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SOS Rollover: Exit ICICI and Axis, keep all else

1 Comment » Written on November 29th, 2008 by
Categories: ShortOnly
So it's that time of the year. Time to rollover all the contracts. I'm staying out of ICICI and Axis, but I will get back immediately after a rate cut. I'm keeping everything else on.

I've added to the Nifty short: it's now a 500 quantity short rather than 200.

Bharti has lost money but I have a stop loss at 745. The rest are ok, and I expect a rally to take profits down; still, in the longer term it is good to stay short.

Since Aug 12, the porfolio is up 20%. Not too bad, but not phenomenal either.

Click to see the complete status.

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This entry was posted on Saturday, November 29th, 2008 at 11:16 AM and is filed under ShortOnly. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.

About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak has co-founded MarketVision, a financial knowledge startup. He has traded the Indian Markets for nearly a decade. Deepak lives in Gurgaon and fears using long words.

One Response to “SOS Rollover: Exit ICICI and Axis, keep all else”

>Hi Deepak,

Two days back you have written one you have written on one very important topic “Mumbai Terror Attacks: Need Better Reaction Support”,i have responded in 8th comment some of my thoughts undersigned as “AMIT”"……these were just my beliefs,it would be so great if you can give a bold review of that particular comment and your thoughts on that,please do not disappoint me,i am shamed to be an indian at this point,at the feeble response of our leaders in charge.

Best Regards,
Amit.

amit
11.30.08 at 4:19 PM
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