man … what i meant is ADRs are not the right indicators much like sgx nifty
it can go down 5% or even 10% … it can gap down 5% and can close 5% +ve as well …
i wont bet my home on result reactions because i have got wounds to show
PS:
recently ( two or three quarters earlier ) , i had condor on ICICI bank before the results and results came after mkt hours and ADR was down 5/6% ( results were belwo expectations ) …
next day it opened 4/5% down in our mkts and i covered my put side in loss and kept the call side open expecting a VX implosion … unfortunately it recovered and closed 5% up
i am in the process of doing some import/export business with one of my ex korean manager ( ex samsung guy ) , spending 3/4 hrs everyday in that …
once things settle i am planning to start intraday in stocks and intrday in bank nifty as well ( short straddle or stangle )
then will eb active
these days i am trying positional trades to save some time … only meaningful trade i did is strangle on infy before the results but unfortuntely it didnt move much and lost moneyz
I didn’t account for STT and other charges so even though I made gross 704 on day 2, my net was a loss. Mainly due to heavy trading to recover from a loss situation.
On day 3 I got excited and gambled, that too on a stock I’m not familiar with.
Trying to be more conservative and not trade emotionally. Goal for next week is to stay net profitable even if profit is in single digits.
Don’t start with a big capital.You will loose it all in weeks.Seems like you are a newbie.So i would advice you to trade using a capital of 500 or 1000 till you reach an expert level.
nice to see u guys… i didnt took any trades in this week as i was busy with my other schedule… Friday after noon i took 3 lot 10700 PE and holding …There is bad news on Global market( US-Syria). also Infy result was not good as expected, all these things i think will pull down nifty by 50 to 80 point on monday it seems…
ADR stands for American Depositary Receipt. Basically some of the Indian shares are listed in global markets and Infosys is one of them, which is listed on the NYSE (New York Stock Exchange) . These shares are traded in their markets just like how they are traded locally in the Indian markets.