QUANT SYSTEM TRADE UPDATE -07.03.22

Dear Friends,

Due to very poor internet connection onboard I am unable to download data into my trading software. However, I thought at least I will update you.

Part profit to be booked in Nifty, as of today’s closing of 15863.15. The Nifty short recommendation given on 02.03.22 at 16605.95, leverage 1x is closed as of today. The short recommendation given on 08.02.22 at 17266.75, leverage 0.5x remains valid. It is always a good idea to take some trading profits to the bank. Since I am unable to view my system I will be unable to give further short recommendation in Nifty but later when I update the Trade Recommendation Sheet , I will update in case a short signal gets generated meanwhile. The power of utilizing multiple positions for trading has been well demonstrated

As I had been saying for quite some time, Gold has given a stupendous move. In Mumbai, 99.9% 24 carat gold has crossed Rs.55,000.0 per 10 grams. Don’t book profits as of yet but continue to hold long positions. There might be some profit booking at these levels but it is preferable to hold for a longer time period.

RETURNS TILL DATE SINCE 04.07.20 : 68.84% (AS OF MONDAY 07.03.22 CLOSING)