I have been holding onto my positions but I had to close them on Mar 23, like I just closed them. And now nifty is all back!
Levels of Nifty:
5th march : 24700 – I entered into puts to protect my downside since I was going on a trek. This worked in my favour, cause nifty went way further
23rd March: 22500 That was like the low and I exited the positions then after holding on for so long. I had even futures that I closed somewhere around 23500.
17 April: 24350- Nifty has gained back 2k points. And nifty is expected to gap up on Monday 19th April at 24700. crazy
I am sure I lost like 5 lakhs in the last 2-3 months and was hoping to get it back if nifty stays below 25k till June.
Market always comes back up thats is true especially if its a temporary problem like wars or supply chain issues. But if it’s a recession then it may take years. but then fall may not be brutal. The sudden fall is very difficult to manage in an option selling scenario. But having more hedges actually helps. just selling puts with hedges is the best way. And sell calls at the top.
update May 29: Nifty is playing around 24000. I hope it stays the same till last week of June