The first two trades in this series were taken on Friday, September 11.
As RELIANCE opened lower, the strike prices were changed. For ASIANPAINTS same strike prices as mentioned in the Friday post were taken.
Here are the details.
ASIANPAINTS did not do well on the day and RELIANCE was also flat.
We would have preferred either some decent down move or a small up move. Market did not care for what we prefer but the final result was not too bad.
Let us see where these trades go from here.
For today, we are not looking for any new trade in this series.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.