We saw a market correction on Friday. It was just the reversal of the trend of previous two days.
NIFTY will keep on doing this many times. We need our trades to work out. On Friday at least M&M made a move in the direction we wanted. Other two trades did a bit better than the previous day and status at close on Friday was:
We need some trades to come good in a big way. Let us hope these trades will do the trick.
We have tried to trade in TITAN through CALLS on few occasions and did not succeed. Now it is meeting all the parameters for going in for a PUT trade.
We look for TITAN PUT 1100 @ Rs. 12.00-12.40 which is the price while I am writing. Lot Size 750 Maximum Risk Rs. 9300.
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.