NIFTY was flat yesterday. So were our stocks.

LT trade stayed at the same place without giving us anything or without taking away too much. We continue with the trade. What we really need is a sharp down move which takes it to below Rs. 1300 level. Let us keep looking for that move.

It was not possible to set up the trade in TITAN.

We try the same again.

TITAN futures to be shorted at the current market price and TITAN CALL 1100 to be bought with a small time premium.

Let us say that shorting price is Rs. 1160. In that case we look for buying the CALL 1100 around Rs. 66-67.

Likewise if the shorting price is Rs. 1150, the CALL price we are willing to pay is Rs. 56-57.

It is not easy to buy ITM options. We need patience.

Let us see if this trade works out today.

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.