Higher and higher.

That is what NIFTY is doing almost every day. Yesterday too was same.

It was alright till 2:30 pm. After that it was a buying rush which crushed whatever was left in our trades.

Thankfully, RELIANCE closed negative. ONGC looked like coming good and then went wrong. The bad part was that the PUT lost value even while the stock closed slightly negative.

The gain from RELIANCE covered the loss from the other trades except ZEEL which caused us the bigger part of the loss.

The position as of close yesterday;

In the Money In The Bank series, yesterday delivered a profit of nearly Rs. 8000. We need something similar here in a hurry and then some more.

With SGX NIFTY slightly in the red as I write, we can have some hope. But then, we have seen hopes being dashed so often.

Let us stay with the trades and see where the day takes us.

Trade profitably, trade cautiously.

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.