NIFTY moved in a narrow range yesterday.

In this slight gain, two of our trades which were still left with some hope decided to turn against us. The bad position became worse. The loss increased by another Rs. 6000 and this is the time when doubts start rushing in.

We still have some time left to expiry and the trades can come good by that time but so far that ray of hope is not visible.

We wait yet another day.

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.