NIFTY ended up flat for the day and so did we.

Both our trades went wrong for the day and the notional profit seen has gone away.

Profit coming to us was the market’s doing and taking it away is again by the market.

We just keep on doing our job.

Position at close yesterday:

Worse than previous day but we can live with that.

New Trade :

We tried RELIANCE PUT 1180 within Rs. 2000 two days ago. Did not get it.

We can get it now. Let us go for it.

RELIANCE PUT 1180 @ Rs. 2.80-3.20.

Lot Size 500 Maximum Risk Rs. 1600.

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.