Another day of NIFTY decline.

NIFTY was down 57 points for the day.

TATAMOTORS went down to Rs. 149.10 and then recovered. We look for another day of fall in this stock.

SUNPHARMA did exactly what it did a day earlier. Went down initially and then turned positive taking away our notional profits from the trade.

RELIANCE PUT 1180 was bought at Rs. 3.00. It went up to Rs. 4.00 during the day but closed at Rs. 3.00.

Position :

No great shakes but our risk capital is intact so far. For far out of money options, not losing money is a big achievement. Any gains are welcome.

Let us see how these trades work out from now on.

New Trades :

COALINDIA is down over 30 days and 7 days.

The budget effect is still continuing. If the market keeps on falling like it did after Budget 2018 , PSU stocks maybe taking a big hit.

COALINDIA PUT 215 @ Rs. 0.90 looks like a trade which may come good if the above premise hold true. Otherwise, we lose Rs. 2000.

The closing price yesterday was Rs. 1.00. That would make it ineligible for this series. But it was traded at Rs. 0.90 too during the day. We look for that price.

Lot Size 2200 Maximum Risk Rs. 1980.

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.