Another day, another all time high.

NIFTY moves on to another high and looks set to go above 11400 today. If not today, this level may be seen tomorrow.

On another day of new highs we did not expect our PUTS to do well. It worked the other way round. CALLS did not do well.

YESBANK and L&TFH both moved lower. Such are the ways of the market. YESBANK went above Rs. 374 when NIFTY was negative for the day but fell sharply when NIFTY covered all the loss and moved strongly upwards.

TATAMOTORS went down and it looks that this trade may come right soon if the market does the right thing after the results.

The position for both the PUT BUYER and the CALL BUYER are not good.

PUT BUYER :

CALL BUYER :

We stay in all these trades and look for new trades as the first day of August ( Calendar month, not the Series Month ) is upon us.

New Trades :

PUT BUYER :

Yesterday metals gained strength as the NIFTY moved up. The sector has remained weak otherwise over last few months. With a slight fall in NIFTY, metal stocks must move down.¬† We go with our hero of previous month — HINDALCO.

The 52 week low few days ago was Rs. 192.85 and that is where we shall be keeping an eye.

PUT 195 at Rs. 2.80 -3.00 would be my choice.

CALL BUYER :

For today, there is no CALL selection.

Everything is looking strong. To decide is not easy. Let us wait another day for taking a trade.

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.