This was NIFTY yesterday. NIFTY opened at a new record high and then gave up. Ultimately ended up flat with a gain of 2 points.

For us, it was not a good day. It flattered to deceive. At one point things were going well. Calls were gaining as well as Puts were also doing nicely. Metal sector went up initially, came down and went  again. That made HINDALCO put go wrong.

Similar trends happened in almost every stock.

The new trade added yesterday BIOCON 540 PUT at Rs. 8.00 closed the day at Rs. 8.70.

Both the PUT BUYER and CALL BUYER charts are losing more. We need a strong favorable move at least in 2-3 stocks now.



It may take another day of consolidation before a breakout in either direction ( we keep on guessing ) . Let us not venture into more trades yet. We shall stay in the present trades and expect them to do well.

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.