Welcome back to Monday morning.

The outlook for the day seems positive. It is likely that NIFTY goes above 11500 today. There will be lot of sound bytes on TV if that happens and all the best for those guys. For us simple folks, it is back to the tension and daily grind of trading.

With 8 trading days remaining , it is time to get a little active. Our CALLS look like doing well from now on. Let s keep a sharp eye on YESBANK, L&TFH and GAIL. These are the trades which could begin the turn around the position for us.

Among PUTS, BIOCON and IDEA look fine as of now. We expect HEROMOTOCO to maintain the down move and TATAMOTORS to once again move towards the 52 week low it made a few days ago.

It will not be easy. We have to go through the pain. Option Buyer’s rewards are seldom achieved without undergoing some anxiety and the process of pain.

The up and down move every alternate day is not good for our trades. Let us hope that the trend prevails in some of them accompanied by a volatile favorable move. That would make our day.

New Trades :

TITAN has done well over last 30 days. The trend is confirmed with last 7 day move also. The last price on Friday was Rs. 940.60.

With 8 trading days remaining we go for CALL 980 at a premium of about Rs. 10.00. Lot size being 750, maximum risk is Rs. 7500.

This makes it our 5th CALL for this month. Let us hope it does well for us keeping in view the likely up trend.

We are already into 10 PUT trades. No more addition to that list.

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.