Our torture for the month continues. The slight decline in NIFTY on Friday did not help in any way.

YESBANK and TITAN were among the biggest losers for the day.

The NIFTY decline caused the CALLS to lose heavily and the PUTS did not gain much.

I am not sure whether we are in a better or worse situation than we were in June Expiry exactly at same point i.e. 4 trading days before expiry. In June, we turned profitable only on Day 19 and 20. This month we have 23 trading days and 19 of them have not been good. Let us go through the remaining 4 days and see the outcome.

Looking for clues :

We may see the all time high of 11620 taken out today. Asian Markets are prominently green. So the 25 point decline of Friday is likely to be reversed very swiftly. Whether it helps us is to be seen. We need YESBANK, GAIL, L&TFH to do very well to have any hope of coming out of this month respectably.

On the other hand, we would like HEROMOTOCO, IDEA , HINDPETRO and TATAMOTORS to move down very swiftly.

In such a situation, I would not be taking a new trade. We shall have few expiry day trades based on the current trend. Let us wait for them for now.

Be watchful today.

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.