Another record high.

NIFTY just does not know where to stop.

We are facing such situation that everything which can go wrong is actually going wrong.

On a day when NIFTY moved up by 46 points we have 2 of our CALL options terribly declining. GAIL and YESBANK being the big losers for the day. HINDALCO on the other hand was the top gainer. You could not expect worse than this.

GAIL touched Rs. 394 and there was a glimpse of a chance that this CALL would become in the money and would give us something over last two days. It declined sharply and all seems to be over in this option.

Not that there is much left in the other trades. Except HINDPETRO 260 PUT everything else looks like a lost cause as of now.

Prudent thing would be to put this month behind us and move on.

Expiry day Trades :

TATAGLOBAL 230 PUT looks a good candidate. It should be possible to get it for around Rs. 1.50.

I would go for SBIN 300 PUT also for around Rs. 1.50-1.60.

That is all for this morning.

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.