Yesterday was another good day in this series.
The early trends in the market helped us to set up the new trades in ITC with a credit of Rs. 4000. Not a big amount but as the expiry comes closer, there is no chance of getting bigger credits. We make do with what market gives.
The trades in POWERGRID were closed and 80% of initial credit was booked as profit.
Status of other two trades:
All looks well.
We stay with these two trades and try to exit ONGC ifa profit of about Rs. 3000 is seen.
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.