Our February Series began on the Budget Day.

There were volatile moves in both directions and finally NIFTY ended 62 points higher.

The high point of the day was 10983 and NIFTY gave up 90 points from there.

We had planned 3 trades for the day.

The actual prices for the trades were:

ZEEL PUT 340 @ Rs. 11.15

M&M PUT 660 @ Rs. 13.00

GRASIM PUT 700 @ Rs. 17.35

Out of these ZEEL did really well as the stock fell 6%. GRASIM made the new 52 week low but bounced back. M&M moved very high and then came down.

On the whole, our PUTS did well on a positive day for the market.

As I always say, one day in trading is of no importance. We need the trades to be right till the time we are booking profits. Let us see how the market moves from here.

New Trades For The Day :

One of the stocks which did well for us in June and October Expiry was HINDPETRO.

This stock is weak over 30 day period as well as 7 day period. Current Price is Rs. 234.70. We look for a PUT around 5% away. PUT 220 would be a good choice.

PUT 220 @ Rs. 5.00-5.50 can prove to be a good trade. And if it fails, the maximum loss can be Rs. 11550 lot size being 2100.

With three PUT trades already taken, this will be our fourth trade for this expiry.

As I write, SGX NIFTY is down by about 30 points. With slight negative moves let us hope our trades do well.

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.