Yet another day of negative close for the markets.

But the down move was not straightforward. Market had opened higher and then moved higher before reversing direction.

If you were a seller you were stopped out in the first half of the day and those who felt happy about the 80 points gain at that time were in for a nasty surprise. It gave back all the gains and some more to close lower for eight days in a row.

Our trades :

The fall in NIFTY did no good for us. I was fearing that if the market went up there shall be an erosion of profits. That happened. The worse part was that nothing good happened when the market fell from the highs.

Except HEROMOTOCORP, no other trade did well. Market always teaches us many lessons. Not to be get excited about the profits is one of them. The positions can change for better or worse in no time at all.

The position is not so good now as it was a day earlier but we just have to accept what the market gives.

Once again, Asia is trading in the green and SGX NIFTY is up 50 points.

After eight days of NIFTY decline it will be too much to expect another negative day. But some of the trades may still do well.

I will not take any new trades today.

Let the present 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.