Another killer day.

A few days ago the market could do nothing but go down. Suddenly it took steroids and found strength. The first stocks which became strong were those which were beaten down. Those were our trades.

But all these NIFTY moves are leading us nowhere. On Budget Day, NIFTY had closed at 10893.65.

We are still below that. The flattish trend and the sudden reversal has eaten away the option premiums and we are poorer for our efforts.

Exit was taken from HEROMOTOCORP PUT 2700 last week otherwise loss would have been higher.

I have already reconciled to the possibility that February  is a losing month. Writing on the wall is clear unless the market rubs it off.

Once again, no new trades for the day.

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.