What a day?
It was all about the resilience of the market. Surgical Strike was taken into its stride by the market and it had moved into positive territory at one stage. It was quite a contrast from September 29, 2016 when it was only one way downwards.
The picture tells the story better than the words.
What could be the further impact? I am clueless.
There is no point in guessing as the market will keep fooling all of us at all times.
Our position more or less remains the same. We are now set up for a losing month and it would be wise to accept it gracefully. There is no point in fighting the market.
New Trades For The Day :
I would avoid new trades for today and just watch the present ones. Hopefully, IDEA PUT 30 would work out.
Trade cautiously, trade profitably.( If not now, then next month )
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.