For the second day we saw a fall of about 120 points. Now the talk has turned to levels below 10500. Just two days ago it was about 11000 and beyond. This is how markets fool the people all the time. Still we do not get wiser.
We missed MARUTI PUT 7200 a day earlier. We could get M&M PUT 700 for Rs. 8.00 yesterday and it turned out well. So did TATASTEEL which is now at Rs. 481 and likely to be In The Money soon.
These two trades changed the profit/loss situation considerably.
We can breathe little easy now.
US markets saw a big fall yesterday but Asia seems to be not affected much as I write. It may change as the day progresses.
We stay with our trades and do not take fresh trades today.
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.