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.
Comments
Vishnu prasad maneendra January 4, 2019 at 11:14 am
Greetings of the day sir..
ReplyNeed your opinion on the below..
I am new to stock market & following you on quora. I bought bhel at 73.65 few days back with a stop loss of 69. Today it seems its going to hit 69, should i hold it or sell at 69. Please suggest.
admin January 4, 2019 at 4:11 pm
Once you have decided a stop loss, it is wise to stay with that.
ReplyArjun January 4, 2019 at 10:24 pm
Please let me know rule 1 ,2 and 3
ReplyPravin January 4, 2019 at 2:14 pm
Sir, how about Put for mindtree, satisfies the put conditions(1,2,3).
Replyyou view please.
admin January 4, 2019 at 2:44 pm
Yes, it meets all the requirements. And if Nasdaq type weakness happens in our market, the trade can work out real well.
Cheers.
ReplySathya January 4, 2019 at 4:08 pm
Hello Sir,
ReplyI think Hindalco 200 PE satisfies our criteria.
Could you please confirm?
vishal agarwal January 4, 2019 at 7:09 pm
Sir, I have one question here – when you see that there has been a sharp movement in prices of stock in one direction – for ex-metal and auto stocks these days and would naturally fit the selection criteria; do you still consider taking a trade in them or wait for these stocks to reverse for a while to enter?
ReplyAman Gupta January 4, 2019 at 6:25 pm
Hello sir,
ReplyDLF 165 PE and RELCAPITAL 200 PE? Your views sir.
sudheer January 5, 2019 at 4:12 am
Hello Sir,
Good Day!
Could you please point me to the post that has rules 1, 2, 3? I read your post on stock selection but that doesn’t have all the 3 rules. I would appreciate if you can point me to the post that has the rules.
Thanks,
ReplySudhi
vishal agarwal January 5, 2019 at 10:35 am
For buying a Put
ReplyStock should be weak over 30 day period.
Should be weak over 7 day period.
Strike selected should have a volume of about 100 contracts or more.
IV should be above 30.
Nilesh S January 5, 2019 at 8:05 pm
Looks like Trump’s weekend speech will bring Nifty in red zone on Monday…Hope it will help our trades to work in our favour.
Reply