After 4 days of gains, NIFTY took a break yesterday and closed lower.

It did us no good.

INFY was up slightly but CALL 700 did not gain much.

BHARATFORG surged higher. Just a day ago it had made new 52 week lows and has now moved higher by almost 12 Rupees from that level causing a severe setback in our PUT 460 trade.

TATASTEEL was mildly positive in a weak market today.

Overall the day was not good for us.

Now once again we are in a position where option buyers usually are. That is the losing position.

We have seen time and again that option prices fluctuate wildly with the moves in underlying price. So such situations are normal and there is no need to panic.

We made our selections based on a method which has worked over time. We stay with the trades and do not add any more trades today.

There will be lot of noise today with TCS results already announced and INFY results to come out today. Be prepared for sudden moves in both directions.

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.