Welcome to Monday.
We have 14 days left to expiry. It is time our trades started doing well. Remember we are in the trades with 1 CALL ( INFY 700 ) and 5 PUTS.
NIFTY fell 26 points on Friday.
There was a minor change in the prices of our options. Our position became slightly better than the previous day. It was mainly due to TATASTEEL stock once again making another 52 week low at Rs. 472.
Now we look forward to continuation of this weakness. 470-460-450 , every price is welcome but a reversal from the lows is always a possibility.
INFY came out with quarterly results on Friday after market hours. In US market, INFTY ADR closed 3.5% higher after being 6% higher at one stage. If the same move is repeated here, it is likely that CALL 700 becomes ITM today. Let us wait and watch for that.
This was the position on Friday , January 11, 2019.
New Trades :
I would stay away from new trades for today. Let there be some improved performance by the existing trades before we commit more funds to our trades.
Stay cautious, stay patient.
SGX NIFTY looks flat at this moment. Looks like to be a dull day of trading. But markets are known to throw surprises at us. Let us wait and find out.
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.
Senthilnathan January 14, 2019 at 10:53 pm
INDIACEM 52W Low is 79.95 LTP 85.80Reply
Put 80 at 0.80 to 0.90 .. Lot size 4500 .. Maximum exposure at Rs.0.90 will be Rs.4,050
Aggressive traders can watch APOLLOHOSP for dips to buy Calls