NIFTY made a strong down move on Monday.

Now we have experts talking about 10500 levels. Where were these greats hiding till last week?

No one actually knows where the index will go. We just have to  take  our chances based on strength and weakness and if some of the trades come good we make some money .

Yesterday we had TATASTEEL, BHARATFORG, M&M, RELINFRA and IDEA and HEROMOTOCO making new 52 week lows.

ZEEL recovered and we got out at Rs. 70. Yesterday we had shown PUT 420 at Rs. 120. It is okay to give up part of the notional gains. It was markets favour  to us which was taken back partly.

We exited HEROMOTOCO PUT 2800 at Rs, 150 and entered PUT 2600 @ Rs. 20.00.

No fresh trade was taken in ZEEL in view of trend reversal.

The new trade  yesterday was L&TFH PUT 130. This trade  went right from the word go. One of the readers has sent me a mail with screenshot of his trades on Monday .

He could buy  at the low price of the day and exited at Rs. 5.80. When IDEA PUT 31 was suggested , he went for PUT 32 at almost same price and booked  profit yesterday. Congratulations.

This is our status now.

A pretty  picture and we hope it stays like that till expiry.


With three days left to expiry let us look for some low risk trades with good reward potential:


CMP Rs. 79.95. Trend Negative .

52 week low Rs. 74.25.

We go for PUT 75 @ Rs. 0.50. Lot Size 6000. Max Risk — Rs. 3000.

Volumes  are slightly lower in this option but we ignore this factor.


PUT 195 @ Rs. 1.30-1.40.

Lot Size 3500. Max Risk Rs. 4900.

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.