First day of July Contracts Expiry month.

Technically it is not the first day, contracts are open for 3 months but the trades are so few that for all intents and purpose we can call it Day 1.

Again we shall have 20 days to do our thing.

June series really went like a T-20 match where we scored all the winning runs in the last 2 overs i.e. Day 19 and 20. Hopefully, the progress should be smoother this time.

Over last two days many stocks have fallen considerably.

Many of our selections made 52 week lows on June 28. Shall we continue with them?

How low can they go further?

We do not know and neither do any of the people who swear by the charts. None of them told to Sell UPL at 685 and wait till 606. Nobody mentioned that BHEL will go to 70 when it was 83. I had suggested to BUY PUT 75 when it was at 83.

The problem with these kind of very volatile stocks is that the premiums are very high in the early days. If the move does not come quickly, time eats away the premium and then we have to hit sixers in the last overs which does not always work out. The other problem is that profit comes mainly from these Options only.

So we strike a balance by buying sufficiently OUT OF MONEY options.

For the first day I am not giving too many selections. we can enter the trades on Monday/Tuesday as well.

Let us enjoy the profits of June before putting them back into trades.

(1) Punjab National Bank :

It made new 52 week low of Rs. 71.65 on June Expiry day and closed at Rs. 72.80.

Where does it go from here?

It had moved down from a high of Rs. 78.50 to the low of 71.65 within almost two hours of trading. surely something is wrong somewhere. There may be some bargain hunting buying today and I wish that happens so that we can buy our PUTS cheaper.

PUT 70 JULY EXPIRY traded at Rs. 3.20. If the price moves little higher and we can get it below Rs. 3.00 it should be a good trade.

Maximum Risk– Rs. 16500. Lot Size has changed to 5500 from earlier 4000.


Among Private Sector banks this is one of the weakest stocks presently. I wanted to go for it in June also but as we all know we were not in a good position most of the time so new trades were avoided.

From January to June the stock has come down to Rs. 270 level from a high of Rs. 365.

The 52 week low is Rs. 255 and if the weakness persists, it may breach this level in July.

Watch the trend for a while before entering the trade. I would like to go for PUT 260 at a price around Rs. 4.70 or so. Can go up to Rs. 5.00 if the trend for the market looks negative.


Our BHARTI trade went worthless in June. We made up for that loss from its counterpart in the same business IDEA.

I believe that the sector remains bad business. There are occasional volatile up moves which are invariably followed by equally volatile down moves.

It made a low of Rs. 351.60 on May 22, 2018 and a fresh move in that direction can not be ruled out.

PUT 360 for around Rs. 5.40 -5.80 would be my choice for trade in BHARTI.

These are my views on the trades for June 29, 2018.

Let us see how they work 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.