We are entering the critical period of our trades in the current expiry.

We just have 5 days left for the trades which are in the Compulsory Physical Settlement category. That is additional pressure.

One has to trade with the conditions that exist and this is another restriction which puts us in a position that we have to fight with our hands tied behind our back.

So be it.

This was the position on Friday.

Not the time to regret the past.

We book the profit in MARUTI at current levels and buy PUT 5900 at the same time.

If RELIANCE continues the down move it began after touching Rs. 1299 on Friday, it may take the market down and some other stocks too may go down. That would be good for our trades.

If that does not come about, well, we know what can happen.

When you are an option buyer we learn this fact with experience:

There will be no gain without pain.

At most times it will be just pain and no gain.

One has to survive the painful period to get the pleasure of a big gain.

After all one does not get to see the heaven without dying.

New Trades :

We do not take any fresh trades today and just keep a watch on the current ones. Let us hope that they come good to some extent today.

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.