Nifty moved lower significantly on Friday.

Now we are in a paradoxical situation. Few days ago we would have welcomed a down move unconditionally. Now we have a problem.

Our CALLS in RELIANCE, ICICIBANK and YESBANK lost money because of this down move.

The PUTS did not gain much. HEROMOTOCO did not move much. Only MARUTI had some encouraging experience and we have further hopes from it. Other trades again lost money.

Not a good day for us.

It reflects in the position chart.

But hope is not lost. We are still in with a chance to come out of the current mess. If we fail we just take it stoically and move on to next month.

Likely Trend for the Day :

Asia Markets are a sea of red this morning.

Dow Jones Index was down 1.77% on Friday.

As I write, SGX NIFTY is down 56 points.

All this is likely to have some impact on NIFTY too and we may see some decline today. The downward move may sustain till expiry or fizzle out as we have seen that there has been some disconnect between our markets and rest of the world over last few months.

Well, whatever happens we are already in there with our trades. For today, we stay with them. We look towards HEROMOTOCO and MARUTI to make a sharp down move and wish that RELIANCE stops its down move of Friday.

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.