Another dull kind of day yesterday. ( May 09, 2018 )

We had NIFTY going higher slightly but many of our stocks not doing well.

HINDPETRO opened very low but ended up significantly higher. We should expect another volatile day specially in this stock as crude prices moved up by more than 3% overnight.

The recent low of Rs. 288.50 looks under threat again.

M&M could not gather any upside momentum and HINDUNILVER was positively flat after moving up to Rs. 1511.

Such type of days just eat away the premium and are not welcome by the Option Buyers.

But we have to take just what the market gives and wait for the time when the opportunity strikes.

Let us have a look at our initial trades first:

TATA MOTORS was a disappointment for us yesterday.

With 3 Right trades and 3 Wrong we are in a very small profit. Thank God for the small mercies.

Two other trades were added after these initial trades.

UPL 680 PUT was added at Rs. 9.00 which is currently at Rs. 2.85. A big loss.

HCC 15 PUT was added at Rs. 0.50 and this is at same price i.e. Rs. 0.50 even though stock is on the decline since last 3 sessions. We need a big decline to make some profit in this trade.

Overall, we are not in a very good position but all it takes to make is good is just one good day. Only no one knows when it arrives.

Those who claim to profess this knowledge are just claiming. We know better than that.

Our selections had gone wrong absolutely in the early days of April month Expiry and finally ended up profitable. Let us remember that our job is to make the selections diligently and keep a watchful eye on the moves to protect the loss. Market will bestow us with profit when it deems appropriate.

New Selection :

MARUTI is getting weaker by the day.

I had thought of including it in the list yesterday but some of the signs were still missing. By closing lower yesterday when the market was up, it confirmed the negative bias.

PUT 8600 in MARUTI in the Rs. 90-100 range should be a good trade.


As of now it is just flat. We may have a mildly fluctuating flat trading day with a positive bias.

All these predictions about the day do not matter two hoots but it is human to anticipate and predict, so nothing wrong with it except that we are wrong most of the time.

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.