For a change, NIFTY was mildly negative yesterday.
It made PUTS go up but then CALLS suffered.
TATAMOTORS which had gone up two days ago came back to old levels. BHEL made a significant declined. The 80 PUT which was suggested at Rs. 0.55 went up to Rs. 2.90 at one stage before ending the day at Rs. 2.50.
The stock went very near to its 52 week low before recovering. Let us wait and watch for the trend to continue.
Both the CALLS in HINDUNILVR and M&M went wrong for the day.
HCC also moved down by about 5% though with not a big gain in the PUT 15.
The status of the initially suggested trades is as indicated here:
Apart from this UPL 680 PUT recovered a bit. It is now at Rs. 3.95. ( Buy Price Rs. 9.00 )
MARUTI 8600 PUT also made some gain during the day. Closed at Rs. 109.45 ( Buy Price Rs. 95.00 )
HCC 15 PUT closed ar Rs. 0.65 ( Buy Price Rs. 0.50 )
Overall, the trades are doing well thanks mainly to BHEL move yesterday.
Trend for Today :
Indications are for a positive opening. Whether the move can be sustained is another matter.
We are already into 9 trades so no more are being added.
The review shall be done over the weekend.
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.
v narayanan May 12, 2018 at 10:41 am
Never one can explain as simple as this. Hats off and keep it upReply
Madan Mohan May 14, 2018 at 8:36 pm
BHEL reached Rs 4/- today, booked profit, now focusing on ICICI Bank, M&M, Reliance Naval, Reliance Ind.Reply
Dr A SRI SENNATH J ARUL J ARUL May 16, 2018 at 9:21 am
SIR WHY NO NEW POSTSReply
KV Rao May 16, 2018 at 3:00 pm
Today HUL zoooomed. Good profit in 1520 CALLReply
KV Rao May 16, 2018 at 3:02 pm
Tata Motors 320 PUT also in good profitReply
MD Azhar May 16, 2018 at 7:34 pm
As of 16th May, The calls are giving superb return of more than 95%. I follow your advice regularly and evaluate the positions daily. Your strategy is superb and simple sir. But one needs huge patience to let the trade continue … 👍Reply
Dr A SRI SENNATH J ARUL J ARUL May 17, 2018 at 9:05 am
sir why no new blogs?Reply
Dr A SRI SENNATH J ARUL J ARUL May 19, 2018 at 5:11 pm
expecting ur posts againReply