NIFTY — 11810.95

That is the new high touched yesterday. It is almost 50 points higher than the previous high of 11761 made few days ago. Yesterday’s move was a sure footed move. It was evident since the early trades yesterday that we may see the all time high today.

Finally, NIFTY gave up few points and closed at 11787 which is the record high closing.

We have only 1 CALL trade in our set of trades. And for last few days this trade had gone from bad to worse. Yesterday INDUSINDBK moved up in a significant manner and crossed the Rs. 1800 mark quite comfortably and even touched 1820 briefly. It is still about 2.5% away from being In The Money. Let us see how it goes from here.

As the market kept on rising, another one of our PUT trade decided to do good for us today. RELCAPITAL lost significantly and at one point touched Rs. 169.20. We look for continuation of that momentum downwards.

With two of the trades showing some sign of life, we get some breathing space.

BHARATFORG PUT 470 was not added in the list yesterday. Another one which went wrong from the moment it was taken. Stock moved up 4% on the day to come down by 1% yesterday but the option price goes down sharply due to time going away from us. We just live with the fact and hope that a similar 4% down move will make it good for us. Keeping the fingers crossed for this as well as other trades.

Today is a market holiday.

We meet again here tomorrow morning.

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.