As NIFTY moved higher by 32 points on Friday, this setup added few more points of profit.

We know this will surely work in a gaining market. The test comes when market goes down.

That test may be faced today as SGX NIFTY is indicating a gap down market.

We stay with the trades and do nothing.

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.