Once again NIFTY moved up after being down in the early trades. Yesterday, the gain was 121 points.
It is another matter that it meant nothing for our trades.
The shift to CALL 17400 DEC 02 expiry was done.
Market started gaining after that point and gain in both the sold and bought CALL was almost same.
We stayed in the same position as on the previous day.
It looks like we are in for a long grind in this series.
SGX NIFTY is indicating a gap down start for the market. That will get us some points from the sold CALL. How many points will be lost from the bought CALL becomes the key to profit.
We stay with the trades and do nothing for the day.
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.