Welcome back to Monday morning after the long weekend.
Thursday was a dull day for market as NIFTY made only small moves and closed with a gain of 15 points.
Our task for the day was to close both the trades and set up new.
That was done and the status for the series so far is like this:
Profits of Rs. 6830 and Rs. 4700 are booked and the weekly expiry trade for Sep 16 is now on.
Bought CALL strike is change to 16800.
With such a big gain in the index, ITM CALL 15800 would have done wonders. But hedging takes away most of the gains. Still it remains the preferred way of trading for most of the traders.
Let us see how this week goes.
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.