Volatile in a 100 point range.

That is how we can describe yesterday NIFTY move. Finally it ended flat with 14 point loss.

Small loss and small gain both work well for our setup. It is the big loss which can be a problem.

It was a problem early in the day but as the index recovered, the position became alright.

We go through another day and see where that takes us.

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.