NIFTY was down 104.75 points on Wednesday. Yesterday, market shrugged off the events of that day and almost recovered the lost ground.

Market is back where it was. So is our setup. This time it worked out exactly in line with the market move.

Our wait continues.

Doing nothing works most of the time.

My new book proves that theory through NIFTY options. The book is now available on Amazon:

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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.