A very volatile day for NIFTY.

From the record high of 17792.95, it crashed 255 points to the low of 17537.65.

In the last part of the day, it was the banking stocks which surged ahead and IT stocks which fell sharply.

Our setup did not have much to gain from the banks except from HDFCBANK. But it lost out more in INFY and TCS PUTS.

Overall, MTM profit got reduced by about Rs. 6000.

The trades may be in more trouble today if the SGX NIFTY indication — 125 points down actually comes true.

We stay with the trades. After all NIFTY was in same position few days ago.

Let us see how doing nothing fares today.

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.