The first day of the series continued with the trend from previous month.
Naturally with a strong down trend we shall get many PUT trades.
With a little reversal, we may be getting into trouble.
Nothing ventured, nothing gained.
MARUTI is having continued weakness. It made a low of 6500 before recovering. PUT 6500 at Rs. 160-170 could work out very well if the trend continues.
With this we shall be into 3 trades for the month.
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.