Another day with small moves eating away the premiums.

Nifty went lower initially to come  back strongly  at the end of day.

With just 7 trading  days left  in this expiry it is time that the tide turns  a little bit  in our  favour .

Yesterday’s position does not look promising.

In the past we have  made  a comeback  from far worse  situations. All depends on  the mood of the  markets .

We are not yet out of trades though ITC looks  to have gone  bad. Nothing can  be done  about it, so we just stay in the trade.

We are in 7 trades now and not very far from the  price  points . All it needs  is one day of the  right price action.

No new trades  for the  day .

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.