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.