The story of Friday can be told by just this chart:
Gone was the fear of Thursday. The zeroes of previous day were heroes on Friday.
EICHERMOT PUT 1900 was very easy to get at Rs. 36.00. It was a story of easy cum easy go. At the end of day, it was trading at Rs. 26.45.
For today, I look for NTPC PUT 80 @ Rs.1.40-1.50.
Lot size is 5700, maximum risk Rs. 8550.
Trade cautiously, trade profitably.
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.