Market was on steroids for the second successive day.
The cuts and injuries inflicted on Thursday were forgotten and over previous two trading days, NIFTY has emerged in perfect good health. We do not know who did the surgery and how, the results are there for us to see.
Once again, there are joy riders on the train to big gains. Let us see when the journey halts once again.
The gain like this meant that our trades will have a bad time and they did.
EICHERMOT PUT 1900 has now moved to Rs. 9.30 from Rs. 36.00.
NTPC PUT 80 was bought at the open yesterday for Rs. 1.15 and promptly fell to Rs. 0.80 by the end of the day.
Not taking any trade today. These two are enough to mock me for the present.
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.