Option buyers are eternal optimists. They have to be. Nobody gives them a chance. They have to keep hoping that something good will happen soon. At most times, that does not happen. When it does, life in the market looks better.
Yesterday was once again a gaining day for the index.
After staying above 11900 for most of the day, NIFTY closed a tad below that number.
Luckily for us, there was some weakness in PSU stocks which helped our trades recover a little.
Mark to market loss came down by Rs. 7000.
Shall we have another day similar to yesterday?
Let us wait and find out.
No new trades for the day. 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.