Timing is everything. The last two days have seen NIFTY going down by about 150 points. Had this type of move happened 2 days before August Expiry, our position in that month would have been better. We have to live with what the market gives us.
This was the status on September 04 close of market.
Let us hope that the trend sustains for us.
New Trade :
TATAMOTORS has shown a lot of volatility in last 2-3 days. On August 31, it was near 259 levels, went up to 270 on the same day. Today again it made a low of 259.
Though it does not exactly fit into our selection criteria right now, but it looks an attractive trade with PUT 250 at around Rs. 3.80-4.00.
Could not post here yesterday as was travelling extensively and the journeys were tiring though otherwise a very good experience.
Let the winds blow in our direction today.
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.