After three losing sessions NIFTY made some recovery yesterday. It is to be seen whether it will be sustained or not.
The day was not good for us. On the other hand it was not bad either.
Oil Prices eased a bit and that caused HINDPETRO and JETAIRWAYS to move up. Along with TATAMOTORS these PUTS lost some decent money. It is some consolation that in the last hour of trade these stocks came back from the high point of the day.
BHARTIAIRTEL remained weak and PUT 360 ended up higher.
Our new trade for the day did well. My suggested price for PUT 1160 was in the range of Rs. 12-13. Low for the day was Rs. 12.95. I could get it for Rs. 13.50.
At close it traded at Rs. 18.05.
Not bad for the first day of trade. We want the trend to continue.
Here is the chart :
We can add IBULHSGF to the above list.
Markets are unpredictable is a fact all of us know. Still we try to guess the direction everyday. The trend in Asian Markets as of now is negative. SGX NIFTY is positive by about 15 points. We have seen that it does not matter at all. Let us hope our selections maintain their weakness whichever way the market goes.
No New Trades :
We are into 5 trades as of now. Let us not initiate any new trades for the day.
Readers Comments :
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