NIFTY fell 150 points on Monday ( September 10, 2018 ). It has been a very long time since this kind of decline was seen. It is being attributed to Rupee weakness and fear of trade wars. Well, whatever the reason, the fact is that NIFTY is down.

One of our selections ( IBULHSGFIN ) was among the Top 5 NIFTY losers for the day. That made our PUT 1160 do well for the day. This trade alone brought some cheer to our position.

HINDPETRO too moved down a bit. It is very near to the recent 52 week low but we need the stock to quickly breach that level and move below 240. Let us hope today is the day.

JETAIRWAYS moved up a bit. Given time it is likely to resume the downward journey.

This was the position at the end of day yesterday.

Let us hope IBULHSGFIN and HINDPETRO continue with their trend and others too chip in with some gain in the PUT values.

The picture looks better than before now and we expect it to get better from here on.

New Trade :

ZEEL ( Zee Entertainment Enterprises Ltd ) is one of the weak stocks currently. It had made the 52 week low of Rs. 436.05 on September 06, 2018.

With the overall market trend becoming negative, ZEEL should see that level again.

ZEEL PUT 450 for a price of Rs. 4.50-4.80 could be a good trade. Maximum loss in the trade can be Rs. 6240.

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.