Yesterday’s post could not be made because of the hosting sever problem in the morning.

Once again, NIFTY moved up and we saw another record high. The up move is not showing any signs of taking a rest. Well, that is market for us. We have come far away from the gloomy days of March 2020.

Even though the market was up yesterday, it was not of much help for our trades. TCS, INFY, HINDUNILVER were losers. RELIANCE too did not gain anything. There was not much left to gain in other stock PUTS.

The story of last two days:

We are in a peculiar situation. If a down move happens now and it comes through TCS and INFY, there will be a loss through these PUTS. That loss will not be compensated through NIFTY PUT as that is too far away.

The best course available to us is to close the trades with whatever profit we can get. Or even with a loss. NIFTY has been moving up for too long. A down move now can not be ruled out.

We close the trades around 9:50 -10:00 am after the initial volatility is over.

December Series trades shall be set up tomorrow.

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.