We are still in a bull market and I am holding shorts which are against the larger trend of the broader market. Therefore it is always advisable to keep booking partial profits when available and keep making positions risk free through option hedging wherever possible. Bull market corrections are known to end abruptly so traders need to remember that instead of trying to be heroes.
Therefore:
LT partial profit booked at 1523 (booked Rs 17500 profit). rest 50% still held, bought 1550 CE at 19 to lock in Rs 6000 profit minimum on rest (profit unlimited if LT keeps falling, 100% risk free position now for Dec)
Justdial booked 50% at 1408 (Rs 7000 profit booked). Rest 50% holding.
SAIL shorts still holding.
JSW Steel shorts still holding. Bought 1150 CE at 18 to look in minimum profit of Rs 10250 on rest of JSWSteel (unlimited profit if it keeps falling, 100% risk free position now for Dec).
ACC and Bajaj Auto sold calls also holding.
Cheers
SH