I have seen many traders who take decisions based only on global market. I don't deny the fact that global cues are important but depending only on the so called global cues doesn't make sense. I have also seen traders who exit long positions the moment they see DAX,CAC,FTSE opening in red.

In fact I was nervous when I saw Europe market down 2%. I thought that tomorrow we may witness a gap down open.  But we need to stick to the rules. If there are any weakness in the market that will be indicated by the chart.
Fortunately Nifty bounced back and closed at 4942 up by 35 points. Always remember that if a company or Index is oversold and if it trading at its key support level it is a time to buy.

Open Position          Purchase Price          CMP                P/L

Nifty Fut Long           4914                           4939               1250
Nifty 4900 put             102                               73               (1450)
Gross Loss                                                                            (200) 

Book Loss in Nifty intraday short

Exit Nifty short abv 4954

Intraday Sell Nifty At CMP 4917 sl abv 4954. Since we have long in  may contract traders caan short 2 lots minifty

Exit Tata Mot @ CMP 289.50

Exit Hero Mot. Open position tata mot and synthetic call option

If you are holding Hero Mot change SL to Rs.1880. Strict Sl for Tata Mot 284. Dont carry position for tomorrow

Don't short anything untill nifty closes blw 4870. Trend of the mkt as per intraday chart is up.

Intraday Call: Buy 330 shs of tata motors @ 290 sl 284

Move Sl for Hero Mot to buying price. Conservative traders can exit

Intraday Call: Buy Hero Mot 80 shs at CMP 1873 sl 1843

Ignore United spirits call as we have exited the position