Perils of Predicting a Market Top

One thing we never seems to learn is that the markets have their own rhythm. We tried catching a market turn with our naked long nifty put call and so far we have been proved totally wrong.The markets have rallied like before. This also shows us the perils of buying options. A spread reduces our cost and risk while giving us a healthy profit. But coming to our trade. We have to see how to salvage it without denting our pockets too much.