Another day of NIFTY record high.
The close was just 8 points lower than the high level. There appears to be momentum left on the upside.
RELIANCE stayed lower but ZEEL once again went near Rs. 260 and came back to close positive. The move by ZEEL dented our position otherwise we could have squeezed out a little on the positive side.
Instead we enter a new day with trepidation as another record high looks to be on the cards.
Trade in ONGC did not help our cause much.
The position at close:
With SGX NIFTY up around 15 points at this time, we may see a little more trouble before the trades work out.
No new trades today.
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.