NIFTY took a break yesterday from going up. The last hour of trading was a big up move and it appeared that the deficit would be wiped out. NIFTY ended up with a minor negative close.
Our trades continued to do what they have been doing. Going bad.
RELIANCE and ONGC ending up negative gave us nothing. ZEEL closing positive took away a good amount. M&M and SUNPHARAMA are so far gone that it does not matter much now.
We can still have hopes with 3 of these trades i.e. RELIANCE, ONGC and ZEEL. Only question is whether the move we want will come soon and when?
The position on January 15:
We wait again today without entering any new trade.
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.