NIFTY ended the MAY 2020 Series at 9490.10.
Yesterday was a gain of 175 points.
It is a pity that we could not take advantage of the NIFTY decline in May series and had to book a loss. Anyway that is water under the bridge and we are already into June trades and not doing very well in those trades too.
The new trade in SUNPHARMA could be taken quite comfortably at Rs. 8.60 and it became uncomfortable soon after that.
The position at end of day yesterday.
With SGX NIFTY showing a negative open, we hope that some of the trades will do well. But also fear that M&M call can go bad as well. Let us trust the market to do the right thing for us.
No new trade 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.