Yesterday was a very flat kind of day.
BANKNIFTY was down a bit with 6 gainers and 6 losers.
One of the bigger losers was HDFCBANK. That caused our mark to market profit to come down as compared to Friday.
We are still good in these trades.
Some fluctuations either way are part of the game and the purpose of the strategy is to avoid worrying about the fluctuations. That way, this strategy is serving us well so far.
As some readers have pointed out, AXISBANK has now more weight in the BANKNIFTY than KOTAKBANK, we shall be setting up differently next time. For the present, we continue with what we have.
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.