On Friday, it was some correction in the market as well as in Banking Stocks.
Bank Nifty ended up lower.
Luckily for us, HDFCBANK was positive and ICICIBANK and KOTAKBANK were not big losers. Our position improved a little.
This is how this strategy should normally work out and we take these results happily.
Let us wait for few more sessions before deciding the exit.
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.