Money In The Bank.
The phrase looks good. So good that I gave this name to a strategy with banking stocks.
It would have looked very stupid if the strategy had failed. In that case we would have seen money going out of our accounts. Fortunately, the strategy has come good and has been true to its name so far in November and December Series.
We have already closed two sets of the strategy in December Series.
The first set was closed on December 05:
And the second set was closed yesterday at 9:30 am:
The strategy has already given a positive return of Rs. 28370 and we still have a long way to go till expiry.
The third set up for December series was initiated at 2:00 pm yesterday.
That too did well for the day.
The profit in the second set up has come while BANKNIFTY has been falling.
We look forward to the day with the hope of doing a little better than the previous day.
The readers who missed out to exit the previous set up can do it 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.