Yesterday was a gaining day for BANKNIFTY and NIFTY but it can not be said that markets were gaining with some confidence.

Let us look at BANKNIFTY:

There were 7 losing stocks, still the Index was a gainer.

It was no cause of concern for us as we closed our set up in the morning.

Another set up was created for the current series only and by the end of the day this too showed some gains.

So far the going is good.

Those readers who could not exit yesterday can do it today.

We shall now be looking to the second part of the strategy to come good in the next few days.

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.