The day NIFTY made a record high, BANKNIFTY was subdued. Maybe it got tired after the big climb on Thursday.
It moved all over the place and closed flat.
Our trades too performed as per the above trend or lack of trend. We stay almost where we were on Thursday.
9 Losers out of 12 tell the tale of tiredness. Today is a new day. There may be strength in plenty today or some correction. We shall know as the day progresses.
We stay with the trades.
One of the readers has asked that we exited multiple times in the last series; why not this time?
We shall do that when about 70% of the credit amount can be cashed as profit. Otherwise, we keep waiting.
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.