The day was not good for the banking stocks. In fact, these were the weak spots in an otherwise strong market.
NIFTY was up 1.17% of the day. BANKNIFTY was just flat.
Even with 7 stocks gaining, the index closed in the red.
Flat days generally do not give any advantage for the strategies except grinding out a small gain.
Nothing much happened for our trades and we remain where we were a day ago.
A step forward, another step back.
The dance goes on.
We stay with the trades.
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.