It was a roller coaster day once again.
It can be seen from the BANKNIFTY chart for the day.
At 11 am and again at 1 30 pm it had slipped into the red. Just after that it went soaring ahead, for reasons which actually can not be fathomed. For all we know, it may come down today.
This is what has been the story of this month and looks like that same will continue for the few days remaining till May Series expiry.
The day was good for our trades and the loss figure came down slightly. It does not look too big now.
Another day and it may start showing some profit. Let us look for that.
We stay with the trades and do nothing.
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.