Friday brought a close to yet another week. Now there are just 9 days left in this series and the position is already not looking good.
Friday’s flat market did not help a bit.
ASIANPAINT which suddenly spurted to 52 week high on Thursday, made another high at open on Friday and then forgot to move forward. It was the classic case of raising the hope and then dashing it.
HINDPETRO is another trade which had gone into a good profit few days ago. It has retraced that step completely and the trade is now showing a small profit.
For the day, the position became worse than the previous day thanks mainly to ASIANPAINTS. Other stocks did not have much role to play.
As I write, SGX NIFTY is indicating a positive start to the market.
Again ASIANPAINT will be the key. We have seen that the stocks moves higher almost everyday to give back a good part of the gains. Only on Thursday it remained near to the high. Another day like that and we are done with this trade.
Let us stay with the trades and find out what the day brings for us.
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.