NIFTY took a break from the business of making new highs for the day.
It went down more than 75 points but like every other day recently, made a big up move in the last one hour to almost wipe out the losses.
The going down action was in the heavy weights but the gainers were other stocks.
A look at the top 10 gainers for the day tells us that none of the heavy weights were part of this group.
This is not out performance we look for. Such moves cause a mark to market loss and our trades suffered a bit.
The position at close yesterday:
We continue with the set up and let the market decide what to give us.
Stay lazy, stay happy.
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.