During the week, we saw NIFTY going down 233 pints on Monday. There was not much action on Tuesday and Wednesday. There was an up move of 190 points on Thursday. Friday saw NIFTY making a new record high at 12311.20 and then giving up some ground from there.
All told, NIFTY gained 30 points in 5 trading days.
The heavy weights are still not doing better than Index. There is no out performance. It is not a sign of strong market record highs or not.
We see that NIFTY futures have lost 54 points since December 20, 2019.
In this absolutely flat market, these 10 heavy weight stock futures have lost Rs. 49809, the biggest loss coming from RELIANCE.
There are 7 losing stocks out of 10.
Anyways, these issues will sort themselves out without much interference from our side. We stay with the strategy and do nothing.
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.