Another day, another record high for NIFTY.
It is said that records are meant to be broken. But breaking records everyday is something different altogether. It appears lot of money is going into the wrong stocks at wrong time.
But who am I to say this?
Well, I have observed the markets for few years and it is prudent to be cautious at times like this.
Coming back to the lazy trades, the day did not help us much. RELIANCE continued to be weak in a strong market. So did ICICIBANK and KOTAKBANK. The loss in these 3 prevented any gains for the day.
The profit from stock futures can not cover the loss from NIFTY futures as yet. We give it some more time and see how that works out.
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.