Another volatile day for the indices. They traded in the positive zone for quite some time before moving down thanks to pressure on the banking stocks. For the day, NIFTY lost just 24 points but that is alright with us.
The indices are still within our trading range. If they stay in that range, we are looking at a small profit.
The status at close yesterday.
Let us hope the trades in BANKNIFTY too will come to the party today. Good if that happens or we accept the market verdict.
We stay with the trades.
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.