I did not post anything on Monday.
First let us talk about the action on Friday. On that day, it was planned to exit ITC trades if a profit of Rs. 2800-2900 was seen. Market gave an opportunity to do better than that.
Trades were closed with better than expected profit.
This is the first profit booked for November Series.
As BANKNIFTY moved up yesterday, the position in that set up improved considerably whereas trades in COALINDIA lost some of the mark to market profit.
We wait with the trades today and see where we land up at close of day.
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.