NIFTY continued its upward march for yet another day.
11600 level is now conquered comfortably and the next summit would be naturally 11700. Maybe it will take a breather today and maybe not. We are not in the prediction business and making predictions does not make money.
Our two trades did not buck the trend yesterday. They closed slighly in the red even while NIFTY ended up 159 points higher.
The status of trades:
Once again, we keep looking for Rs. 4000 profit for exiting the trades. That will come quickly if the down trend in these stocks continues.
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.