NIFTY stayed weak throughout the day on Monday. At one point it was down more than 100 points but staged a good recovery from there.
On such a day, YESBANK and INFRATEL ended higher while IBULHSGFIN lost big.
Among the short candidates there was no big move.
The method is still losing money but the position improved from the previous day. The loss came down from around Rs. 49000 to Rs. 36000.
We had planned to stay with these trades for 5 days and today is the fifth day. So we wait and watch for today.
SGX NIFTY is trading higher by about 50 points as I write. That gives an indication for a strong opening. Just an indication, what happens thereafter is entirely different.
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.