An interesting day.
NIFTY closed lower by 9 points.
But this is not the whole story. In the last 30 minutes of trading NIFTY had surged ahead. The negative close was due to weighted average in last 30 minutes.
The reality was like this.
Some of the trades went bad like BHARATFORG, HEROMOTOCORP and L&TFH.
EICHERMOT , TATASTEEL and M&M did well.
This was the position.
Now is the time to actually cash this profit.
Please take appropriate exits today and carry very light positions for expiry day tomorrow .
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.