This is how the BANKNIFTY index performed yesterday.
Early high levels could not be sustained and finally it ended up slightly in the red.
For us the problem was the fall in HDFCBANK.
The gains in KOTAKBANK and ICICIBANK were insignificant.
The outcome of the day was that mark to market loss went up.
After the very smooth ride in October and November series, we are facing a few roadblocks in the current month. We leave it to our strategy to overcome this problem.
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.
Comments
aalok December 4, 2020 at 9:26 am
Sir, if i want to enter in the trade. Should I enter now at current strike price as suggested. Or should I change strike price.
ReplyKindly reply.
Prakash Kikkeri December 4, 2020 at 1:12 pm
this is my second set of trading. running into loss. let us leave it the strategy to overcome this problem, as you rightly put it!
ReplyPramod Kumar December 4, 2020 at 3:37 pm
By the end of day it is back into profit. Once in a strategy, one should stop worrying on minute to minute basis.
Cheers.
Reply