BANKNIFTY took a dive after gaining in the early part of the day. The big loser was KOTAKBANK which had been a stellar performer throughout the November Series.
I had written yesterday that we should not expect a smooth ride to profit. Things look simple but they are not. Yesterday’s move was a lesson in the unpredictable nature of the market. Our mark to market profit cam down to almost half but still it is a good position.
We stay the trades and let the market decide what to give to us.
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.