BANKNIFTY managed to stay in the green even while NIFTY took a dive in the afternoon session yesterday.
ICICIBANK was a gainer, SBIN was a loser and HDFCBANK was just flat.
This was good enough for some improvement in the MTM position. At some point during the day, I had seen it cross the Rs. 10000 mark but the final position at close was:
Banking stocks are looking weak.
It is going to be a rough ride to profits. We go with the flow of market and stay with the trades.
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.