Yesterday was not a great day for BANKNIFTY.

HDFCBANK was flat. KOTAKBANK and ICICIBANK were on the losing side.

Not a good show.

In fact, ICICIBANK has come down considerably from its recent high. As long as it stays above Rs. 900, it is fine with us though there will be some worry on day to day basis.

Position at close on December 06:

From 12740 to 11600, the damage is not very serious. We take it in our stride and look forward to another day of doing nothing.

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.