June series in this setup is testing the patience everyday. It raises hopes, then brings them down. We see a good MTM profit, hope for more next day only to see it go down.
Well, we have passed the patience test many times in the past. One more time is fine with us.
On a record high day for NIFTY, the BANKNIFTY index ended up marginally in the red.
Our stocks did not do well and MTM profit came down a bit. That has been the story for the entire last week.
A new week begins and as we move closer to the expiry of the series, clear position will emerge in a day or two.
We stay with the trades.
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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.