It was a good day yesterday as BANKNIFTY made a strong up move.
This is how the day had gone for this index.
All our 3 stocks were gainers on this day and that worked like a charm.
ICICIBANK and KOTAKBANK have now come above the sold strike prices and that is a big relief. A similar move in HDFCBANK will help us a lot if it happens.
Let us review the MTM position.
Position on March 21:
On March 20, it was (-) 21470.
Readers will remember that on March 14, MTM position was (-) 39066.
In five trading days, position has improved to (-) 9019.
All we did was leave it to the market and sit tight. At times, it works wonderfully.
We go through 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.