Once again, BANKNIFTY proved that it is the weak part of the market.

After being in the green zone for most part of the day, it ended up in the red.

Our trades did a little better and the loss now is near Rs. 5000 mark.

We shall watch till around 2 pm and then close the trades.

Set up for the June Series will be taken up on Tuesday as the market is closed on Monday.

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.