Once again it was party time for the banking stocks.
Our stocks were not the big performers. Only KOTAKBANK matched the index. Other two stocks were positive but were no match for BANKNIFTY.
Somehow, we could get an appropriate exit as planned.
The result of these closing trades was:
The second set of November Series gave a profit of Rs. 36080.
Take out the loss of Rs. 14648 in the first set of trades and the profit for the month comes to Rs. 21432.
Not a bad show.
New set up was done with these strikes:
Position at close was:
Now we monitor these new strike prices. Hopefully these trades too will go the profit way.
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.