Yesterday was another volatile day in the market.
Banking stocks too were part of the volatile moves.
The V shape recovery late in the day brought back the index to a much better position.
For our trades the day was not good as HDFCBANK and ICICIBANK lost more than the index. Mark to market position became a losing position. We know that these swings happen every day and are not overly concerned about them.
We stay with the trades.
It is early days in the series and lot of movement is to be seen before a profit is realized.
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.