A look at the Banknifty chart will tell the story better than any words.
There was mayhem in the market.
From the high prices, the stocks kept on going lower and lower and that did not end till the day ended.
Strategies offer the comfort that you do not lose big even on such days.
Yes, we are back into a small loss. But that is not something to be overly concerned about.
We stay with the trades. All it needs is one day of stocks doing better than the index and we are back in the game.
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.