BANKNIFTY was up 3.26% yesterday.

It appears all the problems faced by the banks were sorted out over last two days. Nirav Modi and Vijay Mallya paid back their long overdue loans. All the non performing assets are now good loans. Banking is a thriving business with lot of new good borrowers with viable project reports knocking at the banks’ doors.

Well, all of us know that all of this is just not happening. That does not stop stock prices to shoot up one day and go down equally sharply next day.

The Money In The Bank strategy takes care of these moves in its sedate ways.

We cashed out with a profit of Rs. 14000 when the stocks were going down. After the second set up, index has gone up more than 1000 points.

The outcome over two days:

We stay with the trades and this trend of irrational ups and downs work out for our benefit.

Nothing to be done for the day.

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.