BANKNIFTY stopped its up move of last two days and closed in the red yesterday.
The strategy has been working well in this series as the trades are going along the expected lines. The first set up was closed on Thursday last week and that profit had come as the BANKNIFTY had gone down drastically.
BANKNIFTY recovered very sharply over Friday and Monday. Trades did well while the index was moving up and they did well yesterday too as the index went down.
Profit is not big but getting it right is more important.
The result at close yesterday:
Once again, we stay with the trades and do nothing.
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.