BANKNIFTY was the weak spot in the market yesterday.
The distribution was uneven.
It was the two heavy weights which lost out significantly.
ICICIBANK and HDFCBANK lost more than the index.
Such underperformance hits our trades badly.
MTM position went into a loss.
Though the loss is not big, it looks bad to give back the notional gains.
Each day is different. Let us find out what is in store for us today.
We stay with the trades.
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.