Yesterday did not work out well for our trades.
Trades were doing well initially but later in the day, they turned into losers.
HDFCBANK was among the 2 losing stocks for the day.
ICICIBANK and SBIN did their bit but the gains in the index came through other stocks. Our stocks were underperformers.
Underperformance costs money in this setup.
This was the MTM position at close:
A look at the previous day position tells us where the loss is coming from.
We leave it to the market and wait for the day’s trading to begin.
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.