NIFTY took a break from making new highs for a day.

For a brief moment it went below 13400 ( 13399.30 to be precise ) but recovered as the day progressed.

At the end of day, we had good gainers in ITC, HINDUNILVR and losers in HDFC, HDFCBANK, RELIANCE etc.

Nifty had covered lot of ground to close at 13478 and that reflects in the status of this set up.

There was a small loss as compared to the position on previous day.

Well, there is nothing to do yet.

We stay with the trades.

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.