The market was closed yesterday.
We got more time to worry about our trades. Traders never quit worrying even while trading with a strategy. They can not live without action even though it is that action which causes the losses.
Coming back to the market, Tuesday was in continuation of Monday. The down move continued unabated.
On Friday, the thoughts were about crossing 16000 level. In two days, entire thought process has changed. This is the market at its best teaching mode. It tests us all the time.
This setup passed the test on Tuesday.
Even with most of the stocks falling, there was some improvement in the MTM profit.
The picture is clear right now.
We need a good show from HDFC, HDFCBANK, HINDUNILVR, KOTAKBANK and RELIANCE.
With SGX NIFTY showing a gain of about 140 points this morning, it is expected that some of these stocks will do well.
We look forward to the day with anticipation.
As always, we do nothing.
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.