There was lot of volatility as the election results counts kept coming from US.
Market went both ways and finally NIFTY ended up higher by 95 points. Our concern was more with the likes of RELIANCE, INFY and TCS which were not showing strength even when the index was running up. These three stocks were the cause of our trades running up a loss of more than Rs. 56000 in just one week.
Yesterday, things changed for the better. RELIANCE gained and so did some others. The loss came down significantly and now we can breathe a little easy.
The situation will hopefully get much better today with the likely spike in the market today due to US election results.
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.