Once again we had a day when NIFTY did not look back. It made a big climb and ended the day at 11662, up 159 points.
Next stop 11700?
But for the last one week NIFTY is not looking like stopping anywhere. Let us continue with the ride.
Our trades were taken against the NIFTY trend.
It was good to see that the day did not cause a big dent. EICHERMOT was a loser for the day and so was NTPC. ONGC was a gainer just by Rs. 0.10.
This helped our trades not to lose big on the day.
We stay with the trades and see what the day brings for us.
No new trades today.
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.