Everything which could go wrong went wrong yesterday.
Last week it did not matter if the market was up. We had PSU stocks going down. Over last two days, likes of ONGC, NTPC and COALINDIA have suddenly found feet and climbed up. Their climb up has buried our trades.
On Thursday we had take a sigh of relief.
That relief has turned into agony in just two days.
The general trend did not help. Nor did the new trade in COALINDIA.
We are now looking at a very dismal scenario while the time is running away.
We stay with the trades and see if something works out 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.