This series has 5 trading weeks. In a 4 week trading month our agony would have ended by now. Now we need to bear the pain for few more days.
NIFTY was a roller coaster yesterday.
From a high of 12018.65, NIFTY crashed to a low of 11775.75 and then recovered to 11937.65.
Not an easy day to trade. Traders would have been taken out of their positions on either side.
Anyway, our day was bad and kept getting worse. Even when NIFTY was down at its lowest point, we were doing badly. The PSU stocks had chosen this day to do better than the rest of the market.
There is a small chance that some reversal may come about.
We stay with the trades for yet another day but with diminishing hope.
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.