NIFTY ended flat for the day. Down just 5 points. BANKNIFTY was down 254 points.

There was a lot of movement but finally it was a flat kind of day.

The suggested exit points ( while booking the loss ) came about few times during the day. Those readers who got out probably reduced some of the likely loss.

This is what staying with the trades did:

Trades may be closed at some point during the day if NIFTY keeps moving up. We need a big reversal to wipe out the losses. That may happen or not, it all depends on the market.

Let us see where the day takes us.

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.