Another 96 point fall in NIFTY has turned us from Warrior to Worrier.
After a positive open, NIFTY moved into the red immediately. Later in the day, it covered the entire fall and came back to flat. Once again it fell and that is when our hopes of any recovery faded absolutely.
The story of the day is told by the poor numbers:
SGX NIFTY has become a poor indicator of things to come. It does not matter what it shows.
We stay with the trades with hope and belief that they will get better.
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.