R
carry relenergy shorts and nifty also.short sbi for 1830,1812 as tgt,stoploss 1928.
REL has a lot size of 550
traders would be carrying a loss of 44550 in REL, though intrada the loss per lot had gone upto 56500.
HITESH: I am not trying to run u down, just thinking...would it not be prudent and accept a decent loss rather than a big one?
You are betting upon the markets going down...and if u remember, you had done the same thing when nifty was moving up a few months ago.
I dread to think what traders would have done, u were increasing ur sl in a reverse manner, INCREASING your stop levels and suddenly, without even completing the call by giving an exit, you disappeared, only to return in the next bull run.
So, this is why I am pointing out this trade.
As regards, REL, I have pointed out, because I am holding a small quantity of REL, and was in touch with prices.
The rest of the calls, I have not tracked that much.