This is what happens when we take a low risk position with appropriate sizing. We took a stock which was extremely oversold - absolutely contrarion in terms of trend ensuring low probability of further steep falls. Yes Bank has given an intraday return of +6% in the first day of our spotting it. Experience says that we should book profits when they are so easily available. I would suggest to book 70% of the counter and I will update further once I am done with my modelling calculations.
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