Selling pressure intensifying. Any opportunities for trades?

Not financial advice, do your own research Markets are ripe with opportunities, hope snipers are in position with enough ammo.

Currently Market is offering an excellent Risk : Reward. I know how hard it is right now to build positions, that is why i have a focused approach(Nifty 100 only). Whenever the market is going to give you Risk : Reward things are not going to be rosy. I carry out 1 exercise on the weekend to check the market breadth when markets are falling. I couldn't post last weekend but i will try to post it this weekend. It immensely helps me in building a hypothesis. In my post i mentioned that buying Opportunity currently exists in the market but Risk : Reward wise Banks, FMCG , Metals are an excellent bet at this stage. Also stocks from Nifty 100 are exhibiting strength wrt to Broader market .ie. Nifty 500, Nifty 750. Check out here - https://share.gvine.app/df3TRVcpCV5VF81M7 I have gone behind Bank Nifty Fut today but with 50% of intended Scale in. I will scale up another 50% after some stability in Nifty. I have gone behind Bank Nifty FUT and not options. The journey is not going to be smooth on the upside, momentum is missing so dabble into options only if you understand risk. Now, I have started to build a newer position in a few counters but they are from the Nifty 100 list only. For the time being Nifty 100 is my only universe. I am tracking stocks from small cap, mid cap space as well but i wont buy anything unless those indices become stable. ABB, HAVELLS, COLPAL , ICICPRULI , JINDAL S, TATA S. Except Havells all of them have given an entry opportunity and Risk : Reward is great. TATA M, M&M, DLF are eg of stocks that will offer opportunity. In one of my posts I mentioned that i want to go behind M&M but risk : reward is skewed. Now i might get an opportunity. Out of Auto, Realty i will just go behind 1 Stock. Global and US markets are stable. Let's see what we do. I have my Stop losses in place, if things start going south, i will simply cut out.

Check comment for update on silver & next sectors. A lot of things have happened since my last update. I was caught in election volatility & booked out 50% of my positions. I was hoping for further slippages in the market, but prices started recovering the next day & eventually, I built everything back in the next 2 days. Currently from last week i have started booking out profits from my positional trades. 1 day before the election my portfolio for this FY was up around 26% & due to election volatility it came down to about 9 %. It is back again to the previous levels, a bit above. I wont sell my top 2 stocks but i am booking out the rest gradually. Now the rationale behind locking profit is that, in the last month, the portfolio fluctuated from 26 - 9 - 29. If markets go into trouble, I don't want to give back 20% twice to the market in 1 month. If I have 100 shares, I book out 5-10 every day, so that I can get a good average if the price keeps moving up. I have already booked 50% of my total positions. This process is called BOOKING OUT ON STRENGTH. I am taking advantage of the parabolic move. Us markets are currently thinning out & a handful of stocks are taking it higher, soon our market will experience the same. As of now there are no triggers in our market. But it just takes 1 session for the sentiment to change. Now, I cannot let my money sit idle in my account, that would be foolish for a trader. What I am doing is getting into sector ETFs of Banks, It , Auto. ETFs are less volatile, if the market is going to move 5-7% more from here until Budget, my returns will be in tune with the market. I am fine if I don't outperform the market for the next 5-7%. After budget i will reasses the situation and will get back again into equities. It is also a good feeling to book out & bring that money home. Whenever opportunities arise in subsequent quarters I can hit it hard & go full throttle since I have a good cushion.

The broad trajectory of the market is going to be up with volatility. Some adjustments need to be made to the trading style. https://share.gvine.app/yXc9GETSiWn8c2Uz8 In this post i had stated that ICICI is setting up for the move. I entered 50% last week, and i have fully scaled-in this week. There are 2 themes in the market right now. The one that has momentum for eg, Nifty Oil and Gas, Energy , PSU, AUTO. These sectors have underlying momentum but risk reward is not great, these can exhibit crazy movements but volatility can kill your trade. Other themes are Bank Nifty, FMCG, CONSUMPTION , METAL.Risk reward exits here. These sectors are under performing and undervalued in the current market context. From here on i am only going to build new positions in these sectors. For eg in Bank i have built positions in SBI, ICICI, now Axis if it sets up. SBI is taking its sweet time, consolidation is healthy. I want to build another 200 quantities so i am buying 20 25 stocks daily to take advantage of the volatility. It will set up again and move up. Let's see how things progress.

Given the election season is about to come, any surprises will factor in very hard especially at current levels. Can consider hedging soon. If the incumbent government gets a stronger majority then we will definitely witness an unparalleled rally.

I wonder if buying Calls and Puts at the same strike price will work really well 🤔

This was my last market update. I built a portfolio in real-time, explaining what I'm doing and why I'm doing it. https://share.gvine.app/VaSwtbqJVzF384YRA I have given a list stocks in the comment section where i want to build newer positions. I have given some psychology related tips as well. Check them out. Out of the list Jindal, ABB, Siemens, Colpal, ICICI B, TATA S I did cut down on ICICI Bank and Colpal last week as they were around 2-3% gain. I found another opportunity in Havells as well. Although I didn't make a post about it or update it here, I did discuss it with @TheOatmeal in the DMs when i got in. My avg Buy price is 1575. I have certainly been very lucky in this cycle. Well it's not just pure luck i did identify leaders of the current run and have been doing this for quite some time now. But the moves in my portfolio have been amazing and pretty smooth during recent fall as well. My top 3 winners are - Jindal - +23.14% ABB - +39% SIEMENS - +44.32% These 3 stocks have given me a lot of cushion to operate further. None of the above 3 stocks violated their trending pivot during the market fall. I made a few posts about SBI and that trade is still on. Check it here. https://share.gvine.app/yXc9GETSiWn8c2Uz8 https://share.gvine.app/yYujDrw15CLsLxC59 Today's session was excellent. The Nifty moved around 300 points in just 20 to 25 minutes, potentially wiping out months of gains for option writers and cleared up all the short term bearish players out of the system.Such moves in a single day can decimate months and months of hardwork. Just stay away from options if you can. VIX often rises during election years, as seen in 2014 and 2019. I will only be concerned if it crosses 30 and stays there. Otherwise, it's not worth overanalyzing.People link rise in VIX with Possibility of government changes but if the market senses a shift, 8-12% would just go in a few sessions. The market will not give us a lot of time to manage our positions.

Every Newbie market participant wants the market to fall. People with some experience like me feel that markets are very stretched and it should fall. Even a seasoned trader/Investor would say that markets have gone up a lot and it should be correct. Almost every participant is in the same boat hoping and waiting for a sudden fall to come any day 😂 I don't think markets are going to fall when everybody is cautious. It may remain in a broad range of 5-7% on both sides, frustrate a lot of participants until election and then move in either direction. Meanwhile stock specific movement will continue on the upside. It's so funny that everyone is patiently waiting and hoping for a fall 😂

This was my last post where i mentioned that Nifty 100 is the way to go ahead if one wants to build newer positions. https://share.gvine.app/8aJtMzoHxdWv7hPv5 Stocks like ABB, SIEMENS, PIDILITE , COLPAL, MARUTI, LT, JINDAL S, TATA M , SUNPHARMA are few names that have offered Entry opportunities. When i am getting a good Risk : Reward, i buy whatever i wanna buy in 1 time scale in. Out of the above list SIEMENS, ABB, MARUTI, COLPAL started moving before the indices. Generally these stocks are the leaders of the next upleg . Such stocks need to be tracked closely, they will offer plenty of opportunity to those who missed it. More often than not they will outperform the market. Don't chase any stock that is flying eg. Maruti, ABB wait for Risk : Reward to come in your favour. If it gives a mini pullback, get in, if not then let it fly. Look for another opportunity. I have also built positions in Nifty Future at 22,220 today. In my last post i updated about entering Nifty Bank, that trade is still on and i have captured 700 odd points, Let's see what happens in days to come. Pullback got confirmed today in Nifty. It broke out of the high volume node range, valid pullback ended , it kept bouncing above multiple AWAP levels (forgot to add that in the photo). This was a confluence of data points for me. Getting in the market at the right time is very crucial. If one gets it right, the journey ahead for the next upleg is relatively easy. The market will shakeout late participants, if you get it right, you get a lot of cushion to work with and you wont be shaken out of the market that easily. We are moving up in the medium term. If i see anything changing or i cut my positions, i will update here. Bank nifty and nifty is a deadly combo, i hope Bank Nifty keeps chipping in on regular intervals. Happy Trading :)