SparklyRaccoon
SparklyRaccoon

NIFTY IS HEADING UP !! 🚀🚀

I think we are heading up. I can't see any sector that can pull the market down. We are in an uptrend and unless 21200 breaks on Nifty, we will remain in uptrend. Global cues are fine as well. The US market is undergoing a pullback and it should be contained around 4-6%.

Coming back to our indices. Oil, Energy , PSU remains the strongest. Metals, IT are in good structure. Realty, Infra are also doing the right thing. Auto remains the consistent outperformer First Maruti and yesterday M&M broke out.

The problem area was Nifty Bank and it has started to do the right thing. SBI cannot lead NB higher HDFC, Kotak needs to chip in now. NB is a Beast. If it starts finding its feet, a much higher level will come for Nifty.

I have been booking profit for the last 2,3 weeks and have raised 40% cash. Now i have started deploying it. I have picked up 5 names from this list. https://share.gvine.app/Hn9vxKmr86PkqJmx5

I have a few other stocks on my radar. I want to build new positions for eg.in M&M. But i will wait it out. I am not going to chase any kind of breakout. I want a pullback that will shake a lot of people and then I will get in. If stocks want to just fly, I'll let it fly, I won't chase anything. I want odds on my money at this stage.

I also picked up Nifty Futures yesterday, a lot of people will find it difficult to build newer positions atm as the market is stretched and rightly so, it is stretched. But the best of the rally happens in the stretched Market.

I don't mind if i am wrong. I have my stop losses and risk management rules to protect me. I follow a certain process and i will keep following it.

Lets go to the moooon 🚀🚀

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9mo ago
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CosmicPanda
CosmicPanda

Can someone teach me about stocks and finances ?

ZestyQuokka
ZestyQuokka

+1 Me too

SparklyRaccoon
SparklyRaccoon

Tumko kya jaroorat hain paiso ki Biryani , itna paisa to hain tumhare pass.

ZestyCupcake
ZestyCupcake

Raising cash to benefit the correction is a good idea. US is a heading to a soft landing. The inflows to India market will not be that substantial. It would still be a broad based rally at different intervals. All strategies would eventually work - either you stay put or move your money around different stocks or sectors. But the smarter will create a substantial alpha.

SparklyRaccoon
SparklyRaccoon

You have explained it nicely. Every tom dick and harry would make money in such a market. But the difference between them and me is the alpha. I will be having a substantially higher alpha than 99% of market participants. Even triple digit returns are possible Hahaha.

GroovyLlama
GroovyLlama
Student9mo

After 2024 Election Results, Epic bull run begins for Bharat for the next 30 years.

There is no looking back after that.

FuzzyPickle
FuzzyPickle

Wait for another 3-4 month. Atleast 10% correction

SparklyRaccoon
SparklyRaccoon

I think correction is going to be around 15-20% this year. But that doesn't mean I won't participate in the rally. Opinions have 0 values until the chart confirms it.

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