STOCK MARKETS - THE FALL

Today market is up by 804+ points, just because Modi is winning!! ☺️☺️🤴🫶.

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 :)

We are so back. 🚀🚀

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 😂

Here is the link where i mentioned about the SBI trade, I am fully scaled in with avg Price of 638. https://share.gvine.app/sugCF7MjAeSSFkvh6 I have explained everything on the chart. Ideally the price should consolidate for a few more sessions, even fall some % points, before moving higher. If this is an aggressive trade SL can be around 5950 on a daily closing basis, mere violation is not enough. For Positional trade (12-18 Month) SL should be 5200. MARKET COMMENTARY :- For the last 2,3 weeks, i have been booking out profit and have raised 40% cash as the market was getting extended for my liking. But the market is not showing any signs of slowing down, Last week Nifty oil& Gas, yesterday Nifty IT, today Realty, metal. If Bank nifty starts to chip in we'll head a lot higher. Every other day 1 or another space is setting up apart from main indices. Eg. Broking/AMC companies (BSE, CDSL, Angelone, Tata investment) in the last 2,3 days. Our biases have 0 value until the chart confirms it, So i have bought Nifty FUT last week to up my exposure to 100% again. I am also inclined to take positions in stock like SBI, JSW STEEL, WIPRO, APAR IND etc Where i have RISK:REWARD in my favour. But newly built positions have to be monitored closely. I will not be scaling if things are over extended like for eg. TATA M, CANARA BANK, DLF etc. MARKET IS SUPREME. Don't miss out on the rally on basis of your biases.

Below i have given links to my last few posts go through them to understand what i have done in the last 20 odd days. I was mentioning it from the month of Feb that Banks, FMCG , Metal are the sector where Risk : Reward lies in the market. Check it here - 1. https://share.gvine.app/GiMiy13zbhGLgrT97 I did give out stocks i am going behind for this cycle. Check it here - 2. https://share.gvine.app/cpfpbGgLVp441B2D8 I did go long in Bank Nifty FUT around 47100 Check it here - 3. https://share.gvine.app/8aJtMzoHxdWv7hPv5 I built my positions in Jindal S , Tata S , COLPAL, ABB , SIEMENS , ICICI B , BANK NIFTY FUT , Nifty FUT and SBI. From my entry point :- Jindal - +14.51% (Entered at 805) ABB - +14.35% ( Entered at 5880) COLPAL - +3.45% (Entered 2650) SIEMENS - +15.75% (Entered at 4880) ICICI B - +1% (Avg price is 1070) TATA S - +16% (Well i am holding Tata S from 115 levels i picked it up on 25 July 23. But i have entered again as a new trade around 140 on Feb 24 ) BANK NIFTY FUT - Long at 47100, till now have captured 1550 points. Picked up 2 Lots Nifty Fut - Picked up 1 Lot at 22,220, captured 300 Points Go through the links, i have mentioned above, i have updated everything here in real time. I did not explicitly post for each trade for that i will have to post on a daily basis. But i did mention where i am looking and where the opportunities lie with RISK : REWARD. Again risk : reward is of utmost importance for me. I don't like to talk about numbers but i will do it this time to show you that simple things work very well in the market. From 18th March - NIFTY 500 - +4.5 % Bank Nifty - +3.72% Nifty - +2.05% My portfolio is up 8.72%. I have outperformed every benchmark index by a margin. And this outperformance will continue because i have gone behind the leaders of this upleg. Now i expect all of these stocks to pause a little and absorb the supply before moving ahead. What next ? Check comment.

Are we buying more or getting out before it goes bust?

Here is the post where i mentioned about 3 live trades. https://share.gvine.app/pUjNH4n7qnU3kYgM9 SBI - I have added more of SBI at 732 today. If i had 500 quantities, I have added 250 more. GENERAL INSURANCE - IT went up 25% and gave back all the gains. I am still holding, a good amount of shakeout has happened. APAR IND - Nice bit of shakeout here as well just around buy price lets see. Still holding. New positions i am currently building in - SBI - Added Today RELIANCE - Added Today COAL INDIA- Added Yesterday GAIL - 33% today BPCL - 33% Today HINDPETRO -33% Today J&K BANK OIL INDIA Angel one NIACL KARURVYASA B UFO MOVIES INDIA For some stock i am using 1 time scale in SBI, Reliance,Coal India. For the names which are stretched i am using a pyramiding approach .ie. 33% in 3 rounds. If the market reverses these stretched names will fall a lot so I don't want to take a lot of risk. I will keep buying until Nifty is above 50 DMA. The moment i see it slipping below it, I will stop buying. Its good sign that Nifty Bank is stabilising and trying to move up. Also the current sector leader .i.e Oil and Gas, Energy, PSU, PSE are recovering well after a fall.

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 🚀🚀