Profit booking in stocks?

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.

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns. My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets. Any ideas by others?

A win in its own sense. I invest in mutual fund as well which is worth 27L but this is direct equity portfolio. AMA

Do you rely on moving averages, Support and resistance or do you add anything else as well. Would love to know your approach :)

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.

Hello Viners! I am thinking of withdrawing funds from MFs I have invested in with LTCG ~ ₹1 lac and reinvesting the entire amt into the same fund. This is to book gains and avoid taxes. I know STCG will have to be paid which i am okay with. Anything fundamentally flawed with this process or a normal practice? Thanks!

Everything seems to indicate that this is the beginning of an extended bullrun till the elections. What is the game plan? Personally, I am all in. First time since 2020, that I have a net zero cash position.

There is a saying that "when there is greed be fearfull and when everyone is fearfull be greedy". Now every tom dick and harry is talking about investing in market and earning great returns. Are we in a bubble ? There is no easy money in markets but currently u will get lot of advice on which stocks to buy from everywhere. What should one do? Pause SIP , remove all money from stocks park it in Liquid fund, FD, bonds, do nothing? Thoughts

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 🚀🚀