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 🚀🚀
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.
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.
After 2024 Election Results, Epic bull run begins for Bharat for the next 30 years.
There is no looking back after that.
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 , ...
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 mar...
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 mor...
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...
We are so back. 🚀🚀
