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.
SBI has moved around 20% for me. I'll explain how I plan to manage this trade ahead.
You can read how and why I picked SBI here -
https://share.gvine.app/yYujDrw15CLsLxC59
I have created my Substack, & I will begin posting there next...
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 , ...
I had explained in the last post the sectors i am going behind from here on. These were Banks, Metals and FMCG. Banks are resisting the fall even today & are broadly up. Check it here.
https://share.gvine.app/GiMiy13zbhGLgrT97
SBI,ICI...
Link to my 1st Post where i discussed about SBI.
https://share.gvine.app/yYujDrw15CLsLxC59
I have scaled in 70% in SBI. (Avg 635). Bank Nifty is struggling but this is the Risk Reward kind of trade for me.
I just took 1 trade in Small...
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 new...
