Good day people,
Not much to go into dive today, as promised heres the update.
Companies | Weightage | Cost | Gain% |
---|---|---|---|
Krsnaa | 34% | 605.3 | -20% |
Cash | 40.3% | N/A | |
Sandhar | 31.6% | 252 | -8% |
Msumi | 3.9% | 81 | -3% |
Affle | 11.7% | 1170.71 | 5% |
BDL | 5.3% | 856.6 | -1.33% |
(Overall adds up to >100% because of realised gains not being considered as Capital)
My PF | CNXSMCALLCAP | NIFTY50 |
---|---|---|
15.5% | -19.51% | -4.49% |
(From oct 20th 2021)
First off, the new major changes are the wing trades that I have entered namely, BDL, Msumi and Affle.
Technical rationale.(None are buy/sell recos much less from an amateur like me)
-
BDL
Broke from a clear VCP. Notice the price and volume, there is a clear contraction to the right before the breakout. I however entered well past the breakout in order to stay in strength(Big green days smaller red days). Looking a bit weak, may sell. -
Msumi
May be a typical IPO breakout. Tightening is clear but it did get weak on Friday(when a sell order on a 40% of shares held got triggered and I booked the very minor loss). Weakened, may sell remaining too. -
Affle
Affle is the best trade yet(+largest positional trade). Initial buy in was at 1145 right after some tightening(see the last few day before the breakout). I then bought some more and my average cost moved to 1170. Trade is 0 risk now, as SL is higher than buy in. Can ride this out.
General Market
But aside from individual stocks, I remain a bit bearish on the broad market and in the medium term bullish on smallcaps. Please take this with a grain of salt, I dont base any of my trades purely on nifty but I do check it to see where we are. The following is my amateur interpretation.
Nifty broke out of a series of Lower Highs in what IMO is an unsustainable rally. I do think a minor correction might begin.
This broad market recovery was mostly large cap recovery, small caps and mid caps continue to languish a bit more. My own PF declined throughout the recovery(largely because Krsnaa)
If we nifty does breakdown over the Lower high I would have to be cautious with my swings.
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