Polycab 2000+ 🚀🚀
One of the continuous performers in our portfolio. One way journey from suggested level of 1335.
Hold tight with trailing sl. Currently my sl is 1790, will keep shifting it up based on imp support levels.
Somany firing again 🔥🔥
468 to 628, 34% returns in 26 days
Approaching final target ✈️✈️
Once again a perfect entry & hedging strategy working well.
Already 1.6k profits in this spread as well. Safe investors may book profits, others can hold.
Risky trade
Entering 6th Nifty spread of this month 👆
Sell Nifty 15700 CE
Buy Nifty 15850 CE
Remember we have booked profits in all previous 5 spreads.
Only if you understand the concept of options & risk associated.
Suprajit - many queries today on this scrip when it fell down sharply due to a sudden block deal when huge qty was offloaded by some big players.
While its not something we can do much about, but there is alwayz some learning behind each action that takes place in market.
1. As I repeatedly say to trail SL when a stock price moves up by more than 5% from your cost. If someone has done the same yesterday, he/she would have booked profits when trailing sl got hit around 310-315
2. When the stock fell down today, it reversed just before our SL as suggested. Learning is that you should never place sl randomly, it should be based on proven technical logic. Chances of sl hitting reduces if one follows the same
3. What now? As you know, I don't compromise with quality, this company also has sound fundamentals & no issue in holdinhg this stock for long term perspective. Not suggesting to add fresh for next few days atleast.
Selling may continue due to panic & chances of it falling further are there. So keep strict sl & hold without tension.
As I said in the morning, pls don't take it personally when sl hits & follow your principles consistently. Such absurd events will keep on happening in market, we can just follow our principles.
2.6k profits in this spread too & running. Will hold this spread for some more time.
All 6 nifty spreads entered this month remained in profits.
Another 2k profits from 5th spread. Overall profits 7+2 =9k
All 5 nifty spreads shared this month ended in profits. Hedging strategy worked perfectly in this market.
550, 17% returns by now from recommended level of 468.
Trailing sl becomes imp now.
Cheers 🍺🍺
Here you go with some additional data on Suprajit bulk deals today 👆👆
Clearly sell side has dominated the buy side as big players have sold 6.9% of total equity in comparison to only 4.3% equity bought.