My portfolio update - 28th June
The market environment has been changing and over the last week buying stocks in cash has been offering a greater risk reward rather than trading options and we have been busy buying into select stocks for a short term swing trade
✅Most of the stocks are beaten down and are in a down trend the idea is to gradually increase your position size as the trade gets profitable.
✅We use time based stops & stops based on the fundamentals of the business
Initiated long positions on ⬇️
➡️ Balrampurchini
& added to my existing positions on
➡️ IRFC
⚠️ Keep in mind the stocks are in a down trend , only invest in those stocks that are backed by the fundamentals & have a positive growth outlook
⚠️ Disclaimer
Information shared is for educational purposes only kindly do your own due diligence before initiating any trades
Wishing my friends a fruitful and profitable trading day
As for the Nifty 50 -
➡️The nifty seems to be in the range of 15675 to 16300
➡️Levels of 16000 acting as the point of control
➡️ The momentum remains in favour of the bulls
⚠️ Disclaimer
Personally our focus remains on initiating Positional stock trades ( cash & options segment)
Make sure to kindly do your own due diligence before initiating any trades
Wishing my friends a fruitful and profitable trading day 👍
Cheers ☕