RUPEE COST AVERAGING – NEW THEME FROM MANIPULATORS (2min read)
Nifty closed at 17604 (-287pts / -1.61%) but even worse is Bank Nifty which fell 3.13% ie 1302 pts.
Investor Mood
> Suddenly some of your portfolios may become red. But #investing and #trading are different. I have a strategic portfolio and a tactical portfolio.
> In a falling market we will have 2 sets of emotions – FEAR – should we sell off our portfolios? & GREED – should we buy more to average our losses?
> Answer to both emotions is – TAKE INFORMED DECISIONS without any emotion. Not based on News… Because most of the News is manipulated!
> Follow the principle … ‘Winners will be rewarded and Losers will be Punished’. Discuss with your #wealthadvisor on how to tailor your portfolio for 2023.
> I will NOT BUY before 17000. Keep looking out for my posts.
> Our strategic portfolio should not be in red! If it is in red, you need to have a chat with your #financialadvisor. The tactical portfolio may become red if we have more losers than winners. Don’t worry, either hedge or rebalance.
Market Mood
> Nifty has taken support / bounced from 200DMA. Breaking 50DMA, 100DMA, and touching 200DMA in 2 days is no joke! The market is at high-risk levels – If 17550 is broken ie 200DMA, positionally the market will go down below 17000 levels in segments.
> If it bounces from 17550, then the market might consolidate and hold. Suggest trade lightly till Budget.
PANDA2X (Hedge Trade)
> Raining Profits. Next week will book all positions before Budget.
> We have positions created to ensure that our portfolio meltdowns are covered.
> Safely tread the high VIX market.
#nifty #sensex #banknifty #wealthmanagement #wealthplanning #financialplanning #financialfreedom #financialliteracy
(this information is for educational purposes and not advice for investing or trading. Please consult your #financialadvisor before trading or investing)