Sniper-Traders

Sniper-Traders

Price reached close to all time high. But I'm aware of the fact that there is no negativity to hit the market anytime soon that may push the market to the downside, as of now. Yet technically there is high probability for a sell-off and I do believe that news creates volatility and not direction. So I decided to take some chips off the table and book profits in...

Sniper-Traders

Expecting a reversal move in Nifty. A detailed post regarding the same is attached underneath this post. So booked profit in NIFTYBEES for about 3.37% of the invested capital. Since about 5% of the capital was involved in this trade, the % gain on the whole capital is high although the % gain on the invested capital might be low when compared to my usual trades.

Sniper-Traders Updated 

There is a high probability that the market will move towards 20,400, and if it does not break below those levels, it may reach 21,000. From a fundamental perspective, there are no significant negative factors on the horizon that could adversely affect the Indian economy in the near term. The government is robust, and public sentiment toward it remains positive....

Sniper-Traders

So, Nifty is at a bit of a crossroads right now. It could either smash through its all-time high and shoot up to 21k, or take a nosedive back to the lower trendline before going up again. One thing that's catching my eye is that we haven't seen a third touch in both the short-term and long-term trend channels. This makes me lean towards a potential downturn....

Sniper-Traders

Bought for about 1.25% of the capital. Pros : The company's primary production focus is in India, allowing them to benefit from various government schemes such as PLI (Production-Linked Incentive) schemes. This alignment with government initiatives reflects a strategic vision which is beneficial for both the parties. The presence of a dedicated Research and...

Sniper-Traders

There were a lot of issues going around the stock related to market coupling which I'm not fully aware of. So since I was in profit and the market was in a kind of inflection levels, I decided to book profit in the stock and allocate the capital somewhere else in which I have a clear conviction of, as of now. But I'm well aware that the price might rally for...

Sniper-Traders

Booked profits in separate levels. Half of the position was closed in breakeven levels for a mere 0.37% whereas the remaining half was closed at 3.83%. The position didn't move as expected and did crash a bit before moving in the anticipated direction. But there are better opportunities out there as of now. So decided to book profit and re-allocate the capital...

Sniper-Traders Updated 

Technical Analysis The price is currently at the low end of a channel and has exhibited an internal descending channel formation. This is a sign of a potential reversal to the upside, indicating a minimum 10% move towards the top of the higher timeframe (HTF) channel. Fundamental Analysis Based on the shareholding pattern, it's evident that Foreign...

Sniper-Traders

Currently, I hold positions in this stock, which is deemed to be high-risk primarily due to regulatory concerns surrounding taxation. My current position size stands at 1.25%, leaving an additional 1.25% allocation to reach the maximum limit per stock according to my trade plan. However, I am exercising caution and deferring the remaining allocation until I gain...

Sniper-Traders

Booked profit at 2.99% move itself on 30/10/2023. Booked it a bit early on because there were better opportunities with much better potential. Will consider re-entry if the price reverses back to potential entry levels and if the macro and micro economics are in favor at the time. The post made during entry is attached along with. Do check that out.

Sniper-Traders

Booked a profit of 15.15% on the invested capital on 15/11/2023. The move happened sooner than I expected it to. So decided to book profit since there is a higher probability for a sell-off to happen anytime soon, from a technical viewpoint. Fundamentally also, I don't see much positive sentiments, that may push price further from the current valuation in the...

Sniper-Traders

Cons : DIIs and FIIs are reducing their stake, as per the data released on Sept 2023, whereas retailers are increasing their stake. So this shows that the strong hands are booking their profits and it is not a good sign in the near term. The financials are not that attractive. The valuation is high at the current price point. Pros : Bharat Dynamics Q2 FY24...

Sniper-Traders

Booked a profit of 57.45% on 10/11/2023. The current price is at an inflection point, with a probability of a market sell-off. Fundamentally, there aren't many factors that could lead to a bull rally in the near future. Therefore, I've decided to take some profits and free up some cash. There are still some positions on the higher side, leaving some holdings in...

Sniper-Traders

Booked a profit of 27.64% on 10/11/2023. The current price is at an inflection point, with a probability of a market sell-off. Fundamentally, there aren't many factors that could lead to a bull rally in the near future. Therefore, I've decided to take some profits and free up some cash. There are still some positions on the higher side, leaving some holdings in...

Sniper-Traders

Closed the position @300.15 for a profit of about 22.06% of the invested capital, on 09/11/2023. The major reason for selling the stock is technical. Technically the stock is in a level where there is a high chance for selling pressure to kick in. So decided to take some chips off the table since there is also one more oil related stock in holding (BPCL). But...

Sniper-Traders Updated 

Although the valuation is a bit high the profitability is also high. Financially the stock is in above average levels. Pros By looking at the share holding pattern we can understand that the DIIs and mutual funds are showing considerable interest in the stock for the past few quarters. The retailers are selling off the share and retailers are mostly the ones...

Sniper-Traders

Closed the position @104.05 on 07/11/2023. Booked a profit of about 17.31% of the capital involved. This was a clean trade that moved perfectly according to the plan. Price may make a further rally upwards for about 8%. But there are chances for that move to be pretty corrective and the downside risk is also high. So as of now booking profit is the most...

Sniper-Traders

From the share holding pattern itself one thing is clear and that is the strong hands of institutions are involving in the stock from the last quarter of 2022 onwards while the weak hands of retailers are moving out of it. In a country like India where a large majority of people are still unaware of the importance of health insurance, there is high growth...