- Wealth PMS (50L+)
I know it’s late and I’ve been preoccupied with Diwali and all : Happy Diwali to you all! Wishes for a prosperous year ahead.
Quite ironically, I’m out of nearly all of my trading portfolio. Only things left in there are: Reliance,L&T and Mudra Lifestyle. I have a credit put spread that makes some money if the market goes down.
I expect a huge downside from here. There may be a temporary move up, especially in the midcaps, but I think from here the immediate future is down, and the future a little bit ahead of that is: down.
I’m out of trading. Some long termers on investment remain – like some RPL, Reliance, Opto, Moser (only the bonus shares, for tax reasons), Ranbaxy, DRL, Nifty BeES etc. I continue to run them on a trailing stop loss basis.
Portfolio wise, some extreme reversals have caused me to retreat to index returns, but I am nearly all cash and by the end of the month expect to actually beat index considerably if I am right. Going forward, this is not going to be a good year for the bulls, but it may be a worthwhile year for traders who have no problem going short. Let’s see. Have fun, folks.