09-July-2023
There is no running away from the fact that Q1 was a disaster with markets reaching new heights. I have cumulative losses of INR 425k. Following the principle of not adding new capital, the losses were recouped for time being from selling #IDFCFirstBank equity which net gained INR 609k. It's just a condolence trade, but I need to see how to recover the losses. Anyways, I am taking a short break to get back in my normal mindset and not to do anything crazy. The principal and left-over gains will be going to the #Infosys. It has already run up by a few percentages before I could buy the target. I still have like 500k of buy left. I will wait for the price to fall back close to 1300 levels.
IT is slowing down due to recessionary fears, and I feel it's a good time to double the investments on the IT sector. Therefore, I am moving a lot of new money that goes into the mutual funds to this sector for few months. I am going to have the highest exposure to this sector after banking. The banking exposure have come down significantly after I sold IDFCFirstBank equity.
Hope this year will be another net green on F&O :)
Happy Sunday!!
vA
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