FMCGIETF : Going long
Took this entry for about 5% of the net capital. The maximum allocation that I usually go for a scrip is 2.5%. But ETFs are the only instruments in which I'll go beyond that since they are diversified within themselves and thereby reduce the risk and this gives me more confidence.
The targeted price levels is the all-time high to where there is a potential move of about 9.5%. But I'll be taking actions only after evaluating the market dynamics, once that level is reached. The CNXFMCG index will be monitored carefully before taking any decisions going forward.
Do check out my post on CNXFMCG which is attached underneath to know more.
Feel free to follow me for updates on my positions and market insights. Additionally, I welcome your feedback and opinions in the comments section below this post.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
The targeted price levels is the all-time high to where there is a potential move of about 9.5%. But I'll be taking actions only after evaluating the market dynamics, once that level is reached. The CNXFMCG index will be monitored carefully before taking any decisions going forward.
Do check out my post on CNXFMCG which is attached underneath to know more.
Feel free to follow me for updates on my positions and market insights. Additionally, I welcome your feedback and opinions in the comments section below this post.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
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