mi50 closed at +6.1%..

The week was tepid on the benchmark with Nifty losing more than a percent but Mi50 picked up more steam and closed at its highest level at end of the week.

Of the 51 trades since inception, advance decline is at 31:20 and avg gain is 12% vs avg loss of -3%. The parameters look good and much above expectation so far.

Sugar exposure at around 18% has helped a lot, driving home the point not to get afraid of stocks running far ahead of the market.

There were many new probable trades but mi50 is fully allocated so we wait for a open slot to trade.

Have a happy worry free weekend!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.