Mi50 ended the week at 43.1% (vs 40.13% last week). The Nifty and CNX500 closed at 8.5% (6.5%) and 12% (9.8%) respectively. Mi50 outperformed both the benchmarks for the week.
The two adds this week are both Speciality Chemicals Companies. There were no exits.
The cash is fully deployed now ( 0.4% remains) . We have 46 stocks in all.
The drawdown has reduced to 4.6% vs 6.59% last week. We are moving fast towards the party.
The Profit distribution chart for current stocks:
All seems to be steady and well for now. All eyes now on the run up to the budget and the hopeful dry up of the FII sales.
On a totally different note, there is increasingly a huge influx of Artificial intelligence based algorithms in trading as well. Historically, over hundreds of years, human emotion has driven the markets and trends. Will this change in the decades to come? I would like you to hear your comments and insights on the same.
Have a great weekend!