May ended with Mi25 performance at +8.6% for FY2017 YTD down -7.18% from peak of 17% achieved earlier in the month. In June it was a gradual climb up back to 17.49% vs 4.3.78% for nifty and 4.22% for NSE500. The highest performance achieved was 18.76% on 21 June and current drawdown is at -1.07%
Stocks added this month:
Stocks deleted :
Strategy is now in 1.9% cash. Top gainer is GOACARBON at +82%. Biggest miss has been Jpinfratrec where strategy got tripped a day before it rocketed upwards. Anyhow, we will stock to rules and not worry about individual stocks.
Still very early days in the stategy but so far it looks good. Last couple of months have been range bound and boring. Yet, this is the nature of such systems so boring is normal and good.
Until next month – Cheers!