Another week of nothingness on the markets went by . Nifty tried to break out of this channel but failed to hold and crashed back inside and spent the whole week more or less in a range.
Bank Nifty pretty much slid through the week and broke below an important TL on thursday
The Nifty Implied Vol is at 23 and that of BankNifty is at 37. We use these for position sizing in our LONG SHORT product STAIRS
The weekendinvesting small case products have done well this week and for the year so far barring the Long term case.
Mi_LT_CNX200 : ADD 2 new stocks.
Mi_MT_Allcap : NO CHANGE
Mi_ST_ATH : Replace 1 stock.
Since Inception in Apr 16, all these strategies have beaten the benchmarks by a wide margin.
A good news I wish to share here is that I will be adding all our LIVE products to the smallcase platform gradually here on starting with Mi25. Please look out for these proven strategies that will now come with the ease of smallcase operations!
Another happy news is that Weekendinvesting smallcases users swelled by 50% in the month of July 2020 thus confirming the efficacy of the smallcase platform and the performance of the weekendinvesting smallcases.
In the LIVE product strategies, all products gained handsomely with Mi25 and Mi50 standing out. The over diversification of Mi50 has not impeded the performance in any way contrary to popular belief. All in all the LIVE products provides a mature ground for more diversified and lower risk strategies than the smallcases.
STAIRS gained early in the week but due to a whipsaw on Banknifty it closes flat for the week
The options tests are going well. The strategy yielded some ground this week due to the ranged markets. The weekly option model is still my choice. Will need to test more types of strategies in coming weeks.
This is all for this weekly update. Have a SAFE weekend!!