Another week of nothingness on the markets went by . Nifty tried to break out of this channel on the downside early in the week but failed to hold and crashed back inside and spent the whole week more or less within the broad range.
Bank Nifty is also pretty trend less and is tip toeing near a support of 21000 below which a sharper down move may be possible
The Nifty Implied Vol is at 21 and that of BankNifty is at 31.4. We use these for position sizing in our LONG SHORT product STAIRS. We are still trading at half leverage on the BN in the STAIRS program.
The weekendinvesting small case products have done extremely well this week and for the year.
Changes for coming monday are :
Mi_LT_CNX200 : ADD 1 new stocks.
Mi_MT_Allcap : NO CHANGE
Mi_ST_ATH :NO CHANGE
Since Inception in Apr 16, all these strategies have beaten the benchmarks by a wide margin.
Mi25 our top performing LIVE product will be added to the smallcase bouquet also this weekend.
The Mi25 strategy is based on small cap stocks and the smallcase will be suitable for portfolio size of 5 to 15 lacs approx. The annual plan is being launched at 14999 ( GST incl) and a trial 3 month plan at 4999( GST Incl)
A special one time limited offer will be there for the existing Mi25 LIVE users if they wish to join the smallcase at 50% off for the annual plan.
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 largely remained flat for the week
The STAIRS options tests are going well. Will be doing more tests in month of August. All STAIRS users can see test results in the master sheets which are updated daily.
This is all for this weekly update. Have a SAFE weekend!!