The Good Bad and Ugly weekly review : 18 Feb 2022

Performance Update

Markets have been on a consolidation mode for quite some time after setting a new peak in Mid October 2021. This week started on a catastrophic note with Nifty losing a big 3% on valentines day while also coming close to breaking the important support of 16830. Thankfully the very next day closed with a (+3%) to prevent further damage on the downside. Smallcaps lost the most with (-3.15%) while Nifty 50 did well to close flat. Amongst the sectors, METALS & PSU BANKS lost about 4%. In the last one month, IT & REALTY have corrected by close to 10% each. It was indeed a tough week for all WeekendInvesting Strategies where the corrections continued. Let’s hope markets will be kind enough to help us get out of the drawdowns and close this FY on a strong note.

Please click on the link below to read the full report.

Leave a Reply

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

You are commenting using your 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.