A unidirectionally downward week with sharp fall for four days and a sharp retracement on the fifth. Nifty fell nearly 500 points in the week and intraweek about 750 pts.
Bank Nifty was similar and closed a 1000 pts lower with intraweek lows were near 1500 pts dip.
For Monday 28 SEP 2020, the proposed changes are:
Mi_LT_CNX200 : 1 exit
Mi_MT_Allcap : 2 exits, 1 add
Mi_ST_ATH : 2 exits
Mi 25 : 2 exits
Liquid bees is not being included as an add or exit.
If any stock is at a down circuit, and you are unable to exit, please await its circuit to open and then sell . If any such eventuality is there we will adjust the smallcase index to the extent of the difference in the Fri close and the date of circuit open for the stock.
In the LIVE product strategies, there was some damage but nothing out of the expectation. In some portfolios we were handsomely gaining on GMMPFAUDLR to the extent of 75-100% and we may give up most of that gain. Given that our exposure is 2-4% of the portfolio there is no worry. Again as per fair practice we have always followed, the model will assume the price of the stock when the down circuit is open.
https://youtu.be/RViGGmxOk9A
An important update related to SEBI guidelines will be put up in next 2 days
That is all this week. STAY SAFE and stay in peace !
