mi50:In-line performance week, 4 additions1 min read

Mi50 closed the week at 37.52% vs 35.37% last week. For nifty and CNX500, the week ended at 6.8% and 10.1% respectively. The trend over the last many days is suggesting we may be have seen the intermediate bottom on 21stNov.

image

The draw-down recovered from 14.6% to 12.5 % . The recovery was in line with the market despite the large cash in hand position.

The additions in mi50 this week are :

9/12/2016 DATAMATICS 96.69
9/12/2016 IMFA 493.98
9/12/2016 ARCOTECH 410.84
9/12/2016 ARIES 161.58

Sector-wise there are two additions on Non ferrous metals, one IT and one Agri based company.

image-1

Demonetization effects/fears have been unfortunate for the Indian markets. However with  the dollar strengthening post Trump win , we would have anyways dipped along with the other emerging markets. So we get good riddance to two negatives simultaneously. This should pave the way for a monster rally into new highs going into 2017. Budget chatter to start soon. But first lets get the Fed hike out of the way!

Have a great weekend!

Related posts

May 26, 2021 by Weekend Investing
August 14, 2018 by Weekend Investing

Practical insights for wealth creation

Join the thousands of regular readers of our weekly newsletter and other updates delivered to your inbox and never miss on our articles.

Thank you. You will hear from us soon.

Mail Sent Failed !

    vector
    guest
    0 Comments
    Inline Feedbacks
    View all comments
    JIGS
    JIGS
    6 years ago

    You did not mention cash system is suggesting ;-). Let me tell you if you override system with your gut feel or intuition based discretion results could be negative. My 2 cents.
    According to my system Nifty rally could fizzle out next week and we are in for sharp down turn of 400-500 points immediately post FED hike. durable Bottom only in Feb I guess.
    On demonetisation I think market is least interested. It is just following global EM trend.