Nifty has been making higher highs and higher lows since the start of the FY 24 thus confirming the bullish trend. FIIs have injected 27856 crores in the month of Nay 2023 which further adds to the overall optimism surrounding the Indian markets along with the strong GDP numbers that came out recently. Nifty stands at an extremely crucial level between 18550 to 18750 which is an important resistance zone as we hit a fresh ATH twice around these levels and witnessed an immediate sell off. Surpassing these levels with strong momentum can potentially result in a lasting upward trend. Fingers crossed.
Smallcaps & Midcaps continue to lead the rally having clocked 2.4% and 1.9% respectively while Nifty has relatively been the weakest among the benchmarks with a flattish 0.2%. Smallcaps have taken a roaring start to FY 24 clocking 14.2% and are under 5% away from a new ATH while Mid-small 400 became the first one to hit a new peak last week.
REALTY continue to be extremely strong this week clocking 3.8%. This sector has been superbly trending amassing about 32% since bottoming out on 29h March 2023 to emerge as the king of sectors in the current FY too. AUTO’s and CONSUMPTION take the next two spots with 17.5% & 12.5% respectively.
Mi 50 has done incredibly well riding on the strong trend in mid & smallcaps. The strategy has returned 16% this FY 24 hitting a fresh all time high in the process. This week has been extremely good for most strategies barring one or two. We are witnessing sustained optimism in the markets after quite some time and we hope this continues as we go ahead.
A SHORT COURSE to Help you Stay Calm in All Market Conditions
Usually, quick – sharp corrections amidst a Bull Run creates ambiguity in the minds of lots of new investors. The most important question we often get asked is whether markets will crash from here. Should we exit? and a few other questions like these. We have made several videos to help you clarify many such questions and help you have the RIGHT MINDSET for a rewarding journey in investing.
We have put together a few of our previous Daily Bytes which we think might be relevant for times like these. Do have a look and send us your thoughts, questions or comments if any.
The smallcase products are all LONG ONLY products that invest in various subsegments of the markets but have the momentum theme underlying in all of them. The strategies will pick strong outperforming stocks and remove weak ones once a week (except Mi NNF10, Mi EverGreen & Mi India Top 10 which is monthly rebalanced)
These are all long-term strategies that will create enormous wealth in each upswing and then maybe give some back in the downswing and repeat this process again and again achieving the compounding effect. With patience and grit to follow strategy over ups and downs over the last nearly five years, it has been shown that much superior CAGR returns are possible than the benchmarks.
We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance. A backup email is sent by mid-day Monday if you have not rebalanced by then and yet another one a day later.
Note: We are not including LIQUIDBEES as an ADD or an EXIT count.
The performance of all strategies across various timeframes are listed below.
Many of you had asked us to make the index series of all WeekendInvesting Products available so that you could perform your own analysis and studies. You can find a link to the LIVE sheet here and also on the HUB under the support column in the content tab.
WeekendInvesting Telegram and YouTube Channel
We post daily content related to investing on our Weekendinvesting Telegram Channel and YouTube channel to help our community take stock of the performance of markets, sectors & our products and touch base upon a new topic every day. We look forward to having you all there! Several videos in this blog are from this series.
STAIRS is a LONG / SHORT derivative strategy that is designed to offer an uncorrelated diversification option to your equity portfolio. STAIRS will do well when there are up trends & also when there are down trends while giving up some of the gains when markets remain rangebound/volatile.
You may go through our latest weekly report for more details.
All STAIRS models go in line with our fundamental philosophy of making the most and compounding aggressively when markets give us trends and go very defensive as trends fizzle out and enter a rangebound territory, thus providing robust capital & profit protection.
Effectively – STAIRS is a complete trading system (Futures & Options) that covers each of the following decisions required for a successful trading outcome:
• Markets – What to buy or sell?
• Position Sizing – How much to buy or sell?
• Entries – When to buy or sell?
• Stops – When to get out of a losing position?
• Exits – When to get out of a winning position?
We also run a dedicated telegram channel for STAIRS which you may join using the below link.