Performance Update

Despite gaining (+2%) to (+3%) , all benchmark indices remained volatile as expected during the budget week. FIIs seem to be continuing to sell amidst rising US bond yields while DIIs were net buyers. Nifty 50 is trading in a crucial range between resistance of 16410 & support of 18350. Whether we might get to witness a break on the upper side is anybody’s guess and as momentum investors we will PEACEFULLY follow the markets and spend not more than 2 mins a week with our portfolio. Almost all sectors did well this week with positive gains. On the monthly performance, IT has been under the pump with (-10.9%) losses while PSU BANKS topped the sectoral table with (+14.35%) gains.

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