Performance Update

Markets continued to remain volatile and weak amidst uncertainty around several factors that are already known to all with Nifty 50 trading below it’s 200 DMA for the entire week. The weakness may continue if the tension around Russia – Ukraine issue does not ease. Smallcaps having closed flat, showed relative strength compared to other indices. In the sectors, Banking took a beating this week with PVT BANK , NIFTY BANK , PSU BANK falling by (-5.51%) , (-5.55%) & (-3.2%) respectively. Top performing sectors of the current FY like METALS (+7%) , ENERGY (+3.8) , IT (+2.1%) showed very encouraging signs of strength this week and brought much needed cheer to the markets.

WeekendInvesting Strategies all had a great week outperforming the respective benchmarks simply because of sticking to the strongest stocks (Rotational Momentum Strategies) / sitting partially in CASH (Absolute Momentum Strategies). Mi 25 with (+2.95%) & Mi 20 with (+2.19%) topped the weekly charts.

We have continued to emphasize the importance of GOLD as a hedge to your equity portfolio and there couldn’t have been a better time to visualize the impact of the same. Since 18 Jan 2022 (right when the war panic was heating up), Nifty has cracked down by 10% while GOLD has contrastingly gained 7.65%. Having exposure to GOLD augers extremely well in keeping you calm when panic makes inroads into equities.

Mi EverGreen – which is created to be your companion at all market times, captures the union of Equities & Gold in a superb fashion. We have a special 20% discount for Subscribers of any WeekendInvesting Smallcase (2019 – 2021) . Please use code EVERGREEN20

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