Markets have continued to remain resilient right since the start of Apr 2023. After Nifty hit a fresh ATH last week after about 6 months of consolidation, the current week witnessed a bit of profit booking especially in the last couple of trading sessions. This is a natural phenomena especially in bull markets where we will face many instances of profit booking as multiple new peaks are achieved. 18850 is an important support to watch out for.
Mid-Small 400 & Smallcap 250 continue to remain strong clocking 1.2% and 2.2% respectively while other benchmarks in our radar remained flattish around the 0.5% to 0.8% mark. Smallcap 250 has been the strongest in the current FY 24 clocking 22.6% compared to only 11% on Nifty 50. All indices barring Nifty Next 50 have hit fresh all time highs.
PSU BANKS recorded a remarkable 8.5% this week with the next best ENERGY only at 2.5%. This former hit a peak of 4617 back in Dec 2022 after which there was a consolidation resulting in a drop of 23%. The last 3 months look quite good for this sector with gains of 19.2%. REALTY continues to do well with yet another solid week @ 2.19%. This sector also leads the FY 24 table with handsome gains of 37% followed by AUTOs @ 26%. IT continues to remain weak sitting at the bottom of the FY 24 table.
Almost all WeekendInvesting strategies did well this week barring a couple of strategies which mirrored their benchmarks. Mi 35 & Mi 20 continue to remain the strongest clocking 3.9% & 2.8% respectively. Mi 20 tops the FY 24 table with a massive 33% gain followed by Mi 35 which has recorded 29%. Another notable performance is from Mi NNF 10 which has put up a fantastic show clocking 23% in the last 3 months especially after a difficult period back in early 2023.
Spotlight – – Mi 20 !
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.
Here’s a detailed report in case you wish to check it out !
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?
Thanks for reading this out – Have a great weekend !