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It has been a bloody week, causing the month of March to be the second worst month in the last ten years. If Covid is kept aside, this is already the worst month of the last decade, and we are only 13 or 14 days into the month. Things have shifted rapidly from being near all-time highs to suddenly being in a big soup. Post-market close, there were some positive murmurs regarding Iran allowing oil for oil and LPG tankers for India, which may provide some relief on Monday. However, the overall situation remains quite grim and unresolved. Continued bombing of the Iranian island, which is their main crude oil source, may aggravate the war situation next week.
A tricky situation remains in the market. In such times, the essential move is to stick to a strategy and go as per the plan rather than worrying about what may happen. This is how even wars are executed, where a set strategy is followed without ifs and buts.
Nifty on the Daily Chart
The Nifty chart currently looks like a complete waterfall. While it is impossible to predict a bottom during such events, the reverse response is usually very fierce once it arrives. If today were the bottom, the market could recover significantly in a week; if it takes another week to bottom out, we could return to today’s levels very quickly. The last few days before a bottom are typically recovered fast; that is how markets operate.
Once a hard bounce occurs, the market reassesses its direction. Being completely negative is often like looking only at the rear-view mirror. Looking ahead with optimism is better, as we may be nearing a bottom. For example, just two months ago in January and February, the market went down consistently, only to recover the entire month’s losses in just two sessions. Moves built on fear and panic reverse quickly once a window of stability is visible.
Nifty – Weekly Chart Perspective
From a technical perspective, the weekly chart offers little solace. It has formed a head and shoulders pattern and appears to be heading toward 22,000. Whether it reaches that level is difficult to say, but it looks like another 500 to 1000 points could go.
S&P 500 Overview
The S&P 500 has also started to bleed, down 1.6% this week. It is forming a rounding top and could come off rapidly. Interestingly, while the US military-industrial complex thrives on war, other parts of their economy are impacted by oil prices. Tech stocks are also maturing and bleeding down, causing significant damage.
GOLD Overview
Gold is off 2.3% at 15,817, losing the momentum it held through January. Gold can certainly come down further; in past crises like Covid, the 2022 Russia-Ukraine attack, the GFC, or the Gulf War, gold often dropped as liquidity shrank, only to pick up fast later. Right now, liquidity conditions mean those facing margin calls may sell gold to get cash.
Dollar Index Overview
Additionally, the dollar index is rising sharply by 1.66%. Despite talk of de-dollarization, panic is driving money toward the dollar, which acts as a dampener on precious metals and emerging markets.
Global Indices Overview
In a dollar-based comparison across global markets, India has been smashed the most with a 6% weekly drop. Nikkei fell 4.6%, Canada 2.6%, and Kospi 3%. Over one month, India performed the worst at -11%. On a one-year basis, Nifty is down 3% while South Korea is up 107%.
On a five-year CAGR basis, India has returned only 3.9% in dollar terms, compared to 10.8% in the US, 10% in Brazil, and 9% in Germany. From the perspective of a foreign investor, India may not look attractive enough based on past performance and the current situation to attract big money. Changes in tax structures or market efficiency may be needed, and the government needs to look at this data.
Global Momentum
Regarding momentum scores, Kospi, FTSE, and Canada hold the top ranks, while Germany, Europe, and Nifty are at the bottom.
Benchmark Indices Overview
This week, all indices were down, though surprisingly, small caps lost the least while Nifty lost the most at 5.3%.
Sectoral Overview
Sector-wise, there were big losses in auto at 10.6%, with defense, PSU banks, and private banks all down 7%. Pharma was the only sector spared, down only 0.6% as a defensive move. Energy fell 0.7%, CPSC 1.2%, and capital markets 2%.
Momentum scores show CPSC and BSE ruling the top ranks, while real estate, tourism, and IT are at the bottom. Buy setups will likely emerge first in the CPSC or energy sectors.
Introducing All Seasons
Markets reward patience — but rarely make it easy.
Even index investors — owning India’s top 50 companies through the Nifty 50 — struggle to stay the course. Drawdowns hurt, flat markets drain conviction, and emotions often break compounding faster than crashes do.
That’s exactly why we built All Seasons — a simple, rule-based strategy that helps you stay invested through every phase of the market by dynamically balancing between Nifty 50 (for growth) and Gold (for stability).
📈 Growth — Nifty 50
Own India’s strongest 50 companies — the backbone of our economy. Participate in the nation’s long-term growth story without picking stocks or timing entries.
🛡️ Stability — Gold
Crises strike without warning. Gold rises when equities stumble — acting as your portfolio’s natural hedge and emotional anchor.
⚙️ The Engine Behind It
All Seasons shifts allocations every fortnight based on market conditions:
- When equities run hot, exposure trims automatically.
- When they’re beaten down, the system increases weight.
- Gold moves in the opposite direction — balancing every phase.
No guesswork. No emotion. No fear of missing out — just a calm, intelligent portfolio that adapts to markets for you.
Who is this for?
✅ Index investors who want smoother participation
✅ New investors who prefer ETFs over stock-picking
✅ Professionals who can’t invest in direct equities
✅ Seasoned investors looking to add stability to their core
✅ Anyone who wants to stay in control without daily decisions
Price: ₹4,999 per year
Recommended Capital: ₹2–30 lakh
Introducing Mi Allcap GOLD
Mi Allcap GOLD is designed for investors who want broad equity exposure with a built-in hedge. It combines:
25% Large Caps – for stability
25% Mid Caps – for growth
25% Small Caps – for alpha
25% Gold ETFs – as a permanent hedge
Mi AllCap GOLD follows a rules-based, momentum-driven approach to select the strongest stocks in each segment. The portfolio is rebalanced monthly to ensure it stays aligned with market leadership — with no human discretion involved.
Why Mi AllCap GOLD?
All-in-one exposure to all equity tiers + gold
Rebalance Frequency : Monthly
Momentum Style : Rotational
Whether you’re just starting your wealth journey or looking to anchor your core portfolio, Mi AllCap GOLD offers a powerful blend of momentum, diversification, and downside protection.
Don’t just diversify — balance wisely.
Rebalance Update
