Nifty was choppy in the first 4 sessions of the week but a good one trending session on Friday put the index in a solid position to close the week at yet another all time high. Profit booking is a very common sight during up trends and we will see many halts / choppy phases along the way. The matter of fact is that we had to wait for a long long time to see 19k but 20k seems to be just a few good sessions away from here which aptly showcases the ebbs and flows of the markets. As WeekendInvestors, our job is plain and simple though – Follow the price & ignore everything else.
All benchmarks had a good outing clocking around the 1.2% plus barring the relatively weaker Nifty Next 50 which returned 0.5%. Smallcap 250 & Mid-small 400 were phenomenal yet again returning solid figures of 1.7% and 1.4% respectively. Smallcap 250 leads the FY 24 charts with a superb 25% gain.
IT has topped the weekly chart after a long long time with gains of 4.6% followed by METALS at 3%. The former faces an important resistance at 31600 levels crossing which we can see a stronger up move. When you look at the FY 24 charts, REALTY has been doing extraordinarily well clocking almost 40% with AUTO occupying the second spot at 27%. All sectors baring IT have done double digit gains this FY 24.
Mi 35 & Mi 20 have been on a roll since quite some time recording exceptional performance this FY with gains of 34% and 39% respectively. These two strategies have been continuously topping our weekly tables as well. Overall, we are very happy with the way how current FY 24 has been progressing and we hope this continues going ahead.
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 – Have a great weekend !