The Good Bad and Ugly weekly review : 16 Jun 2023

5 min read

Nifty saw an all time high close yet again since Dec 2022. The benchmark index made an intraday high of 18887 on 01 Dec 2022 but ended the day at 18812 thus giving us a fresh all time high close yesterday on 16th Jun 2023 at 18826 levels. Technically ATH is a zone where no resistance is present thus paving way for uninterrupted upward movement. But this does not mean there won’t be corrections or consolidations but the probability of markets continuing the upward momentum is usually high during such times. Let us hope the positive start to FY 24 continues and goes strong heading forward.

Nifty 50 returned 1.4% this week while Mid-small 400 & Smallcap 250 continue to top the charts returning 2.9% & 2.8% respectively. Nifty Jnr also had a strong week clocking 2.7%. All benchmarks are at new ATH’s barring Nifty Jnr and Smallcap 250 which are just a good couple of sessions away !

REALTY has been on a fantastic run clocking a whopping 33% in since the start of FY 24 (2.5 months). Barring the banks, most sectors had a great outing this week. AUTO, FMCG, METAL have all taken a superb start this FY 24.

All WeekendInvesting strategies had a superb week with most outperforming the benchmark handsomely. Mi 20 and Mi 50 have taken a brilliant start to FY 24 returning 24% and 22% respectively. We are also happy to report that many strategies have been running at new ATH’s and we hope this continues going ahead.

https://youtube.com/watch?v=qqMnMMKfkV0%3Ffeature%3Doembed

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.

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.

WeekendInvesting Products – LIVE Index Data

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.

Introducing M Profit

STAIRS Revamped Models

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?

We also run a dedicated telegram channel for STAIRS which you may join using the below link.

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    The Good Bad and Ugly weekly review : 16 Jun 2023