The Good Bad and Ugly weekly review : 21 July 20237 min read

Nifty is closing in on the coveted 20k mark & this has certainly got all of us excited. RSI levels are back around over bought zone but we are also seeing quick consolidations taking place which is certainly a healthy sign especially in bull markets. Overall, things are looking absolutely fabulous right since the start of FY 2024 and this is exactly what we were pinning our hopes on after almost 2 years of dullness in the markets. May this run continue ..

All indices barring Nifty Next 50 returned between 0.7% to 1.3%. These figures would have been much better if not for the drop on Friday (21 Jul 2023) but these numbers are quite healthy too. Smallcaps have been on a mammoth run clocking 26.4% in FY 24 followed by Mid-Small 400 at 23%. With a good week ahead, Nifty Next 50 might also recover to joing the rest of the benchmark indices at fresh ATH.

This week truly belonged to the banks with all banking sectors rocking the show. PSU BANKS (3.96%), BANKNIFTY (2.8%) & PVT BANKS (2.75%) occupied the top three spots on the weekly chart while IT took the last position returning (-3.47%). Banking sectors have been quite volatile for sometime now after which this week has come across as a great breather. Despite a flat week, REALTY still continues to dominate the FY 24 chart having clocked a majestic 38% with the second spot going to AUTOs at 27%.

Mi 20 has been simply fabulous for a long long time with this week being no different. The strategy added another 2.8% to it’s tally which sums up to a remarkable 43% this FY 24 alone. Mi 50, which is also derived from the same Mid-Small 400 universe has been making some noise too clocking 36% in FY 24. Almost all strategies barring one or two have done quite well so far and we are delighted with the way this FY 24 has begun.

Spotlight – Mi 35

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 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?

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