Markets have stayed quite resilient to break out of the choppiness in the last 2 weeks. Nifty is under 2% away from a fresh all time high. FIIs have added about 20k crores so far which is the highest since Nov 2022 after a few months of continuous selling all pointing towards the possibility of a new all time high in the coming week. Fingers crossed.
Nifty Jnr led the rally this week returning 2.8% followed by Mid-small 400 at 2% and CNX 200 at 1.96%. Nifty clocked about 1.63% to reduce the current drawdown to a mere 1.65%. Mid-Small 400 index has been the strongest among all indices having fully recovered from it’s drawdown to hit a new ATH.
All sectors ended the week in green METAL (5.65%) , PHARMA (3.94%) and IT (3.72%) taking the lead. REALTY continues to be impressive having clocked a superb 22% this FY 24. Overall, it has been a superb start to the current FY with all sectors in the positive territory.
Mi NNF 10 , Mi 30 & Mi ATH 2 led the WeekendInvesting pack this week having recorded 2% + gains. We are super happy with the optimism and momentum in the markets and we hope this continues in the times to come.
Mi ATH 2 – On a roll !
Markets have put up a strong performance in the last couple of months and Nifty is very close to hitting a new all time high. This may be a great opportunity for you to add a special strategy like Mi ATH 2 that picks up stocks with very strong momentum.
Use code ATH2MAY23 to avail a flat 20% on Mi ATH 2 strategy
Note : Offer valid only till end of 28th May 2023 (Sunday).
Note : We are facing some technical issues with Mi 50 data. We hope to rectify this at the earliest possible.
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.
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.