The markets again went into a directionless mode and chopped around on the broader indices while the internals of the markets remained robust. The mid and smallcap indices were relentless in their up swing.
Nifty swung up from a deep fall last fri in the initial part of the week to drop massively on expiry and then gapped up again to close the week.
Bank Nifty has remained trapped in this broad range since the last two months and has caused major dent in the STAIRS trade.
STAIRS closed about 10% lower this week having been hit multiple times.
The bright spot was however was at the smallcase products with the flagship ATH smallcase stealing the thunder. The smallcase saw its performance leap by more than 10 pct this week . Overall all smallcases have given satisfactory performance.
For Monday 24 Aug, the proposed changes are:
Mi_LT_CNX200 :NO CHANGE.
Mi_MT_Allcap : ONE EXIT
Mi_ST_ATH :NO CHANGE
Mi 25 :NO CHANGE
Mi25 our top performing LIVE product was added to the smallcase bouquet also last week. The Mi25 strategy is based on small cap stocks and the smallcase will be suitable for portfolio size of 5 to 15 lacs approx. The annual plan was launched at 14999 ( GST incl) and a trial 3 month plan at 4999( GST Incl) A special one time limited offer is offered for the existing Mi25 LIVE users if they wish to join the smallcase at 50% off for the annual plan
In the LIVE product strategies, all products gained handsomely with Mi25 and Mi50 standing out. The LIVE products provides a mature ground for more diversified and lower risk strategies than the smallcases and are suited for larger portfolios.
Some of this weeks testimonials received from gracious users of my products
That is all this week. STAY SAFE and stay in peace !