We lose the 50 mark yet again…!1 min read

The strategy underperformed the market this week. Mi50 closed at 48.4% for the FY vs the highest achieved last week @52.46%. The benchamarks remain flattish meanwhile at +14% and +18.4% for NSE50 and CNX500 respectively.  The main culprits this week were Arcotech and some RiceExporter stocks who tanked against the market. The 50% mark as somebody rightly pointed out is turning out to be a stiff resistance 🙂 Anyhow, this is not a cause of worry as we await the next move up.

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The drawdown is now at a mild -2.6%.

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This week there were 3 exits from the strategy and 3 new entrants.  Exits were CamlinFin, BalmerLawrie and EsselPack. The new entrants are Mawana Sug, Motilal oswal and Vip Industries.

The out-performance of the strategy vs the benchmarks has been unremarkable since Oct 16 and that may be some indication that this current move may be stalling.

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Starting the new FY1617, the newsletter format will change. I will continue to report the operating numbers on a weekly basis but will do a detailed stock analysis only in a month end report from April 1 2017 onwards.

Have a Happy Weekend.

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    JIGS
    JIGS
    5 years ago

    Few months consolidation augurs well for you and all investors :-). We need just 2-3 months of slow decline to make new all time high in late 2017 or early 2018.
    In fact, I read lot of reports worldwide which says all EMs are starting boom like 2003. Someone picking right sectors over next 5 years will hit goldmine.

    srinivas
    srinivas
    5 years ago

    This could be because large caps went up in the recent week while mid cap and small caps are consolidating