Portfolio Links
Model 1 Performance (To know more about it click here)
Model 3 Performance (To know more about it click here)
Nifty Future Long-Short Strategy Performance (To know more about it click here)
Weekly Portfolio Performance Chart
Once again The Nifty Index failed to hit all the time highs. It goes to the 18880 level twice this week and reverted back from it. India's GDP growth rate for the fourth quarter of FY 2023 is 6.1%, and for the entire year, it is 7.2%, which is higher than the anticipated 7% number. India's CPI print for April came in at 4.7%, which was less than anticipated. The FED has paused the rate hike after raising it to 5%-5.25% from the 0%-0.25% range.
Nifty closed above the 20 EMA, 50 DMA, and 200 DMA.
Key Levels for the Nifty Index
20 EMA - 18641
50 DMA - 18314
200 DMA - 17929
Weekly recap:
The Nifty IT Index and The Bank Nifty Index have outperformed the Nifty Index.
Nifty Midcap 100 Index is down -0.98 percent.
This week, the Nifty index is down -0.85 percent.
Open - 18873.30
Low - 18647.45
High - 18886.60
Close - 18665.50
Model 1, Model 2 & Model 3
This week, Model 1 is down -0.72 percent, and Model 3 is down -1.33 percent.
Model 1 has outperformed the Index by +0.13 percent and Model 3 has underperformed the Index by -0.35 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -3.21 percent this week.
Next Week Update
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The Nifty Long-Short Strategy's current position is Long.
Long-term Performance Summary
Monthly Performance Summary of Models
*After brokerage and taxes, returns are determined at the actually performed deals.
In May 2023, Models 1, and 3 returned +0.86 percent, and +0.67 percent respectively, compared to the Nifty 50 Index's +2.06 percent return.
In May 2023, the Nifty Long-Short is up +1.22 percent.
For the year 2022 (1st January 2022 - 30 December 2021), Model 1, 3, and Nifty Long-Short returned -17.87%, -3.31%, and +31.43%, respectively, compared to the Nifty 50 Index's return of +4.27%.
Year To Date - 2023
Models 1, and 3 returned +0.05 percent, and -4.65 percent respectively, compared to Nifty's +3.09 percent return for the year 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -7.92 percent, compared to the Index's +3.09 percent.
From July 12th, 2021, the Model 3 is up +12%, compared to 27% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 126 percent. The Nifty index has increased by 73 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 113 percent on capital and 209 percent on margin money.
Model 1 has been operational since July 13, 2020, whereas the Index Long-Short strategy has been operational since August 14, 2020. Model 3 has been operational since July 12, 2021.
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