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
After rallying more than a thousand points from the 19840 low, the Nifty Index was able to close above the 19700 mark, indicating that a bottom had formed and was being supported by global conditions at the time. From 3.7% in September to 3.2% in October, US inflation is falling. The markets have benefited from the lower-than-expected inflation data, and they are now expecting for an early rate cut. India's CPI inflation for October is 4.87%, down from 5.02% in September. RBI has maintained the status quo and kept the repo rate at 6.5%. India's GDP growth rate for Q1 2023 comes at 7.8%, which aligns with the market expectation. India's GDP growth rate for the final three months of FY 2023 was 6.1%, and for the entire year, it was 7.2%, exceeding the forecasted figure of 7%. The US unemployment rate increased to 3.9% in October from 3.4% in September. Which is a good sign considering Fed rate hike measures are working.
Nifty closed above the 20 EMA, 50 DMA, and the 200 DMA suggesting the strong up trend in the Index.
Key Levels for the Nifty Index
20 EMA - 19596
50 DMA - 19582
200 DMA - 18770
Weekly recap:
The Nifty IT Index has underperformed the Nifty Index and the Bank Nifty Index has underperformed the Nifty Index.
Nifty Midcap 100 Index is up +0.57 percent.
This week, the Nifty Index is up +0.32 percent.
Open - 19731.15
Low - 19670.50
High - 19875.15
Close - 19794.70
Model 1, Model 2 & Model 3
This week, Model 1 is down -2.54 percent and Model 3 is up +0.36 percent.
Models 1 has underperformed the Index by -2.86 percent and Model 3 has underperformed the Index by -0.21 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +1.02 percent this week.
Next Week Update
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 performed deals.
In October 2023, Models 1, and 3 returned +2.03 percent, and -2.08 percent respectively, compared to the Nifty 50 Index's -2.84 percent return.
In October 2023, the Nifty Long-Short is up +7.36 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 +33.60 percent, and +23.58 percent respectively, compared to Nifty's +9.33 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now +14.37 percent, compared to the Index's +9.33 percent.
From July 12th, 2021, the Model 3 is up +45%, compared to 53% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 201 percent. The Nifty index has risen by 83 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 165 percent on capital and 306 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 operating since July 12, 2021.
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