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
The Nifty Index managed to close above 19400 mark after rallying almost 700+ points from the 19840 bottom, which suggest bottom is formed for the time being supported by the global factors. The Fed has kept the policy rate unchanged, which suggest the peaking of the rate hike cycle and possible reversal in 2024. September month CPI inflation for India is at 5.02% compared to 6.83% in August. RBI has maintained the status quo and kept the repo rate at 6.5%. Also, Incremental CRR measure has been withdraw. 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%.
Nifty closed below the 20 EMA and 50 DMA, and above the 200 DMA suggesting the up trend reversal or rangebound movement in the Index.
Key Levels for the Nifty Index
20 EMA - 19344
50 DMA - 19568
200 DMA - 18677
Weekly recap:
The Nifty IT Index has underperformed the Nifty Index and the Bank Nifty Index has outperformed the Nifty Index.
Nifty Midcap 100 Index is up +2.89 percent.
This week, the Nifty Index is up +1.01 percent.
Open - 19345.85
Low - 19309.70
High - 19464.40
Close - 19425.35
Model 1, Model 2 & Model 3
This week, Model 1 is up +5.91 percent and Model 3 is up +2.37 percent.
Models 1 has outperformed the Index by +4.90 percent and Model 3 has underperformed the Index by -0.32 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +3.11 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 +29.93 percent, and +20.83 percent respectively, compared to Nifty's +7.29 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now +8.37 percent, compared to the Index's +7.29 percent.
From July 12th, 2021, the Model 3 is up +41%, compared to 48% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 193 percent. The Nifty index has risen by 80 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 151 percent on capital and 280 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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