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
Finally, 2023 ends on a positive note following a turbulent start to the year. This week Nifty has crossed all time high mark and closes on the positive note. India's CPI inflation rate increased to 5.55% in November from 4.87% in October mostly due to food price and that is in-line with the expectations. The Fed has maintain the status quo and kept the policy rate unchanged. Fed's dovish commentary on the inflation outlook and possible rule out of the further rate hike boost the global market. India's Q2 2023 GDP growth rate of 7.6% beats the consensus estimate of 6.8%. Th RBI has kept the repo rate unchanged at 6.5% in December 2023 policy meet. The BJP has won three states which shows the political stability before the 2024 general election. The better-than-expected GDP result and in-lined inflation data have helped the markets.
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 - 21126
50 DMA - 20165
200 DMA - 19151
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have underperformed the Nifty Index.
Nifty Midcap 100 Index is up +2.41 percent.
This week, the Nifty Index is up +1.79 percent.
Open - 21365.20
Low - 21329.45
High - 21801.45
Close - 21731.40
Model 1, Model 2 & Model 3
This week, Model 1 is up +1.50 percent and Model 3 is up +2.91 percent.
Model 1 has underperformed the Index by -0.29 percent and Model 3 has outperformed the Index by +0.50%.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +3.71 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 December 2023, Models 1, and 3 returned +3.48 percent, and +15.81 percent respectively, compared to the Nifty 50 Index's +7.94 percent return.
In December 2023, the Nifty Long-Short is up +11.13 percent.
For the year 2023 (1st January 2023 - 30 December 2023), Model 1, 3, and Nifty Long-Short returned +40.80%, +47.59%, and +31.86%, respectively, compared to the Nifty 50 Index's return of +20.03%.
Year To Date - 2023
Models 1, and 3 returned +40.80 percent, and +47.59 percent respectively, compared to Nifty's +20.03 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now +31.86 percent, compared to the Index's +20.03 percent.
From July 12th, 2021, the Model 3 is up +73%, compared to 68% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 218 percent. The Nifty index has risen by 101 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 205 percent on capital and 380 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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