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
Nifty hit all time high mark of 20270 After rallying more than a 1400 points from the October 19840 low. India's Q2 2023 GDP growth rate of 7.6% beats the consensus estimate of 6.8%. The better-than-expected GDP result and lower-than-expected inflation data have helped the markets. India's CPI inflation rate decreased from 5.02% in September to 4.87% in October. The repo rate has remained at 6.5% as the RBI has maintained the status quo. The US unemployment rate raised to 3.9% in October from 3.4% in September. Which is a good sign that 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 - 19765
50 DMA - 19580
200 DMA - 18817
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 +3.17 percent.
This week, the Nifty Index is up +2.39 percent.
Open - 19844.65
Low - 19800.00
High - 20291.55
Close - 20267.90
Model 1, Model 2 & Model 3
This week, Model 1 is up +2.81 percent and Model 3 is up +6.66 percent.
Models 1 has outperformed the Index by +0.42 percent and Model 3 has outperformed the Index by +3.49 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +5.02 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 November 2023, Models 1, and 3 returned +12.88 percent, and +9.35 percent respectively, compared to the Nifty 50 Index's +5.52 percent return.
In November 2023, the Nifty Long-Short is up +10.75 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 +37.35 percent, and +31.81 percent respectively, compared to Nifty's +11.94 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now +20.11 percent, compared to the Index's +11.94 percent.
From July 12th, 2021, the Model 3 is up +54%, compared to 58% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 210 percent. The Nifty index has risen by 89 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 178 percent on capital and 330 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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