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 21492 After rallying more than a 2500 points from the October 19840 low. 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 and we have seen Nifty IT Index is up almost 8%+ in last two trading sessions. 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 - 20564
50 DMA - 19846
200 DMA - 18972
Weekly recap:
The Nifty IT Index has outperformed the Nifty Index and the Bank Nifty Index has underperformed the Nifty Index.
Nifty Midcap 100 Index is up +2.67 percent.
This week, the Nifty Index is up +2.32 percent.
Open - 20965.30
Low - 20769.50
High - 21492.30
Close - 21456.65
Model 1, Model 2 & Model 3
This week, Model 1 is up +3.72 percent and Model 3 is up +4.17 percent.
Models 1 has underperformed the Index by +1.40 percent and Model 3 has outperformed the Index by +1.50 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +3.42 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 +39.80 percent, and +44.98 percent respectively, compared to Nifty's +18.51 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now +36.30 percent, compared to the Index's +18.51 percent.
From July 12th, 2021, the Model 3 is up +70%, compared to 66% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 215 percent. The Nifty index has risen by 99 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 215 percent on capital and 398 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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