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 had a quiet start to 2024, and we have observed volatility and range-bound behavior in the Index. Although the Nifty reached an all-time high this week, it was unable to maintain the momentum and closed at the 21710 level. The Fed released its December 2023 MoM, and it signaled that rate cuts would occur in the second half of the year, longer than anticipated. The world market is alarmed by that. 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.
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 - 21335
50 DMA - 20386
200 DMA - 19261
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have underperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +2.63 percent.
This week, the Nifty Index is down -0.09 percent.
Open - 21727.75
Low - 21500.35
High - 21834.35
Close - 21710.80
Model 1, Model 2 & Model 3
This week, Model 1 is up +4.08 percent and Model 3 is up +4.32 percent.
Model 1 has outperformed the Index by +4.17 percent and Model 3 has outperformed the Index by +1.69%.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -0.89 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 +4.08 percent, and +4.32 percent respectively, compared to Nifty's -0.09 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -0.89 percent, compared to the Index's -0.09 percent.
From July 12th, 2021, the Model 3 is up +80%, compared to 72% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 231 percent. The Nifty index has risen by 101 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 202 percent on capital and 374 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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