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
We had only 3 trading days this week and we had witness significant down move in the Index on Tuesday with Index is down roughly 600 points from day's high. The Nifty Index has had a quiet start to 2024, with volatility and a declining trend. The Nifty fell to a low of 21137 on Wednesday. Reliance Industries reported Q3 results that are relatively in line with market expectations. The US CPI print for December is 3.4%, compared to a projected 3.2%. India's CPI inflation rate jumped to 5.55% in November from 4.87% in October, owing primarily to rising food prices, which was consistent with projections. The Fed has maintained the status quo, keeping the policy rate steady. India's Q2 2023 GDP growth rate of 7.6% exceeds the consensus forecast of 6.8%. In its December 2023 policy meeting, the RBI held the repo rate unchanged at 6.5%.
Weekly recap:
The Nifty IT Index has outperformed the Nifty Index and the Bank Nifty Index has underperformed the Nifty Index this week.
Nifty Midcap 100 Index is down -1.78 percent.
This week, the Nifty Index is down -1.02 percent.
Key Levels for the Nifty Index
20 EMA - 21513
50 DMA - 21048
200 DMA - 19573
Open - 21716.70
Low - 21137.20
High - 21750.25
Close - 21352.60
Nifty closed above the 50 DMA, and the 200 DMA but below 20 EMA suggesting the short term down trend in the Index.
Model 1, Model 2 & Model 3
This week, Model 1 is down -2.14 percent and Model 3 is down -0.43 percent.
Model 1 has underperformed the Index by -1.12 percent and Model 3 has outperformed the Index by +1.35%.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -8.12 percent this week.
Next Week Update
The Nifty Long-Short Strategy's current position is Short.
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
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Models 1, and 3 returned +16.32 percent, and +13.10 percent respectively, compared to Nifty's -1.74 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -11.74 percent, compared to the Index's -1.74 percent.
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From July 12th, 2021, the Model 3 is up +95%, compared to 72% for the Nifty Midcap Index.
Summary since inception
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Since its debut, Model 1 has increased by 270 percent. The Nifty index has risen by 98 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 169 percent on capital and 313 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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