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
With the resolution of the Middle East issue between Iran and Israel, world markets have rebounded. However, the US Q1 GDP estimate, which was released on Thursday, came in much lower than expected at 1.6%. The US appears to be experiencing sticky inflation and stagflation based on the low print of Q1 GDP. The Fed is in a difficult situation right now. It is now worthwhile to monitor the Fed's actions this year in regards to rate cuts. This week, the Nifty Index showed upward movement and closed at roughly 22,400. The US inflation increased to 3.5% in March from 3.2% in February, which is above the expectation. Due to higher inflation and not so encouraging inflation outlook global market spooked. India's Q3 2023 GDP growth rate of 8.4% exceeds the consensus forecast of 6.6%. India's CPI inflation rate cooled to 4.85% in March from 5.09% in February. In its April 2024 policy meeting, the RBI held the repo rate unchanged at 6.5%.
Weekly recap:
The Nifty IT Index has underperformed and the Bank Nifty Index has outperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +3.96 percent.
This week, the Nifty Index is up +1.23 percent.
Key Levels for the Nifty Index
20 EMA - 22352
50 DMA - 22236
200 DMA - 20718
Open - 22336.90
Low - 22198.15
High - 22625.95
Close - 22450.20
Nifty closed above the 50 DMA, 20 EMA and 200 DMA suggesting the up trend in the Index.
Model 1, Model 2 & Model 3
This week, Model 1 is up +9.82 percent and Model 3 is up +4.89 percent.
Model 1 has outperformed the Index by +8.59 percent and Model 3 has outperformed the Index by +0.93 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +2.76 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 March 2024, Models 1 and 3 returned -7.12 percent, and -0.17 percent respectively, compared to the Nifty 50 Index's +1.57 percent return.
In March 2024, the Nifty Long-Short is up +5.02 percent.
For the Financial year 2023 - 2024 (1st April 2023 - 31st March 2024), Model 1, 3, and Nifty Long-Short returned +86.48%, +82.78%, and +36.20%, respectively, compared to the Nifty 50 Index's return of +28.61%.
Year To Date - 2024
.png)
Models 1, and 3 returned +18.81 percent, and +18.72 percent respectively, compared to Nifty's +3.17 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -4.52 percent, compared to the Index's +3.17 percent.
.png)
From July 12th, 2021, the Model 3 is up +105%, compared to 84% for the Nifty Midcap Index.
Summary since inception
.png)
Since its debut, Model 1 has increased by 277 percent. The Nifty index has risen by 107 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 191 percent on capital and 354 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.
________________________________________________________________________________________________
Looking to invest? You can find our terms of service here. Or you can write to us and we will get back to you
){kind=link}