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
This week, the Nifty Index reached an all-time high of 23,110, but it was unable to hold that position and closed at roughly 22,500. As the results of the 2024 general election are expected on June 4 and the exit poll on June 1, we are approaching an important event for the Indian market. Due to the election outcome, Monday and Tuesday of next week could see volatile movements. India's Q3 2023 GDP growth rate of 8.4% exceeds the consensus forecast of 6.6%. India's CPI inflation rate cooled to 4.83% in April from 4.85% in March. In its April 2024 policy meeting, the RBI held the repo rate unchanged at 6.5%. US inflation softened in April to 3.4%, from 3.5% in March.
Weekly recap:
The Nifty IT Index has underperformed the Nifty Index and the Bank Nifty Index has outperformed the Nifty Index this week.
Nifty Midcap 100 Index is down -1.86 percent.
This week, the Nifty Index is down -1.37 percent.
Key Levels for the Nifty Index
20 EMA - 22565
50 DMA - 22397
200 DMA - 21064
Open - 23038.95
Low - 22417.00
High - 23110.80
Close - 22530.70
Nifty closed above the 50 DMA, 20 EMA and 200 DMA suggesting the up trend in the Index.
Model 1 & Model 3
This week, Model 1 is down -3.80 percent and Model 3 is down -1.37 percent.
Model 1 has underperformed the Index by -1.94 percent and Model 3 has underperformed the Index by -0.19 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -0.55 percent this week.
Next Week Update
The Nifty Long-Short Strategy's doesn't have any overnight open position.
Long-term Performance Summary
Monthly Performance Summary of Models
*After brokerage and taxes, returns are determined at the performed deals.
In May 2024, Models 1 and 3 returned +2.71 percent, and +6.27 percent respectively, compared to the Nifty 50 Index's -0.33 percent return.
In May 2024, the Nifty Long-Short is up +7.28 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
Models 1, and 3 returned +22.04 percent, and +24.93 percent respectively, compared to Nifty's +3.68 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +4.12 percent, compared to the Index's +3.68 percent.
From July 12th, 2021, the Model 3 is up +116%, compared to 88% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 288 percent. The Nifty index has risen by 109 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 217 percent on capital and 402 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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