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
It was a choppy week, and the Index corrected sharply on Thursday. The Fed has increased the Fed rate by 25 bps to 5.5%. India's GDP growth rate for the final three months of FY 2023 was 6.1%, and for the entire year, it was 7.2%, exceeding the forecasted figure of 7%. The CPI reading for India for June was 4.8%, in line with market estimations. The US CPI came in at 3%, which was less than what the market had anticipated.
Nifty closed above the 20 EMA, 50 DMA, and 200 DMA.
Key Levels for the Nifty Index
20 EMA - 19524
50 DMA - 19010
200 DMA - 18167
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have underperformed the Nifty Index.
Nifty Midcap 100 Index is up +1.52 percent.
This week, the Nifty index is down -0.50 percent.
Open - 19748.45
Low - 19563.60
High - 19867.55
Close - 19646.05
Model 1, Model 2 & Model 3
This week, Model 1 is down -0.62 percent and Model 3 is up +5.30 percent.
Model 1 has underperformed the Index by -0.12 percent and Model 3 has outperformed the Index by +3.78 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -6.91 percent this week.
Next Week Update
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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 actually performed deals.
In June 2023, Models 1, and 3 returned +16.89 percent, and +8.53 percent respectively, compared to the Nifty 50 Index's +3.53 percent return.
In June 2023, the Nifty Long-Short is up +0.33 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 +10.86 percent, and +6.92 percent respectively, compared to Nifty's +8.51 percent return for the year 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -3.23 percent, compared to the Index's +8.51 percent.
From July 12th, 2021, the Model 3 is up +25%, compared to 36% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 150 percent. The Nifty index has increased by 82 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 124 percent on capital and 230 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 operational since July 12, 2021.
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