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 extreme volatility on Friday. The index was down around 370 points on Friday, but it made up all of the ground it had lost by going up about 600 points to close higher. The CPI inflation rate in India decrease from 6.21% in October to 5.48% in November and core inflation remains at 3.7%. The RBI maintained the repo rate in the recent monetary policy meeting while lowering the CRR by 50 basis points, which will increase bank liquidity by 1.16 lakh crore. The Nifty Index closed on an upward trend this week, and it appears that the RBI's easing of liquidity and FII fund flows are giving the Index momentum. India's Q2 GDP growth rate is 5.4%, which is below the expectation compared to Q1 of 6.7%. November 2024 saw 1.82 lakh crore in GST collection, a 8.5% YoY increase. US inflation increased to 2.7% in November compared to 2.6% in September.
Weekly recap:
The Nifty IT Index has outperformed the Nifty Index and the Bank Nifty Index has underperformed the Nifty Index this week.
This week, Nifty Midcap 100 Index is down -0.47 percent.
The Nifty Index is up +0.37 percent.
Key Levels for the Nifty Index
20 EMA - 24406
50 DMA - 24412
200 DMA - 23783
Open - 24633.90
Low - 24180.80
High - 24792.30
Close - 24768.30
Nifty closed above the 20 EMA, 200 DMA and 50 DMA suggesting up trend in the Nifty Index. The Nifty Index has managed to cross 50 DMA & 20 EMA and close above it on closing basis.
Model 1 & Model 3
This week, Model 1 is down -0.47 percent and Model 3 is up +1.86 percent.
Model 1 has underperformed the Index by -0.84 percent and Model 3 has outperformed the Index by +1.35 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -2.42 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 November 2024, Models 1 and 3 returned -2.21 percent, and +1.86 percent respectively, compared to the Nifty 50 Index's -0.31 percent return.
In November 2024, the Nifty Long-Short is up +4.07 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 +26.02 percent, and +42.62 percent respectively, compared to Nifty's +13.97 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +66.14 percent, compared to the Index's +13.97 percent.
From July 12th, 2021, the Model 3 is up +146%, compared to 114% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 300 percent. The Nifty index has risen by 129 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 407 percent on capital and 754 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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