The Good Bad and Ugly Weekly Review : 13 Jun 2023

Nifty continues to be slow and choppy as the wait for a new all time high continues. 08 Jun 2023 saw Nifty making a high of 18778 increasing the hopes of a fresh all time high but some sharp selling towards the end of the week confirmed the sluggishness. Usually when markets are around all time highs, there’ll be a few bouts of consolidation / correction before the next leg of movement like we’ve seen several times before. Let’s see what is in store for the coming week.

Nifty 50 was flat @ 0.16% this week while Smallcap 250 and mid-small 400 continued to remain strong clocking 1.2% and 0.98% respectively. Smallcaps have been super strong this FY amassing 15.6% while Nifty has stayed the weakest at just under 7%.

Public sector stocks have been trending extremely well as some stocks have been seeing a decadal move. PSE clocked 2.78% this week followed by INFRA @ 1.86% and AUTO @ 1.65%. REALTY also added to their good run returning 1.5% to take the FY 24 tally to a table topping 28.8%. IT continues to remain weak returning -3.2% this week. This sector continues to struggle being the only sector to record negative returns thus far in the current FY.

A good week for WeekendInvesting strategies with Mi 20 clocking 3.6% followed by Mi ATH 2 @ 3.4%. Following the great run in midcaps, Mi 20 and Mi 50 have already hit their respective fresh all time highs. Most strategies are off to double digit gains this FY 24 and we hope this good run continues with markets on the brink of all time high.

A SHORT COURSE to Help you Stay Calm in All Market Conditions

Usually, quick – sharp corrections amidst a Bull Run creates ambiguity in the minds of lots of new investors. The most important question we often get asked is whether markets will crash from here. Should we exit? and a few other questions like these. We have made several videos to help you clarify many such questions and help you have the RIGHT MINDSET for a rewarding journey in investing.

We have put together a few of our previous Daily Bytes which we think might be relevant for times like these. Do have a look and send us your thoughts, questions or comments if any.

The smallcase products are all LONG ONLY products that invest in various subsegments of the markets but have the momentum theme underlying in all of them. The strategies will pick strong outperforming stocks and remove weak ones once a week (except Mi NNF10, Mi EverGreen & Mi India Top 10 which is monthly rebalanced)

These are all long-term strategies that will create enormous wealth in each upswing and then maybe give some back in the downswing and repeat this process again and again achieving the compounding effect. With patience and grit to follow strategy over ups and downs over the last nearly five years, it has been shown that much superior CAGR returns are possible than the benchmarks.

We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance. A backup email is sent by mid-day Monday if you have not rebalanced by then and yet another one a day later.

Note: We are not including LIQUIDBEES as an ADD or an EXIT count.

The performance of all strategies across various timeframes are listed below.

WeekendInvesting Products – LIVE Index Data

Many of you had asked us to make the index series of all WeekendInvesting Products available so that you could perform your own analysis and studies. You can find a link to the LIVE sheet here and also on the HUB under the support column in the content tab.

WeekendInvesting Telegram and YouTube Channel

We post daily content related to investing on our Weekendinvesting Telegram Channel and YouTube channel to help our community take stock of the performance of markets, sectors & our products and touch base upon a new topic every day. We look forward to having you all there! Several videos in this blog are from this series.

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WEEKENDINVESTING ANALYTICS PRIVATE LIMITED is a SEBI registered (SEBI Registration No. INH100008717) Research Analyst based at 103, Shagun Vatika Prag Narayan Road, Lucknow, UP 226001 IN. For more information and disclosures, visit our disclosures page here