The Good Bad and Ugly weekly review : 27 Jan 2023
Absolute Carnage on the last trading day of the week to end what’s been a very stressful period for investors. The apprehension about the future of Adani group gripped the investing community after their stocks witnessed a free fall on 27th Jan 2023. Nifty lost 2.5% this week and more importantly could not hold on to the all important support level of 17750 which was tested several times in the recent past. While there are several zones of support ahead, we believe 16750 is a extremely strong and a crucial level as you can see from the above image. Let’s see if the upcoming budget can lift the spirits up.
Nifty Jnr dropped a massive 6.24% this week following the steep sell off in several stocks in its index while other indices lost between 2.3% to 3.2%. It has been a tough period since the start of Dec 2022 as Nifty has dropped about 6% after making a fresh ATH. This period also saw all of the FY 23 gains being wiped out as we hope for an optimistic budget along with a few more optimistic news to pull the markets back up to finish FY23 on a decent note.
PSUBANKS were hit the hardest losing almost 10% on the back of red flags raised about ADANI groups debt in Hindenburg’s report. Despite losing almost 10% in the last 1 week, PSUBANKS are still the best performers across last 3 months – 12 months and FY23 displaying massive relative strength compared to other sectors. Money flew into AUTO sector which clocked 3.14% this week as IT also continued on its recent momentum posting yet another positive week with 0.8% gains which is quite good considering what happened in the markets.
Mi NNF10 had a very very hard week owing to its exposure to few ADANI stocks as the strategy lost 13.7% in this week. It’s benchmark – the Nifty Jnr also got hit quite hard comparatively. As we have seen from the past, the strategy is very nimble in terms of exiting stocks where momentum has faded away and shifting to other potential winners and we hope the recovery is quick. Overall, it was a tough week for us as almost almost all strategies underperformed their respective benchmarks. We will try to swallow this hard pill and look to bounce back stronger hopefully in the coming weeks.
We discussed the happenings of 27th Jan 2023 in the latest edition of Daily Bytes..
Our Views on the Budget !
We expressed our thoughts on what to expect from the upcoming budget in this SPECIAL ARTICLE.
There’s also a special video on what happens in the markets before and after several budgets in the past.
WeekendInvesting Loyalty Discounts <W I L D>
We also adopted – Customer Bhagwan Che along with the famous Bhav Bhagwan Che philosophy right since the day we started offering services for retail & we are pumped to launch WeekendInvesting Loyalty Discounts < W I L D > primarily aimed at rewarding WeekendInvestors who have reposed faith in our strategies by staying subscribed for long periods.
This initiative is in the same line of thought as many of our other customer centric initiatives like the Daily Bytes, Daily Insights, User Manual, FAQ Booklet, WeekendInvesting HUB, #askweekendinvesting series, Weekend Chat with WeekendInvestors and also not to forget our lightening quick email responses.
Who is eligible for W I L D ?
WeekendInvestors who have spent 1 year/ 2 years / 3 plus years of continuous time in annual subscriptions.
What are the features of W I L D ?
If you have completed 1 year of annual subscription in any strategy, you shall be eligible to use a special code that gets you a 20% discount , 2 years will unlock a 25% discount and folks who have spent 3 plus continuous years shall get a 30% discount.
You will receive a whatsapp message from Team WeekendInvesting with details of the code at the time of your renewal.
This discount code can be used to
(a) renew your current subscription and
(b) enable you to subscribe to any other strategy(s) of WeekendInvesting at the same discount using the same code which will be valid for a maximum period of 30 days.
You may go through the blog on WILD here
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.
FY22 was also superb and I will let the numbers speak for themselves. You may read the Consolidated FY22 report.
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 for the week and the month for all the smallcases is presented 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.
WeekendInvesting Daily Insights – A New Initiative
We started a new initiative called – WeekendInvesting Daily Insights to share quick 1 minute content that can help you in your investing journey. Please do take a look at this week’s episodes by clicking on the image below.
STAIRS Revamped Models
STAIRS is a LONG / SHORT derivative strategy that is designed to offer an uncorrelated diversification option to your equity portfolio. STAIRS will do well when there are up trends & also when there are down trends while giving up some of the gains when markets remain rangebound/volatile.
You may go through our latest weekly report for more details.
STAIRS Weekly Report : 25 Jan 2023
All 4 STAIRS models go in line with our fundamental philosophy of making the most and compounding aggressively when markets give us trends and go very defensive as trends fizzle out and enter a rangebound territory, thus providing robust capital & profit protection.
Effectively – STAIRS is a complete trading system (Futures & Options) that covers each of the following decisions required for a successful trading outcome:
• Markets – What to buy or sell?
• Position Sizing – How much to buy or sell?
• Entries – When to buy or sell?
• Stops – When to get out of a losing position?
• Exits – When to get out of a winning position?
We also run a dedicated telegram channel for STAIRS which you may join using the below link.
Join Free STAIRS Telegram Channel