The Good Bad and Ugly weekly review : 10 Feb 2023
Though selling pressure seems to have reduced, Nifty is still trading within the budget candle range. Nifty remained absolutely flat this this week and with some buying pressure, we may see the index crawling above the resistance around highs of budget day (18000). We saw sharp selling from 18200 levels recently which will act as a very strong resistance going forward. Once we surpass this, we may see a clean journey towards a fresh all time high. Let’s see how things pan out.
Nifty returned a dull 0.01% this week while Smallcaps and Mid-Small 400 enjoyed a decent outing clocking 0.9% and 1.6% this week. A hard beating across Adani group of stocks resulted in Nifty Jnr losing almost 8% in the last 30 days while the other indices lingered around the 1-2% mark. It has been a long period of consolidation and we hope we’ll have strong lasting rallies as soon as we get a break out.
All sectors returned between (-2%) to (+2%) this week. The talking point however is IT’s superb comeback topping the 1 month & 3 month charts with a superb (+8.3%) in each of these periods. Another noticeable fact was METALS and ENERGY losing a whopping 14% in the last 1 month.
WeekendInvesting strategies performed in line with the markets with Mi ATH 2 leading the pack clocking (+3.6%) gains. Mi 30, Mi 25, Mi 50 & Mi NNF 10 all did decent to witness 1% plus gains. The last 30 days has been a time to forget as all strategies and benchmarks have remained negative while we hope for a quick turnaround of fortunes so that we can finish FY 23 on a happier note.
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 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.
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.