The Good Bad and Ugly Weekly Review : 2nd May 2023

The MOJO seems to be BACK ! After taking support multiple times around 16900 odd levels, Nifty has has been on an uptrend to clock almost 7% in the last 1 month. There was a small correction where Nifty took support right at it’s 200 DMA but has bounced back since then to scale past 18000. The next immediate hurdle for Nifty seems to be at 18200 surpassing which we will hopefully see a march towards a fresh all time high.

All benchmark indices clocked around 2.5% this week. Mid-Small 400 & Smallcap 250 have clearly taken the lead in this rally clocking 8.7% and 10.3% in the last one month while Nifty and large caps returned around 6%. We have had some really strong momentum kicking in the last 30 odd days and this is definitely a cheerful start to FY 24

PSU BANKS and REALTY have once again occupied the top spots on the sectoral charts clocking 7.3% and 5.1% this week and a massive 16.8% & 19.6% in the last 30 days. We have seen money flowing into all sectors as none returned negative figures for the week. Looking at the FY 24 figures, all sectors except for IT @ -3.4% have started on a positive note.

Mi 20 and Mi 35 have been on a fantastic roll clocking 5.6% and 4.6% respectively in the current week. Mi 20 has been doing extraordinarily well clocking 18.2% in the last 30 days thanks to the superlative performance on it’s benchmark, the mid-small 400 index along with Mi 35 occupying the second spot raking in 14.5%. We are off to a superb start this FY 24.

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 upcoming rebalance on 03 Apr 2023 will be a biannual rebalance where stocks are updated as per changing underlying indices and weights shall be recalibrated back to original weights as per the composition of the respective strategies (Mi20, Mi35, Evergreen specifically)

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