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The Good Bad and Ugly weekly review : 30 May 2023

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Markets have stayed quite resilient to break out of the choppiness in the last 2 weeks. Nifty is under 2% away from a fresh all time high. FIIs have added about 20k crores so far which is the highest since Nov 2022 after a few months of continuous selling all pointing towards the possibility of a new all time high in the coming week. Fingers crossed.

Nifty Jnr led the rally this week returning 2.8% followed by Mid-small 400 at 2% and CNX 200 at 1.96%. Nifty clocked about 1.63% to reduce the current drawdown to a mere 1.65%. Mid-Small 400 index has been the strongest among all indices having fully recovered from it’s drawdown to hit a new ATH.

All sectors ended the week in green METAL (5.65%) , PHARMA (3.94%) and IT (3.72%) taking the lead. REALTY continues to be impressive having clocked a superb 22% this FY 24. Overall, it has been a superb start to the current FY with all sectors in the positive territory.

Mi NNF 10 , Mi 30 & Mi ATH 2 led the WeekendInvesting pack this week having recorded 2% + gains. We are super happy with the optimism and momentum in the markets and we hope this continues in the times to come.

Mi ATH 2 – On a roll !

Markets have put up a strong performance in the last couple of months and Nifty is very close to hitting a new all time high. This may be a great opportunity for you to add a special strategy like Mi ATH 2 that picks up stocks with very strong momentum.

Note : We are facing some technical issues with Mi 50 data. We hope to rectify this at the earliest possible.

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

Alok Jain

Alok is the founder of weekendinvesting.com He is a veteran with over 25 years of experience in the India markets first as a member of the National Stock Exchange and in the last half a decade as a SEBI registered manager specializing in momentum based non discretionary portfolio strategies for retail investors. He is usually found on twitter at @weekendinvestng | The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. WEEKENDINVESTING ANALYTICS PRIVATE LIMITED does not uphold nor promote any of the views / opinions. | WEEKENDINVESTING ANALYTICS PRIVATE LIMITED is a SEBI registered research analyst (Regn. No. INH100008717)

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