Note : This is not a recommendation and I am not a registered analyst,
these are just data points and an assessment of the positives and negatives
from a longer term point of view.
Nifty Weekly
Chart 1. Strategy based on Nifty TRI
– is in exit mode and I am in liquid-bees. Bond strategy is still in buy mode
and I am holding a 10Y bond fund. If Green line in charts below is up means buy
mode and green line at 0 means exit mode. Portfolio return since 4th
November (go live) is -12.8% and current drawdown is 15% compared to Nifty ETF return
of -13.9% with a current drawdown of 17%.
Chart 2 Nifty total returns/10 year Bond index ratio is BELOW its 40-week MA &
momentum has shifted to Bonds, both indicating longer term outperformance of Bonds
vs Nifty.
Chart 3 Longer term intermarket strength is in Energy, Infra & Pharma. With Realty
and Banks at the bottom.
Chart
4 1 of the broader indices is above their respective 40-week MA, and 3
of the sector indices are above its respective 40-week MA.
Chart
5 Avg. & Median distance of all sectors from their 52-week closing high is -20%
and -17%.
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