STAIRS Weekly Report
02 Nov 2023
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Name of the Research Analyst as registered with SEBI | Weekendinvesting Analytics P Ltd |
Registered office address | B- 6/102, SAFDARJUNG ENCLAVE, NEW DELHI South West Delhi, Delhi, 110029 |
Contact Number | 7011702875 |
SEBI Registration No | INH100008717 |
Brand name | WeekendInvesting |
Name, telephone number and Email address of Research Analyst | Name : Alok JainPh no : 7011702875Â Email Address : alok@weekendinvesting.com |
Note : Nifty EXP, Options AIT, Options BUY & Futures models went live on 01 Apr 2022 while Finnifty EXP, STAIRS EXP HR and STAIRS EXP LR went live on 01 Apr 2023. The data prior to that date has been put up as a study material to understand the prior period analysis.
Nifty Weekly Range
Nifty made a low of 18837 on 26th Oct 2023 which also seems to have offered some support against the downward trend. The past week seems to have been a bit more encouraging with Nifty clocking 1.5% despite the volatility. STAIRS models once again succumbed to volatility as markets continued to be indecisive in terms of the direction.
Nifty is currently LONG heading into next expiry.
Performance Update
Another volatile week as STAIRS continued to bleed in what was a difficult week after a good previous week. Options AIT and BUY dropped between 6% to 7% as drawdowns continue in these two models. Finnifty EXP was the sole model to end the week on a positive note having clocked 1.1%. EXP LR & HR dropped between 2% and 3% erasing the good performance recorded in the past few trades. Long periods of drawdowns can frustrate everyone but this is where we need to continue to believe in the system and allow markets to issue a continuous one directional trend.
We introduced FINNIFTY expiry as well which went LIVE from first week of April'23. You can have a look at the intro video here
General Note : As drawdowns increase, we will witness an aggressive reduction in position sizing in all options models. The recovery may be slow but profit / capital protection is at the core of the strategy. Kindly come in with a mindset to stay invested in the strategies at least for a period of 18 months to be able to make the best out of STAIRS models.
Model Trade Stats
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Performance Charts
Performance Charts
Performance Charts
Performance Charts
Performance Charts
Performance Charts
Performance Charts
Introduction to STAIRS Models
You can have a look at the historical performance charts of all STAIRS models using the link below
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That's all for this week !