FI Bullets – August 2023

September 8, 2023 . Equities Desk

The month of August was a volatile ride for Nifty and BankNifty. On a monthly basis, Nifty and BankNifty were down -2.5% and -3.6%, respectively. Midcap and Smallcap Index had a dream rally and outperformed the broader market last month. Sectors such as automobiles, Metals, Realty and IT have taken their turn in the spotlight in recent weeks.

FundsIndia as a company is dedicated to providing great assistance in terms of service and transparency. Hence, we would like to share with you our performance summary for the month of August 2023.

Strike rate: 

We at FundsIndia use the term strike rate to represent the accuracy of the recommendations given by our equity research team to valued customers like you. The below graph explains in detail the strike rate in intraday, margin, momentum, and short-term trades. 

Total Recommendations – 98

  • Intraday – 45
  • Margin   – 8
  • Momentum  – 24
  • Short Term – 21

Futures and Options

Options trading is more attractive than ever due to current market conditions. Here is how our F&O recommendations resulted in August 2023. 

Total Recommendations : 37

Star performers:

Given below are a few star performers in our recommendations for the month of  August 2023. 

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