March-May Oct-Dec bank stocks strategy by rep_movsd
By rep_movsd
Performance Metrics
- Author: rep_movsd
- Symbol: NSE:BANKNIFTY
- Timeframe: 1 week
- Net P&L: +686,021.35 INR (+66.14%)
- Win Rate: 100.0%
- Max Drawdown: 56,682.45 INR (4.66%)
- Total Trades: 5
Description
In the Indian market, banking stocks have some sort of cyclic nature.If you buy at the start of March and sell at the start of May and then buy at the start of Oct and sell at the start of December, you can make gains close to to "buy and hold", while being invested only for 4 months out of 12.This seems to backtest well for post 2021 on all Bank stocks I tested, including BANKNIFTY as wellCaveat: Not calculating STCG and other expenses caused by selling and buying 2 times every year.