Reviews
Systema Monitor, my weekly look at the Indian market, and Systema Ledger, my monthly report on my own account.
Market commentary for information only. Not investment advice.
Systema Monitor · Weekly market review
Systema Monitor (Week 45)
Week ending 6 November: the Nifty 500's best week in our records, back above its long-term trend. But momentum stocks slipped back into Drawdown.
Systema Monitor (Week 44)
Week ending 30 October: Risk Off lasted one week. Every index rose about 2%, foreign investors turned net buyers, and momentum is Healthy again.
Systema Monitor (Week 43)
Week ending 23 October: the regime turns Risk Off, smallcaps fall 7%, only 33 stocks rise, and momentum stocks slip into Drawdown.
Systema Monitor (Week 42)
Week ending 16 October: a broad bounce led by the largest companies and IT, while momentum stocks gave back some of their lead. Still Quiet Downtrend.
Systema Monitor (Week 41)
Week ending 9 October: the Nifty 500 ended flat, but most stocks fell, foreign investors kept selling, and the Quiet Downtrend reached five weeks.
Systema Monitor (Week 40)
Week ending 1 October: a quiet downtrend, all four main indices down over 3%, weak breadth, and Media and Private Bank join the sector leaders.
Systema Ledger · Monthly portfolio report
Systema Ledger | October 2026 Portfolio Report
October 2026: the account fell 2.0% against the Nifty 500's 0.8%, after a sharp mid-month slide and a late recovery; options income was the main drag.
Systema Ledger | September 2026 Portfolio Report
September 2026, quarter-end edition: the account fell 4.2% against the Nifty 500's 5.9%, as the hedge and options income cushioned the fall.