During the same period, the CNX NIFTY index went from 6526 to 8090 - a gain of about 24%. Assuming a return of 8.5% on a risk-free fixed deposit during the period, the sharpe ratio of the strategy turns out to be ~2.9, with an annual return of ~140+%.

Note however, that all’s not rosy during the period. The maximum drawdown during the period was ~28% - which means at some point, the strategy lost around Rs.2,80,000 from a previous peak.

And of course, as always, past returns are not an indication of future returns!