May 28, 2023 | Strategy
Weekly Market Recap Last week, I found a slightly bearish configuration on the market which appeared to have changed drastically this week. The change of setup is not completely surprising since NIFTY demonstrated some support at 21-day EMA (purple line) last week,...
May 21, 2023 | Strategy
Weekly Market Recap Last week, I pointed out that despite rising the prices, the market wobbled as the internal conditions were getting weaker, as a result, this week started off on a positive note but continued to drift lower since Tuesday. The first time, we have...
May 14, 2023 | Strategy
Weekly Market Recap Last week, we saw a sharp move up and down on price action with no change on the indices on a weekly basis which made me think that the markets have entered the supply zone, however, this past week, the indices not only resumed their uptrend but...
May 7, 2023 | Strategy
Weekly Market Recap The market has had quite a week. It looks like a lot has happened during the week, but nothing happened decisively on a weekly basis as the indices closed almost flat after having a roller-coaster ride. The show-stopper was the BANKNIFTY where...
