Day: December 26, 2021

Dec21W4

Dec21-W5: Final hurdles before uptrend? (Dec 27 to Dec 31)

What I said last week was ‘I don’t see why the downtrend should even pause.’ I was right but I did not expect to be so right so fast. A major gap-down opening on Monday continued by freefall meant that all objectives of the week were achieved on day 1 itself.  

Now the following is my analysis for coming week based on what I am looking at (You may want to open image in new tab or save it for better view)

This week is expected to swing both ways. As the market is rising back with a vengeance after the previous 2-3 weeks of downtrend, it will be difficult for bears to stop its momentum. Nonetheless, there are some important trendlines and price levels which can pose resistance. Overall, this week is basically not suitable for trading.  

Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…

ScenarioAnticipated Price Action
ConsolidationBetween 17500 and 16475
DowntrendIf breach below 16475; to drop somewhere till 15800
UptrendIf breach above 17500; to rise somewhere till 18300

Year 2021 has come to an end for all. It feels quite important, even for Nifty as it will start a new candle on yearly timeframe DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for

dec21w3 return

Dec21-W3: Am I overdoing the mean reversion stuff

Another good week while the market made its way to south. The main reason for goodness was mean reversion trades. If I remember correctly, I was not very comfortable in executing those as the market continued to fall even after executing the trades. I have started giving in to greed while executing these mean reversion stuff.  

So I traversed through the following candles during the week:

Here are the results  

Net Profit (after deducting brokerage)Capital deployed (approx)Week’s ROIAnnualized ROI for this weekTotal no. of weeks traded till todayAnnualized  return till today
Rs. 6870.59Rs. 1058414.71%67.83%2756.21%

The following is breakdown of week’s positions: