Nifty Positional View for Dec 3 2021

NIFTY Current Position is long bought on December 1 at 17179 Action for 3 December continue long and reverse to short if NIFTY closes below 17289.50

Use the Weekly levels as mentioned in Related idea :(Nov 29-DEC 3 levels).
( Sentiment not published due to less likes )

Methodology to get Swing number for positional :
Take NIFTY close price of last 10 days and identify the Polynomial equation.
Yt = B0 + B1t + B2t^2 + Ut (2nd Degree Polynomial example).
if B1 > 0 and B2 >0 Increasing
if B1 >0 and B2<0 Inverted U Shape
if B1<0 and B2<0 Decreasing
if B1 < 0 and B2 > 0 U shape Data
I pro grammatically find the value of NIFTY that changes B1 and B2 to change the shape.
The degree of polynomial needs to change to 5 or 6 for accuracy , Historical validation ,customized volatility and standard deviation , Fibonacci ratios are other things i use on top of this.

Comment:

drive.google.co...zqfpoQvIKu/view?usp=sharin...

Sentiment Chart link

Comment:

NIFTY09DEC17400CE

Buy Above: 185.07

Open Price: 163.00

Buy Targets: 221.40 257.53 286.72 315.92 357.50 382.73 468.85 563.37

Sell Below: 140.93

Sell Targets are: 104.60 68.47 39.28 10.08



NIFTY09DEC17400PE

Buy Above: 169.46

Open Price: 148.00

Buy Targets: 204.78 239.90 268.29 296.68 337.10 361.64 445.36 537.26

Sell Below: 126.54

Sell Targets are: 91.22 56.10 27.71

Comment:

Hope all of you have benefited from the sentiment chart. if there are less like i will not post the sentiment link. Use the sentiment link as SUPPORTIVE ONLYand not PRIMARY signal to SELL or BUY.
******** Trade what you see and not what you assume **********