Nifty Positional and Sentiment View for Dec 13 2021

NIFTY Current Position is Long bought on December 7 at 17055 Action for 13 December continue long and reverse to short if NIFTY closes below 17427.25

Nifty Sentiment view for DEC 13 2021:

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

Refer to Monthly Option Strategy for Option Strategy

Refer to Weekly levels for Trade levels as in the related idea.

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 things i use on top of this.

Comment:

The second peak is little doubtful and better to exit at first one. Could also be a short opportunity at the time marked by star

Comment:

NIFTY16DEC17700CE

Buy Above: 72.20

Open Price: 65.00

Buy Targets: 84.04 95.82 105.35 114.87 128.42 136.65 164.73 195.56

Sell Below: 57.80

Sell Targets are: 45.96 34.18 24.65 15.13 1.58



NIFTY16DEC17600PE

Buy Above: 115.19

Open Price: 104.90

Buy Targets: 132.12 148.95 162.56 176.17 195.55 207.31 247.44 291.50

Sell Below: 94.61

Sell Targets are: 77.68 60.85 47.24 33.63 14.25 2.49

Comment:

10:51 : BUY 17600 PE 94-105 SL 90

Comment:

TGT 132-149 1 PM

Comment:

We will see a resistance @ 12.44-12.53 to 17631.84 then we should take PE again

Comment:

Dont trade CE rest of the day. SELLERS can SELL

Comment:

Boook 90% of PE