Nifty Positional and Sentiment View for Dec 8 2021
Positional View for Dec 8 2021 December Future
NIFTY Current Position is Long bought on December 7 at 17055 Action for 8 December continue long and reverse to short if NIFTY closes below 17099.31
Nifty Sentiment view for DEC 8 2021
Not published due to less than 15 likes
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.
NIFTY Current Position is Long bought on December 7 at 17055 Action for 8 December continue long and reverse to short if NIFTY closes below 17099.31
Nifty Sentiment view for DEC 8 2021
Not published due to less than 15 likes
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:
NIFTY09DEC17300CE
Buy Above: 148.54
Open Price: 119.90
Buy Targets: 195.67 242.55 280.44 318.33 372.27 405.02 516.75 639.41
Sell Below: 91.26
Sell Targets are: 44.13
NIFTY09DEC17300PE
Buy Above: 107.20
Open Price: 91.60
Buy Targets: 132.87 158.40 179.03 199.67 229.04 246.88 307.73 374.53
Sell Below: 76.00
Sell Targets are: 50.33 24.80 4.17
Buy Above: 148.54
Open Price: 119.90
Buy Targets: 195.67 242.55 280.44 318.33 372.27 405.02 516.75 639.41
Sell Below: 91.26
Sell Targets are: 44.13
NIFTY09DEC17300PE
Buy Above: 107.20
Open Price: 91.60
Buy Targets: 132.87 158.40 179.03 199.67 229.04 246.88 307.73 374.53
Sell Below: 76.00
Sell Targets are: 50.33 24.80 4.17
Comment:
Expect a momentum after 13:04 ..Will be almost flat til then
Comment:
12:38: 17468 Weekly TGT1 is acting as resistance
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