Nifty Positional and Sentiment View for Dec 2 2021
Updated
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 17086.92
Nifty Sentiment view for DEC 2 2021
drive.google.com/file/d/12RYTd3HBrtyN6PNPTFiIpNv50RQgJtKI/view?usp=sharing
Use the Weekly levels as mentioned in Related idea :(Nov 29-DEC 3 levels).
( Idea gets posted on 15 likes and above only so guys give a like if you got benefited from this !)
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.
Nifty Sentiment view for DEC 2 2021
drive.google.com/file/d/12RYTd3HBrtyN6PNPTFiIpNv50RQgJtKI/view?usp=sharing
Use the Weekly levels as mentioned in Related idea :(Nov 29-DEC 3 levels).
( Idea gets posted on 15 likes and above only so guys give a like if you got benefited from this !)
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.
Note
NIFTY21DECFUTBuy Above: 17260.11
Open Price: 17205.00
Buy Targets: 17350.81 17441.01 17513.91 17586.81 17690.61 17753.63 17968.63 18204.64
Sell Below: 17149.89
Sell Targets are: 17059.19 16968.99 16896.09 16823.19 16719.39 16656.37 16441.37 16205.36
NIFTY09DEC17200CE
Buy Above: 198.43
Open Price: 180.00
Buy Targets: 228.75 258.92 283.29 307.67 342.38 363.45 435.34 514.26
Sell Below: 161.57
Sell Targets are: 131.25 101.08 76.71 52.33 17.62
NIFTY09DEC17200PE
Buy Above: 214.94
Open Price: 184.35
Buy Targets: 265.29 315.36 355.83 396.30 453.92 488.90 608.25 739.26
Sell Below: 153.76
Sell Targets are: 103.41 53.34 12.87
Note
NIFTY-02-DEC17200CE (Cheaper options to trade)Avoid big volumes after 1 PMBuy Above 56.63
Buy Targets 69.19 81.68 91.78 101.87 116.24 124.97 154.74 187.42
Sell Below 41.37
Sell Targets 28.81 16.32 6.22
Note
Ignore the fall at last leg as 17405 need to be touched
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