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Weeklymarketsanalysis

Nifty50 positional analysis Nifty the benchmark is currently placed at 38.2% retracement along with 20 ema on the weekly chart! The 17500-17550 zone has multiple moving average clusters . the trend is still strongly in favor of bulls the index is placed at trendline support too. the major concern: the open = high candle formed due to poor infy results is a pain point. talking about levels: Support for the index comes at 17550 followed by 17220-200 while resistance is placed at 17870 and 18130 zones with earning season on, expect a surprise on the cards!!
NSE:NIFTY
by pratik2358
Weekly Levels of March 2023 and Steps to find it Many people think we need levels specifically for Intraday Trades. We actually do not need them but just the weekly levels are enough. We just need to access the trend as of the previous day and the support and Resistance market is taking in Intraday to identify the trades. These levels can be calculated below 1. Take the last 3/4/5 number of Days of Close ( No High/Low required). 2. Take the Standard Deviation of the same 3. Get the Range 4. Now take the Fibonacci ratios of your choice to get the Weekly Targets For Example 16-Dec-22 18270.1 23-Dec-22 17824.1 30-Dec-22 18117.05 6-Jan-23 17,864.95 13-Jan-23 17,950.80 20-Jan-23 18,027.30 27-Jan-23 17,607.90 3-Feb-23 17,830.80 10-Feb-23 17,843.35 Excel STDEV(All last 9 days) comes to 192.66 So BUY can be 0.236*192.6+17843 ,Buy Target 1 can be 0.5*192.6+17843 SELL can be 17843-0.236*192.66,Sell Target 1 can be 17843-0.5*192.6 In the real world, this can be little too simple to use directly as the Standard Deviation alone may not suffice to get the range. Based on VIX, and ATR the number of days for Standard Deviation should dynamically change keeping past history in mind which can be done using Artificial Intelligence modeling using the number of times the price touches the level numbers basically the frequency of historical 1 min data of price. See the Data on using the Historical Frequency of data when mapped along with dynamic standard deviation give the following results. I have last 19 weeks of data if some one wants to validate them 27-Feb 3-Mar 6-Mar 10-Mar 13-Mar 17-Mar 20-Mar 24-Mar 27-Mar 31-Mar
NSE:NIFTY
by AstroAnalytica
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