Nifty 50 IndexShort
Nifty Positional and Sentiment View for Dec 7 2021
Updated
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Positional View for Dec 7 2021 December Future
NIFTY Current Position is Short sold on December 3 at 17289.5 Action for 7 December continue short and reverse to long if NIFTY closes above 17055.06.
Nifty Sentiment view for DEC 7 2021;
drive.google.com/file/d/1xJ9oYdlT6hMMU6Lxlu-V79DJmJV90veg/view?usp=sharing
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.
Positional View for Dec 7 2021 December Future
NIFTY Current Position is Short sold on December 3 at 17289.5 Action for 7 December continue short and reverse to long if NIFTY closes above 17055.06.
Nifty Sentiment view for DEC 7 2021;
drive.google.com/file/d/1xJ9oYdlT6hMMU6Lxlu-V79DJmJV90veg/view?usp=sharing
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.
Note
You can also refer to my Monthly Income Option Strategy for DEC as wellNote
NIFTY09DEC17000CEBuy Above: 137.07
Open Price: 125.00
Buy Targets: 156.95 176.71 192.68 208.66 231.40 245.20 292.31 344.02
Sell Below: 112.93
Sell Targets are: 93.05 73.29 57.32 41.34 18.60 4.80
NIFTY09DEC17000PE
Buy Above: 110.94
Open Price: 100.00
Buy Targets: 128.94 146.85 161.32 175.79 196.39 208.90 251.58 298.43
Sell Below: 89.06
Sell Targets are: 71.06 53.15 38.68 24.21 3.61
Note
book all CE around 12 noon or keep a Strict SLNote
Message or comment your views on the levels and supportive Sentiment chart
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