Nifty Daily
LONG% |
SHORT% |
100% |
0% |
Position Sizing model - Long % = percentage of indicators bullish v/s Short % = number of indicators bearish, Including both daily and weekly time frames.
NIFTY | |||
TIME | TREND | Up Level | Down Level |
Short term trend | Up | 14700 | 14039 |
Nifty continues toward the top end of the channel that has moved to 14700. Minor wave iii of 5 is in progress and iii=i goes above 15000, so unless iii is somehow short it is going to overshoot these channels. A new channel of the last two lows is drawn up to 14900 .
Multiple channels working on this chart and the last one has its top end at 14800.
The swing declined to 54 after touching 77 on Friday, this may look like a short term divergence but today's decline is on the back of the decline in the midcap indices in wave iv mostly.
BANK NIFTY | |||
TIME | TREND | Up Level | Down Level |
Short term trend | Up | 33300 | 30893 |
Bank nifty subdivided wave iii into i and ii so iii of iii now goes to near 33300.
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