Strike Analytics

Nifty Daily

3 Mar 2021 ● 01:42 PM

LONG%

SHORT%

58%

42%

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  15442 15017

Nifty closed above the 20dma which is now a support level at 15017, and we head to the upper band near 15442. Above that 15670 is the next level based on the breakout from the hourly channel. The top channel line is above 16000.

Nifty closed above the 20dma which is now a support level at 15017, and we head to the upper band near 15442.

The breakout above 15060 [now support] projects the nifty can go to 15670. Today's low at 14995 leaves a gap behind which also becomes subsequent support.

The breakout above 15060 [now support] projects the nifty can go to 15670. Today's low at 14995 leaves a gap behind which also becomes subsequent support.

The swing moved up to 81, getting into the overbought zone, but it can go up to 90. Also recently we only react after negative divergences develop.

The swing moved up to 81, getting into the overbought zone, but it can go up to 90. Also recently we only react after negative divergences develop.

  BANK NIFTY        
 TIME TREND  Up Level   Down Level
 Short term trend Up  37327 35984

Bank nifty attempts lifting off by crossing the 20dma which was at 35984 which should now be a support level on a closing basis.

Bank nifty attempts lifting off by crossing the 20dma which was at 35984 which should now be a support level on a closing basis.

Comments (0)

Sort by

  • Latest First

  • Oldest First