Nifty Daily

LONG%	SHORT%
92%	8%

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	11383-11433	11013-10874

Nifty has not made a lot of progress in the last 2 days however the broad market was strong and the A/D ratio was fairly positive. We should soon progress toward 11400

The slow progression of higher lows points upwards. If we do break 11170 it is possible to make a case for an intraday test of 11100 one last time but otherwise we should just trend higher from the 20 hour average. 

The swing continues higher and ended at 68. A point lower than the 69 high made previously, above which the lower highs pattern will break.

BANK NIFTY
TIME	TREND	Up Level	Down Level
Short term trend	Up	22040-23211	21027

The slow progress in bank nifty has it above the 40dema today for a start. Next we need to get past the 20dma at 21945. Then wave 3 up may accelerate.