Nifty Daily
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 | 15430 | 14600 |
Nifty was marginally positive and if it goes higher I will wonder if it is wave c of a complex correction inside wave 2. Maybe maybe not. This is not the most sure-shot set up on the index, so it can waste time before it resolves.
Nifty is not showing clear direction. There are a few channels we can draw and a break below 14900 is bearish for lower levels toward 14600. A move above 15060 can push us back near the highs of 15430.
The swing came down to 50. So stocks are starting to lose momentum.
BANK NIFTY | |||
TIME | TREND | Up Level | Down Level |
Short term trend | Up | 37000 | 34373 |
Bank nifty can make one more attempt toward the upper band near 37000 or a retest of 34373. Which comes first is not very clear to me, but bank stocks did show some positive momentum in the last 2 days.
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