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Nifty Daily

8 Mar 2021 ‚óŹ 12:42 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  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 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. 

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. 

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.

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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