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Nifty Daily

9 Mar 2021 ‚óŹ 04:09 PM

LONG%

SHORT%

83%

17%

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 14862

Nifty went back above the 20dma and pushed the daily momentum into buy mode. Wave iii of c up is in progress. The idea should resolve as we progress. The next resistance is at the upper band near 15450.

Nifty went back above the 20dma and pushed the daily momentum into buy mode. Wave iii of c up is in progress. The idea should resolve as we progress.

Nifty flirted with the first breakout point and is not out of a second smaller falling channel. The upward channel around prices goes up to 15600 for the next move higher. 

Nifty flirted with the first breakout point and is not out of a second smaller falling channel. The upward channel around prices goes up to 15600 for the next move higher.

The swing declined to 34 as the broad market was weak today. 

The swing declined to 34 as the broad market was weak today. 

  BANK NIFTY        
 TIME TREND  Up Level   Down Level
 Short term trend Up  37000 34557

The 20dma is at 35941 and we did not close above that for bank nifty. Once we go higher we can think that wave III started. Till then we are stuck in the 34557-34941 trading range.

The 20dma is at 35941 and we did not close above that for bank nifty. Once we go higher we can think that wave III started. Till then we are stuck in the 34557-34941 trading range.

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