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 | 12050-12200 | 11700 |
Nifty is getting closer to the objective of 12050 for wave iii with an open case for extending higher. So far no pauses for 7 days. 11834 and 11700 are the intraday support levels from the moving averages. holding these wave 5 up is in progress toward 12500 or higher.
Hourly channel support is at 11870 and we can go to the top end near 12100 or where wave iii=i near 12200.
The swing rose marginally to 73. A divergence still developing
BANK NIFTY | |||
TIME | TREND | Up Level | Down Level |
Short term trend | Up | 24810-25232 | 23000 |
Bank nifty went past the 61.8% mark of the fall from the Sept high. Next is the wave 1 high at 25232. Then 61.8% of the Entire fall from the Jan top at 26300. Wave iii up is going on till it is not over. 161.8% of wave i is surpassed and now 261.8% is at 24810.
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