Nifty Daily
LONG% |
SHORT% |
25% |
75% |
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 | Down | 14878 | 14314-14200 |
The decline confirms that the rise was an x wave, though this x wave is only 3 days compared to the previous one. Once we break 14500 we should continue toward the 14314 or lower. The orange channel trendline is now closer to 14200.
Nifty started making lower highs on the hourly chart and we can make a falling channel with the top end at 14645 and lower end at 14360. If 14314 breaks expect 14200 or lower.
The swing declined to 39 and has room to decline to oversold zone below 10.
BANK NIFTY | |||
TIME | TREND | Up Level | Down Level |
Short term trend | Down | 34360 | 32150-29687 |
Bank nifty fell below the low of wave y and is now in wave z that should fill the gap down to 29687.
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