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Nifty Daily

25 Feb 2021 ‚óŹ 02:45 PM

LONG%

SHORT%

67%

33%

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  15681 14912

Nifty retraced 66% of the previous decline and paused. The pause should be routine as the preferred wave count suggests that we are inside wave III of 3 and has longer to run. The immediate support is at 14912. Once we cross 15130 we should head toward the upper band near 15681.

Nifty retraced 66% of the previous decline and paused. The pause should be routine as the preferred wave count suggests that we are inside wave III of 3 and has longer to run.

Nifty has support at today's low as we left a gap behind below 15080. On the upside, the swing highs have a cluster till 15250 as the immediate resistance. After that the larger rising channel goes all the way to 16100

Nifty has support at today's low as we left a gap behind below 15080. On the upside, the swing highs have a cluster till 15250 as the immediate resistance

The nifty Midcap 100 surpassed the high of wave i of 3 in line with starting iii of iii that should take us toward the top end of the channel near 25650. The swing went up to 59 and is in a rising trend.

The nifty Midcap 100 surpassed the high of wave i of 3 in line with starting iii of iii that should take us toward the top end of the channel near 25650.

  BANK NIFTY        
 TIME TREND  Up Level   Down Level
 Short term trend Up  38500 35524

Bank nifty paused at the 78.% retracement mark, but this is wave III of 5 and should eventually surpass the high toward the upper end of the channel at 40380. The upper band is at 38500.

Bank nifty paused at the 78.% retracement mark, but this is wave III of 5 and should eventually surpass the high toward the upper end of the channel at 40380. The upper band is at 38500.

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