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Mentorship

Mentorship

Nifty Daily

25 May 2021 ‚óŹ 11:58 AM

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 15500-15750 14884

Nifty slow down its advance but it does not change the trend which remains bullish. Minor wave iii is just subdividing into 5 waves on the hourly chart and we should continue to head towards new all-time highs.15500 and then 15750.

Nifty remains inside the rising trend channel with the lower end at 15,116 and the top end at 15,500.

The swing decline to 35 even though the breath remains positive. No clear signal.

  BANK NIFTY        
 TIME TREND  Up Level   Down Level
 Short term trend Up  35405-36600 33300

Bank Nifty closed down for the day. As discussed for nifty the setup here is the same, today's decline was minor wave ii of iii. which means that wave iii is subdividing into 5 waves itself but the larger trend remains upwards and we should be heading towards 36,500.

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