Nifty Positional and Sentiment View for Dec 2 2021

NIFTY Current Position is long bought on December 1 at 17179 Action for 3 December continue long and reverse to short if NIFTY closes below 17086.92

Nifty Sentiment view for DEC 2 2021

drive.google.co...v50RQgJtKI/view?usp=sharin...

Use the Weekly levels as mentioned in Related idea :(Nov 29-DEC 3 levels).

( Idea gets posted on 15 likes and above only so guys give a like if you got benefited from this !)

Methodology to get Swing number for positional :
Take NIFTY close price of last 10 days and identify the Polynomial equation.
Yt = B0 + B1t + B2t^2 + Ut (2nd Degree Polynomial example).
if B1 > 0 and B2 >0 Increasing
if B1 >0 and B2<0 Inverted U Shape
if B1<0 and B2<0 Decreasing
if B1 < 0 and B2 > 0 U shape Data
I pro grammatically find the value of NIFTY that changes B1 and B2 to change the shape.
The degree of polynomial needs to change to 5 or 6 for accuracy , Historical validation ,customized volatility and standard deviation , Fibonacci ratios are other things i use on top of this.

Comentarios:

NIFTY21DECFUT

Buy Above: 17260.11
Open Price: 17205.00
Buy Targets: 17350.81 17441.01 17513.91 17586.81 17690.61 17753.63 17968.63 18204.64
Sell Below: 17149.89
Sell Targets are: 17059.19 16968.99 16896.09 16823.19 16719.39 16656.37 16441.37 16205.36

NIFTY09DEC17200CE
Buy Above: 198.43
Open Price: 180.00
Buy Targets: 228.75 258.92 283.29 307.67 342.38 363.45 435.34 514.26
Sell Below: 161.57
Sell Targets are: 131.25 101.08 76.71 52.33 17.62



NIFTY09DEC17200PE
Buy Above: 214.94
Open Price: 184.35
Buy Targets: 265.29 315.36 355.83 396.30 453.92 488.90 608.25 739.26
Sell Below: 153.76
Sell Targets are: 103.41 53.34 12.87

Comentarios:

NIFTY-02-DEC17200CE (Cheaper options to trade)Avoid big volumes after 1 PM
Buy Above 56.63
Buy Targets 69.19 81.68 91.78 101.87 116.24 124.97 154.74 187.42
Sell Below 41.37
Sell Targets 28.81 16.32 6.22

Comentarios:

Ignore the fall at last leg as 17405 need to be touched