Nifty View (December Future) for DEC 29 2021

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NIFTY Current Position is long bought on December 21 at 16750 Action for 29 December continue long and reverse to short if NIFTY closes below 17172.12

Sorry guys was late as i was not well yesterday

Intraday levels for DEC 29

NIFTY21DECFUT
Buy Above: 17260.47
Open Price: 17238.00
Buy Targets: 17297.44 17334.21 17363.93 17393.64 17435.95 17461.64 17549.29 17645.50
Sell Below: 17215.53
Sell Targets are: 17178.56 17141.79 17112.07 17082.36 17040.05 17014.36 16926.71 16830.50



NIFTY30DEC17200CE
Buy Above: 106.81
Open Price: 99.00
Buy Targets: 119.66 132.43 142.76 153.09 167.79 176.72 207.18 240.61
Sell Below: 91.19
Sell Targets are: 78.34 65.57 55.24 44.91 30.21 21.28



NIFTY30DEC17200PE
Buy Above: 66.04
Open Price: 60.00
Buy Targets: 75.98 85.86 93.85 101.83 113.21 120.11 143.67 169.53
Sell Below: 53.96
Sell Targets are: 44.02 34.14 26.15 18.17 6.79


Use the Weekly levels as in related idea for Trading .
Intraday guys use these levels as ladders . Support at any level is BUY and resistance to any levels is SELL. Midpoints between weekly levels also act as support and resistance when range is big.

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 things i use on top of this.
Nota
Look for CE opportunity around 11.30-40 AM and exit by 12:26 PM to 13:12 PM
nifty50Trend Analysis

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