BANKNIFTY Positional View for DEC 22 2021

已更新
BANKNIFTY Current Position is Short sold on December 16 at 36969.76 Action for 22 December continue Short and reverse to long if BANKNIFTY closes above 35095.99
(December Future)

Methodology to get Swing number for positional :
Take BANK 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.
註釋
BANKNIFTY21DECFUT ( December future)

Buy Above: 34991.34

Open Price: 34849.70

Buy Targets: 35224.45 35456.29 35643.66 35831.04 36097.81 36259.78 36812.37 37418.96

Sell Below: 34708.06

Sell Targets are: 34474.95 34243.11 34055.74 33868.36 33601.59 33439.62 32887.03 32280.44
註釋
intraday levels . Support at any level is BUY and Resistance at any level is SELL
BANKNIFTYTrend Analysis

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