BANKNIFTY Positional View for DEC 23 2021

22 déc. 2021

BANKNIFTY Current Position is long bought on December 22 at 35095 Action for 23 December continue long and reverse to short if BANKNIFTY closes below 34769.78


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.

23 déc. 2021

Note

******************** BANKNIFTY view for DEC 24 ******************
BANKNIFTY Current Position is long bought on December22 at 35095 Action for 24 December continue long and reverse to short if BANKNIFTY closes below 34746.17