Nifty Positional and Sentiment View for Dec 8 2021

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Positional View for Dec 8 2021 December Future

NIFTY Current Position is Long bought on December 7 at 17055 Action for 8 December continue long and reverse to short if NIFTY closes below 17099.31

Nifty Sentiment view for DEC 8 2021
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Refer to Monthly Option Strategy for Option Strategy

Refer to Weekly levels for Trade levels as in the related idea.

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.
Note
NIFTY09DEC17300CE
Buy Above: 148.54
Open Price: 119.90
Buy Targets: 195.67 242.55 280.44 318.33 372.27 405.02 516.75 639.41
Sell Below: 91.26
Sell Targets are: 44.13



NIFTY09DEC17300PE
Buy Above: 107.20
Open Price: 91.60
Buy Targets: 132.87 158.40 179.03 199.67 229.04 246.88 307.73 374.53
Sell Below: 76.00
Sell Targets are: 50.33 24.80 4.17
Note
Expect a momentum after 13:04 ..Will be almost flat til then
Note
12:38: 17468 Weekly TGT1 is acting as resistance
nifty50Trend Analysis

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