Nifty Weekly Levels for December 6 - 10
All numbers are for December Future
Buy Above 17334.07
Buy Targets 17468.64 17602.48 17710.65 17818.82 17972.82 18066.32 18385.33 18735.51
Sell Below 17170.53
Sell Targets 17035.96 16902.12 16793.95 16685.78 16531.78 16438.28 16119.27 15769.09
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.
Buy Above 17334.07
Buy Targets 17468.64 17602.48 17710.65 17818.82 17972.82 18066.32 18385.33 18735.51
Sell Below 17170.53
Sell Targets 17035.96 16902.12 16793.95 16685.78 16531.78 16438.28 16119.27 15769.09
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.
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