Nifty future trend as per 1SD formula

#43
Trend expectation as per 1SD method fro last week of November settlement : Uptrend conformation 7878, successful cross over above 7922 will target 7952-7992-8035. Down trend conformation 7824 successful fall below 7780 will trigger fall till 7750-7710-7666.
Range bound trend identification: if all up move invites sale above 7922 and all down move invites short covering at 7780 level this indication is sufficient to conclude that the price action is in the range of 7780-7922
What trade decision one trader should take?
a. Buying above 7878 with initial stop loss of 7824 for initial target 7922 or selling future below 7824 with stop loss 7878 for initial target 7780 is advisable. These levels are weekly levels and not to be used for intraday. Similar calculation you can do for intraday with daily volatility.
 

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