NIFTY Current Position is Long bought on June 10 2021 at 15676 Action for 11 June : Continue long and reverse to short if NIFTY closes below 15698
( LTP at intraday or 15:30 PM LTP and NOT close price which is a calculated price)
Profit/loss from current open trade : Profit of 61 Points.
This is a trend following approach for NIFTY using AI algorithms with Polynomial equations ,Customized volatility ,Fibonacci ratios ,Standard Deviation as main parameters. No bias on any side ,no human interpretation . Back tested for 5+ years of data .I have tested this approached for all NIFTY 50 stocks/FIN-NIFTY/ BANK-NIFTY .There are no target levels in this approach. Please trade at your own risk and i am not a SEBI Certified Analyst/advisor. Will post a detailed FAQ next week.
Last 12 Trades (1664 Points earned from 12th March to June 9)
13. SELL: June 9 to June 10 Profit of 30 points 12.BUY : May 21 to June 9 Profit of 721 points Paused up-to May 21 No trades given 11.SELL:19th April to 26 April Loss (115) points 10: BUY : 13th April-19th April Loss of (129) Points 9. SELL : 12th April - 13th April Profit of 217 Points 8. BUY : 7th April to 12 th April Loss of (141 ) Points 7. SELL : 5th April to 7th April Loss of (45) Points 6. BUY : 1 April to 5th April Profit of 27 Points. 5. SELL : 31 March to 1 April Loss of (95 ) Points 4. BUY : 26 March to March 31 Profit of 305 Points 3. SELL : 24-March to March 26 Profit of 324 Points 2. BUY : 19 March-24 March Profit of 112 Points 1 . SELL : 12 March-19 March : Profit of 483 Points
I see nifty will go down here 15750/800 range is for sell . Not againts you at all just my analyses I will wait to break high to go long .
AstroAnalytica
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@mansingn, You may be right but i do not go to predict the number and purely go my algorithm. We will reverse at our point and try to fit ourselves to the trend where ever it goes
mansingn
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Agree ,I use Elliot wave and Fibonacci to predict price . And reversal I use 3 indicators confirmation divergence on higher tf. Will be interesting to see this move . May be learning something new from you . Let’s see 🙂🙂
mansingn
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@Kiranks07 told you it was not good to go long at this price