NSE:NIFTY Nifty 50 Index
NIFTY Current Position is long bought on May 21 at 14985 Action for 7 June : Continue long and reverse to short if NIFTY closes below 15626.43
( 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 685 Points ( Idea of May 21 not posted here ,just giving a reference )
This is a trend following approach for NIFTY using AI algorithms with Polynomial equations ,Customized ,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.
Last 11 Trades (943 Points earned from 12th March to April 29 and all trades given in Trading View ) Paused after that
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
Trend change timings for June 7 2021 Strong Trend up to 10:59 after open
Comment: Expecting to go down till 10.11 and reversal quickly upto 10.59 latter choppy