Kiranks07

Positional view for NIFTY Index for March 19 2021(Spot)

Short
NSE:NIFTY   Nifty 50 Index
I catch every trend of NIFTY and stay as long as it exists using AI algorithms with Polynomial equations ,Customized volatility ,Fibonacci ratios ,Standard Deviation as main parameters. This a trend following approach with 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/FINNIFTY/ BANKNIFTY .



NIFTY Current Position Short, sold on March 12 at 15111 .Action for 19th March, Continue short and reverse to LONG if NIFTY closes above 14627.56


Please note this number (14627.56) is a SWING number and it means if NIFTY closes (LTP @ 15:30) above this number there is a good possibility (76% chance ) of moving in UP direction next trading day.This number may come in intraday or at EOD .The price needs to be stable/traded above this number and also close above this number (both conditions ) to carry a LONG position. Keep in mind 15282 is a STRONG resistance and if we close above that UP trend will be very strong.