Nifty Positional View for 20th August 2020

NSE:NIFTY   Nifty 50 Index
Current position is BUY bought on August-17-2020 at 11224

Action for 20th August 2020: Continue to hold Long and reverse to short if NIFTY closes below 11379

All Values are for August 2020 Future

Profit as of now 203 points

Trade as per your risk profile and use these for educational purpose.
These numbers are for Swing trading trading only .

Intra-day Trend change timings for 20th August : 9:30,10:27,11:38,12:43,13:46,14:48

Advise : Book partial profits 19th or 20th August as 21st is high probable trend change day but levels can be watched closely.

Past Performance :

All these trades are given in this portal which you can verify easily.
1. BUY : Profit of 386 points (1st July to 8th July 2020).
2. SELL: Loss of 54 points (8th JULY to 9th July).
3. BUY : Profit of 38 Points ( 9th July to 10th July).
4. SELL: Profit of 30 points (10th July to 17th July )
5. BUY: Profit of 418 Points (17th July to 27th July).
6. SELL: Loss of 43 points (27th July to 28th July).
7. BUY : Profit of 86 points (28th July to 29th July).
8. SELL: Profit of 262 Points(29th July to 4th August 2020)
9. BUY : Profit of 333 Points(4th August to 12th August 2020).
10. SELL: Profit of 96 Points (12th August to 17th August 2020)

Current open BUY position

Process : These swing numbers are calculated using Customized Volatility and AI algorithm (KNN Model).

Some Rules in trading system.
1. Take all trades and the numbers to hold are the last traded price of NIFTY future and not calculated close values.
2. Do not change Lot size very frequently and try to keep it constant.
3. We win 68-75% times only (changing lots will leads to losses as you may have bigger lots for loss trades and smaller one for gain trades) .
4. There are losses as well but the loss points will be smaller then gain over a period of 3 months or less.
5. Book profits at key levels (just a histogram of 2 years close will give numbers where nifty stayed for long duration.Frequency Distribution)
Comment: Dont short now as big recovery is expected
Comment: Intraday Levels

Buy Above 11318.56

Lvls 11352.39 11386.04 11413.23 11440.43 11479.15 11502.65 11582.85 11670.89

Sell Below 11277.44

Lvl 11243.61 11209.96 11182.77 11155.57 11116.85 11093.35 11013.15 10925.11


And if nifty opens gap up what should be the stop loss of short trade taken at 11330....?
There is a confusion u said if nifty closes below 11379 we should reverse to short but in intraday levels u said long above 11318 so now we should be short below 11379 or not ? Advise
Kiranks07 D_Bhalla
@D_Bhalla, 11379 is positional trade . Sin e we were long yesterday and it was a gap down we will exit at best price available ie. 11351 around today. How do know if it is best is known by intraday levels. So 11318 and above best possible price we exit and enter short.
Do not use intraday levels for positional trade.
If nifty closes below 11379 should one short for tomm what should be stop loss ?
??? Too volatile?
Kiranks07 D_Bhalla
@D_Bhalla, yes
Market crashes suddenly.... possibility of shorts below 11277.... opens up...
Kiranks07 D_Bhalla
@D_Bhalla, No . it is intact . Long for Intraday. The Transformation happened at 12.36. Huge change though. I use PE as insurance so no SL given
Okay means 2 48 PM is the end for uptrend....