Kiranks07

Nifty Positional View for 18th August 2020

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

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Action for 18th August 2020: Continue to hold Long and reverse to short if NIFTY closes below 11239

All Values are for August 2020 Future

Profit as of now 56 points


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

Past Performance :

All these trades are given in this portal which you can verify easily.
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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).
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Some Rules in trading system.
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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: Intraday Trend change timings 18th August 2020
9:46
10:35
11:59
12:36
14:11
14:42
Comment: Intraday Levels

Buy above 11292
Buy Levels 11317.94 11343.33 11363.86 11384.38 11413.60 11431.33 11491.86 11558.29


Sell below 11261
Sell levels 11235.86 11210.47 11189.94 11169.42 11140.20 11122.47 11061.94 10995.51

Comments

i always consider LTP for all trading purpose at all times intraday or EOD . My algo never uses Close price. I am not trading off late as I am working for Bankniifty ,Canara bank algo as many people asked me for Bankniifty swing + stocks
Reply
today is little tricky .15min chart was floating around 11224 for long time. I normally would shift to long at the same time buying same qty of PE option as insurance till there is a breakout. Will be exiting this PE once the breakout is confirmed next trading day
Reply
Durgasingh Kiranks07
@Kiranks07, okay because I wasconfused today that nifty aug fut - 15 min japanese cnd closed above 224 @ 10 :15 , 10 : 30 and stay above 12 :45 pm to 1 : 45 pm then fall anf after 30 minutes again @ 2: 35 pm it closed above 224

that why i confused that how you squared off your short position at what time

thanks a lot for your reply
Reply
Hi , sorry to bother again

my que is same , you said that Continue to hold short and reverse to long if NIFTY closes above 11224 for 17 aug

so my que is to you that :- at what time you squared off your position today and switched to long side and will square off your current position "long side to short side " at what time or on what set up basis ?

is it hekin nashi closing or simple cnd closing on which time frame ?
Reply