Nifty Spot Positional View for June 16 2021

Jun 15, 2021

NIFTY Current Position is Long bought on June 10 2021 at 15676 Action for 16 June : Continue long and reverse to short if NIFTY closes below 15829.26

( 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 193 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.