Nifty Spot Positional View for June 17 2021

Jun 16, 2021

NIFTY Current Position is Short sold on June 16 2021 at 15829 Action for 17 June : Continue short and reverse to long if NIFTY closes above 15806.48

( 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 62 Points.

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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.

Last Trade
BUY : 10 June 15676 Exit 16 June 15829 Profit of 153 Points