NIFTY Positional View for 3rd August 2020

NSE:NIFTY   Nifty 50 Index
All values are for NIFTY AUGUST Future values and NOT Spot.

Current position is SELL sold on 29 JULY 2020 at 11249.38
Action for 3rd August 2020: Continue to hold Short and reverse to BUY if NIFTY closes above 11163.31

Profit as of now 144 points

Will update Trend change timings for Monday at a later time . Thanks guys for the likes and high views (500+) of Fridays idea on Nifty .
Please provide any feedback and ask questions in comments if you want to know how this swing numbers is to be used.
Use a Heikin Ashi Chart and 1 min chart for Intra day Trading

Past Performance :
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).

Current open SELL 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: Intra day Trend Change timings

9:24 ,10:14,11:29,12:27,13:35,13:44,14:40
Comment: Intraday Levels

Buy Above :11016.87
Buy Levels
11055.00 11092.92 11123.57 11154.22 11197.85 11224.34 11314.73 11413.95

Sell below 10970.53

Sell levels
10932.40 10894.48 10863.83 10833.18 10789.55 10763.06 10672.67 10573.45
Comment: Guys 400+ view with 6 likes only ! . What is missing that you need
Comment: Book 50% profits ASAP as there will be reversal sometimes at 11000. Key frequency level


Nice analysis Kiran! What's your next target for Nifty in the coming week?
+1 Reply
Kiranks07 freakedmind
@freakedmind, I don't keep targets but effectively track trend direction. We can see keep targets but that will make us biased
@Kiranks07, well said!
Kiranks07 Kiranks07
@Kiranks07, You can see the effects of keeping Targets today. Let us catch the trend and not define where it needs to be.We will win then. Sometimes It is sold heavily initially to trap retailers
Kiranks07 shaliksha
@shaliksha currently none. What kind of information or service are you looking for
excellent analysis
carry short is alright but where to cover shorts? or every time wait for stop loss & go on making losses?
Kiranks07 ckirtane
@ckirtane, Reverse position numbers are not Stop loss numbers. It says above the number the Long trend gets active. We can book partial profits in between when it hits significant high frequency numbers. These numbers are picked up from a simple histogram of close value of last 2 years. Numbers with high frequency
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