NIFTY Positional View for 31st August 2020

Updated
Current position is LONG on August-21-2020 at 11375

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Action for 31 August 2020: Continue to hold LONG and reverse to Short if NIFTY closes below 11646
All Values are for September 2020 Future

Profit as of now 308 points


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

NSE:NIFTY

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)
11. BUY : Profit of 127 Points(17th August to 20th August 2020)
12. SELL: Loss of 23 points ( 20th August to 21st 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)
Note
Intraday Levels

Buy Above 11783.03

Buy levels 11814.35 11845.50 11870.67 11895.84 11931.68 11953.44 12027.69 12109.18

Sell Below 11744.97

Sell Levels

11713.65 11682.50 11657.33 11632.16 11596.32 11574.56 11500.31 11418.82
Note
Trend Change timings for 8/31

9:44
11:11
11:54
13:23
14:04
Note
No possibility good UPTREND till 13.23 . BUY only after that and Slow trend after 14:04
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