NIFTY Positional View for 24 July 2020
All values are for NIFTY JULY FUTURE values and NOT Spot.
Current position is BUY bought on 17 JULY 2020. @ 10751.52
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Action for July 24 2020: Continue to hold LONG and reverse to SELL if NIFTY closes below 11142.7
Profit as of now 465.8 points
Give me a "like" if you find this useful in Swing Trading. Book partial profits as well
NSE:NIFTY
Intra-day Trend Change timings for 24 JULY 2020 :: 9:35,10:03,11:42,12:13,13:48,14:23
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Use a Heikin Ashi Chart and 1 min chart for Intra day Trading
Past Performance :
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1. BUY : With a 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 )
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.
===================================
1. Take all trades
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)
Current position is BUY bought on 17 JULY 2020. @ 10751.52
==================================================================================
Action for July 24 2020: Continue to hold LONG and reverse to SELL if NIFTY closes below 11142.7
Profit as of now 465.8 points
Give me a "like" if you find this useful in Swing Trading. Book partial profits as well
NSE:NIFTY
Intra-day Trend Change timings for 24 JULY 2020 :: 9:35,10:03,11:42,12:13,13:48,14:23
=====================================================================================
Use a Heikin Ashi Chart and 1 min chart for Intra day Trading
Past Performance :
===================
1. BUY : With a 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 )
Current open BUY position
Process : These swing numbers are calculated using Customized Volatility and AI algorithm (KNN Model).
=========
Some Rules in trading system.
===================================
1. Take all trades
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)
Komen:
Intra-day levels will be published if i get 10 likes :)
Komen:
Monday July 27 after opening there is possibility of very quick recovery from where it open. So quickly book profits @ open and wait for reentry if numbers matches for Sell.
Komen:
You can observe the 13:48 Trend change direction matching perfectly for reversal today
