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Title: Nifty Positional Shorts based on 70/1030 EMA Strategy
From : Tanmay Roy at 09:35 AM - Jun 20, 2009 (264 days ago)

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Nift Positional Shorts  based on 70/1030 EMA Strategy

USED Moving Average Crossovers : 1030min EMA & 70 min EMA
Charts Used : 5 day Charts, 5 min Bars 

Go Long Rules
If The faster line (red ) goes above the green - > Close shorts & immediately go long.

Go Short Rules
The faster line (red ) goes below the green - > Close longs & immediately go short.

No other Indicators Needed... Works Well Especially in Volatile Times

Stop Loss
An initial acceptable range for the stop depending on your comfort level can be put. As the Nifty moves in your direction , immediately put the the stop at the purchase price + brokerage as soon as possible.
 
To Get these charts live with Zero minute delay visit http://nsetracker.blogspot.com

Nifty Hourly Charts indicates likely a minor bounce back towards 4340 levels (13EMA) as RSI shows Oversold levels

Daily Support Comes near 34 EMA levels - 4187

From Hourly  Charts:
Resistance1 : 4340 - 13 EMA
Resistance2:  4464 - 55 EMA
 
Only a recovery above 4464 indicates the continuation of bull run.
 




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