Nifty Positional Shorts based on 70/1030 EMA Strategy

From : Tanmay Roy at 09:35 AM - Jun 20, 2009 (15 months 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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From : Rajesh Kumar at 11:56 PM - Apr 04, 2010 (152 days ago)

( Write Message to Rajesh Kumar )

This can be efeectively used for positional trades . has anyone tried this before. It is an old post but that doesnt matter as long as strategy is effective. If anyone has used this please share your experience

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From : Julius Jr at 06:26 PM - Apr 18, 2010 (138 days ago)

( Write Message to Julius Jr )

Great..........

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From : Kailash Chaturvedi at 07:11 PM - Apr 18, 2010 (138 days ago)

( Write Message to Kailash Chaturvedi )

Nice strategy ....
I am using the same
but I use WMA , bollinger , candlestics, MACD , RSI and w%r with momentum and ADX alternatively ...
Periods I select as per my research results...
depending on the stock/ market volatility .
and success rate ....
u all know better than me
Regards

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Nifty Positional Shorts based on 70/1030 EMA Strategy