Here is a very old classical technical analysis example to trade intraday charts. All you need is the ability to identifying Slow Stochastics crossover. The Crossover’s are marked over the Nifty 5min Spot chart on 4th July 2008.
Easy Technique to follow in Intraday Nifty Trades
1)Buy Nifty when the Slow Stocastic blue line crosses the red line and slope upwards near oversold region (near 20)
2)Sell Nifty when the Slow Stocastic red line crosses the blue line near slope downwards oversold region (near 80)
Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
How to take Multiple Trades in Nifty Intraday
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