Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Intraday Notes Using 5 EMA + 2 Period RSI

32 sec read


 

It is a multiple trading strategy in especially in nifty  to trade each trend and 5 EMA,Price Closing of the candle,
And 2 period RSI is used to make decisions for your intraday trades. As per 2 period RSI —- 5 indicates overbought
levels and 95 indicates oversold levels which play a considerable role in making decisions. Check out the charts
for making confirm decisions.

Above Nifty Chart Shows Buy/Sell Signals Buy means Buy or Exit Shorts .
Sell Means Short or Exit Longs

Enter Long – Exit Short Strategy

If Price Closes above 5 EMA then Enter long or Exit Short

Enter Short – Exit Short Strategy

If price Closes below 5 EMA then Enter Short or Exit Longs

For Intraday : 

Use 5 min-EMA or 15 Min Charts …. Use Above rules for 
your entry and exit 

Note : Buy/Sell Decision Should be taken only on closing of the candle

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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3 Replies to “Nifty Intraday Notes Using 5 EMA + 2 Period…”

  1. i would like to know how the 2 period RSI is used to make or confirm decision for buying or selling in your example ? Thank You.

      1. If 2 period rsi is outdated, Then what would you prefer for nifty futures trading and the how many minutes candel stick chart is better for interday trading.

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