Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Nifty Intraday Notes Using 5 EMA + 2 Period RSI
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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
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
3 Replies to “Nifty Intraday Notes Using 5 EMA + 2 Period…”
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.
Thats a pretty old strategy no more working in this matured market.
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.
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.
Thats a pretty old strategy no more working in this matured market.
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.