Iam this time presenting you a simple intraday strategy by using this you can analyse your favorite stocks
and can analyse when to go long or when to short on intraday basis. In this article i took Nifty as an example
to showcast the Intraday view.
Before going to our analysis section let us recap what has happened yesterdays market.
Nifty Data for 02,June 2008
Open : 4869
High : 4909
Low : 4713
Close : 4740
Also have a look at Nifty intraday chart as shown. In the Nifty Intraday CandleStick Chart you see you can notice
5 types of EMA (Exponential Moving Average)
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Click the above chart to get enlarged
3min – EMA – Red Line (closely following candle Stick)
13min – EMA – Green Line
34min – EMA – Black Line
55-min EMA – Gold Line
200 min EMA – Yellow Line ( Wont visitble good in white background so i kept it orange )
Two Simple Rules to Follow
1) Go Long if 3 EMA is above 13 EMA and 13 EMA is above 34min EMA with stop loss below 34 EMA
2) Go Short if 3 EMA is below 13 EMA and 13 EMA is below 34min EMA with Stop loss above 34 EMA
Remember : These Two rules wont follow in a range bound market and well behave in case of volatile market
If you witness from the stock that at 4870 it is clearly witness from the Intraday chart that 3 EMA is below 13 EMA and
13 EMA is below 34min EMA with Stop loss below 34 EMA. Cool We have founded the selling point in Nifty.
So one can short the market at this level with minimum stop loss at 4890 above 34min EMA. If EMA pattern reverses then your stop loss may hit.
But if you notice the chart it is clearly evident that the pattern doesnt changes until the end of the session so one can carry forward
to next day or else can book the profit.
For Real Time Intraday Charts visit our blog NSE Tracker ( Also found in our Important Link Section). Where you can find a nifty intraday chart with above mentioned EMA’s
Also you are requested not to take trade based on this two simple theory alone. As lots of patterns and signals are there and
this pattern is one among them.
We will discuss more strategies in comming days. Till then stay tuned to book your profits
For any queries or clarifications please feel free to contact me at [email protected]
Regards,
Rajandran R
Author – MarketCalls
sir this strategy is applied for which time frame of the graph is it 1 min , 30 min or ? please specify the time frame so that i can utilize this strategy.
dear rajendran sir, i am selvam. i am watching your blog daily.your explanation very simple and very powerful.sir i want to use amibroker.for that free version is enough or subscribe amibroker.how i feed data into amibroker.pls reply. Thankyou
Hi, Manjula ChandraIt can be applied for any kind of time frame
dear sir,i wanted to small thing,in your blog what dose blue bar represents.from sandeep [email protected]
Dear Rajandran sir, if there any paid service for nifty fut. by you, I would like to join you, I cant contact you, my email [email protected], Thanking you.
Dear Rajendran Sir,i have 1 question from above technicals….what is if the sequence of line is like this …TOP 3 min EMA BETWEEN 34 min EMA and after that 13 EMA…what is the signal for this order if i find this in some stock…?
Hello, I am trying to set the above standards in amibroker. When i am selecting the time frame should i set the EMA bars for open, close or average or any other price field. Please let me know. Thanks in advance for the great work.
Dear Mr. Rajandran. I recently found your blog and very much thankful to you because of your valuable posts on chart analysis. These are must know knowledges for traders. Regarding,the Nifty 50 stock chart section I found that charts are updated 15 minutes later. Can you please rectify it? In case of Nifty we get it real time. Hope you will do the needful and once again thans to you for your best efforts.
hello rajandran
in above strategy whats the use of 55 n 200 ema
dear sir,
ur ema set is wonderfull , i hv no words to say abt this setup. it work very well in intraday.
if any other such a setup is avialable with u . pl share i would be highly thankfull to u
good one.. bt one dbt sr.. sl means when 3ema graph crosin 34ema or 13ema graph crosin 34 ema? plz xplain.. 1 mr thin i want this typ of chart(include 3 min 13 min 34 min 55 min ema)for nse 50 stocks(cash)
sir,
i found this very useful. today i watched on nifty graph , where say about 3.00 pm 3-ema crossed 13-ema and the prises went up.
hoping a good next intraday lesson from you.
Hi Sir,
Your post and graph are very helpful in understanding the market for intraday. I am very new to share market. I would like to know what is 3-min EMA, 13-min EMA, 34-min EMA and 55-min EMA in nifty RT chart. What is the technique used to prepare the graph. where do i get complete knowledge.
Please reply sir.
thanks
Sreenivasa.
hallo sir,
ur site is very very useful and the charts are real time charts or some delay will be there
dear sir,
i saw your website regarding intraday techniques,really nice since i am new to this ,i am reading line by line to understand it.u can advice me i am interested in doing nifty options is it possible to do with the nifty charts intraday pattern and impliment the same in options?
Sir,Iam new to trading, the chart what you showed is for previous day right? you mean to say, from previous day chart, we can predict next day market ? please explain the procedure in detail pls.
any one knowing it please help me
dear sir kindly provide me afl for intraday trading ema 3 13 34 waiting for good response.from where i will download this kind afl.
Feels very proud about you .Congats
This is an 30 or 34 min chart
Thats a very old strategy and we are not following any more.
What is Bid & Ask Price,
Can i Place order @ LTP of a stock
Bid Price is the Price where people are willing to sell(Sellers) and Ask Price is the one where people are willing to Buy(Buyers). You can place a market order at LTP(Last traded price) or you can place a Market Order to get at current price.
How is calculation of 30day EMA Done in 5min TF
How to enter Trade with candle Stick Patterns (Hammer etc)
What is use and I fixation of 55/200 email in strategy