Rajandran R 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)

Ideal Nifty trade for 29 Dec 2009

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Long Nifty in Dips with a stop loss of 5062(200 Hourly Moving Average). Reverse the position only if nifty closes below 5062 on EOD(End of the day) basis
Charts used : Hourly NMA Charts with k factor = 2 and ATR = 20
Rajandran R 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)

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7 Replies to “Ideal Nifty trade for 29 Dec 2009”

  1. Hello sir, Are you taking positions in nifty with this NMA swing signal in hourly timeframe.If so what is the reliability of the signal.Or what precautions to be taken.Or is any other signals to be observerd.Pl clarify my doughts.

  2. Its not necessary that we should follow NMA strategy alone for your daily trading. The thingis what are the guidelines we decide to set before trading based on the the strategies we follow

  3. Raj,one request how to add sma or dma's in amibroker.Thank you in advance.Wish you and all the readers a HAPPY NEW YEAR.prabha

  4. @Rashmi – ICSA looks only a breakout above 180 could make this stock in a buy mode.

  5. Hello, What are best parameters like k factor and ATR for NMA signal on a 15, 30 and 40 min time frame.

  6. I had tested with time frame daily and hourlyentry points with k=2 and ATR=20 for the signals are good. But still struggling with proper exitsNot yet tested with other timeframe.

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