Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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 Candle Closes Exactly Below 31 day EMA

January 9, 2009 28 sec read

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Here is a strategy from Geniusjaggu

Nifty Breaks 31 day EMA finally and closed exactly below 31 day EMA as per daily charts. Now Iam
99.9% confident that nifty will tank 20-30% from current levels. Avoid longs till
February End. Let the Weekly RSI-2 dips below 5.

Jaggu claims that it is a Unviersal rule. 31-EMA formula is 99% perfect in predicting correction..if its 120% of EMA…

go ahead and short the market and the entire market crumbles. EMA formula works for ALL MKTS.. And the

correction will again it to 70-75% of 31day EMA

Jaggu the credit goes to you. So Iam Expecting the strategy to be explained in your blog!!!!

I think you will be more confident than me…..

Thanks Jaggu