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.

What does the most basic indicators Foretell

27 sec read


 

5/13 EMA most basic indicators applied to Nifty weekly charts. And the crossover of 5/13 EMA gives
buy or sell signal.
 
5 EMA – Blue line
13 EMA – Red Line
 
If 5 EMA(shorter time frame) crosses 13 EMA(longer time frame) Buy Signal is produced
If 13 EMA(longer time frame) crosses 5 EMA(shorter time frame) Sell Signal is produced
 
In Bull Market 5 EMA and  13 EMA will act as support and in bear market 5 and 13 EMA
will act as resistance.
 
For time being Nifty is trading below 5 EMA Weekly(4839) and 13 EMA Weekly(4785). So nifty could face resistance at these levels as per 5/13 EMA principle. The Ideal strategy for investors should be in cash and traders can short nifty until nifty to sustain above these levels
 
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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0 Replies to “What does the most basic indicators Foretell”

  1. Rajandran,//In Bull Market 5 EMA and 13 EMA will act as resistance and in bear market 5 and 13 EMAwill act as resistance.//i think there is typo error as it should be in bull market 5 and 13 ema will act as support…sri

  2. dear rajandran,thnx a lot fr ur call on aban,i exited around 1600 levels,now its over 1200 so does it qualify fr a buy regds rashmi

  3. @Rashmi… Its rather good to miss a rallyrather getting strucked at higher levels.Lets wait and watch how the market behave near the 4785-4810-4840 Zone's Lots of resistance need to be broken so that we could think about buying stocks.

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