Nifty, Bank Nifty - 5 Day Trading System & Strategy

[rmani84]

Trading System and Strategy

1) Go Long, when both Nifty and Bank Nifty are above 1350 min EMA (Red Line) on daily closing basis in the below charts.

2) Go Short, when both Nifty and Bank Nifty are below 1350 min EMA (Red Line) on daily closing basis in the below charts.

Once into Profit Zone, use Stop Loss to ensure Profits.

Enter Bank Nifty, if bank nifty crossed 1350 min EMA first .... Enter Nifty, if Nifty crossed 1350 EMA first (Pick the Leader)

Nifty - 5 Day Trading Chart

Bank Nifty - 5 Day Trading Chart

[arvind]

It's wonderful to know the trends .May it will cross EMA tomorrow sh I go long in bank futures as well.

[rmani84]

It's wonderful to know the trends .May it will cross EMA tomorrow sh I go long in bank futures as well.

Wait for Bank Nifty to also cross the EMA line ... I expect Nifty to end this expiry at 7850 or so

[avm786]

on which time frame shall we test the stategy mentioned above and best indicator to be used as stoploss?????????parabolic sar ????????????

[Kirti]

Sir for this strategy to work..do we have to look for both the indexes to go above or below the 1350 EMA line or we can take position in Nifty long if the nifty goes above the 1350 EMA line

[mani.buzzingstocks]

it will be best when both nifty and bank nifty give same signal ... buy or sell

[Kirti]

Sir,

Here what should be the stoplosses if we take position in nifty and bank nifty considering this strategy?

[Kirti]

Sir,
today both the NIfty and BankNifty touched the red Line of 1350 EMA and turned downwards ..So can we create a short position here in BankNifty?

One more thing in your Bank Nifty 350 EMA and 1350 EMA chart can you please add some more indicators like Stochistics or RSI so that we can come to know whether to go long or short (as we will know whether it is at peak or bottom)

[girishlokapure]

long on nifty at 8400

[RICHMIND]

Mani,
what is meant by 1350 min EMA line