Nifty Intraday Trading System

By | June 18, 2010

Following is Nifty Intra Day trading System which can be used by Intra Day traders to make Profitable trades.

I call this Trading System Nifty SMA Cross Over System

System Consists of :

1. Open the Nifty Intra Charts Site — http://niftyrtcharts.blogspot.com/ . Go to 3 Chart where our Trading System is Present.

[Click on chart to Enlarge]

2. You will see the following Charts with following Averages and Indicators

10 Mins Candelstick Chart Pattern

5 Mins EMA — Green Line

20 Min EMa — Red Line

Stoch Indicator and RSI Indicator

Take Short  When 5 Min EMA ie. GREEN Line crosses below 20 Min EMA Red Line Short should be Initiated.

Target is when candle touches the lower Bollinger Band  as mentioned in Charts

Long Should be initiated when 5 EMA Green Line Crosses Red Line on Upside

System will be full of Whipsaw and Like it happen today System generated the Long Call but got Stop out after some time.

If Oscillators Overbought and Oversold include them also while taking your trading Descison.

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