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Nifty 5 EMA Weekly Trading Strategy

11 February 2011 10,401 views 17 Comments

5 EMA Weekly Trading Strategy can be basically used for positional traders who trade on weekly data and do not care of daily volatility in Nifty.

RULE 1: Below 5 EMA we are in a bearish Scenario and SL is closing above 5 EMA

RULE 2:Above 5 EMA we are in Bullish scenario in Short term and SL is closing above 5 EMA

As you can see in above Chart Nifty taking support at 5 EMA and bouncing back.So we need to keep 5 EMA as SL for all our Long

As per last week closing 5210 is 5 EMA so we need to keep 5210 on closing basis SL for all our longs.

Now to add more strength to our system I have added 2 more Indicator 5 EMA Low and 5 EMA High which if comined with oscillator can give profitable trades and helps in identifying are 3 types of market ie. Bearish,Bullish and Range-bound.

System Rules

1. Trading Above 5 EMA High we can except the trend to be up support at 5 EMA high. Close below 5 EMA High we can take short with positions tgt as 5 EMA Low.

2. Trading below 5 EMA Low then price is expected to be trend lower with resistance at 5 EMA Low.

2. Trading in between 5 EMA Low and 5 EMA High  trend is expected to be range bound between 5 EMA High and 5 EMA Low with resistance at 5EMA High and support at 5 EMA Low

As you can see in above charts there are many profitable trades that were excecuted, i would like to add that no system is 100% perfect and need to trade with SL for all trades

Trading is a game of Perseverance,Patience and managing Risk.

To get High and Low EMA values you can Take Charts from www.icharts.in

As per last week closing 5210 is 5 EMA so we need to keep 5210 on closing basis SL for all our longs.

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17 Comments »

  • HEMANT PATIL said:

    hi bramesh

    where shall I get nifty 5EMA HIGH AND 5EMA LOW CHART.

    HEMANT

  • bramesh (author) said:

    Hi Hemant,

    you can use icharts.in to get 5 EMA high low charts of Nifty and Stocks

  • Kesavan said:

    Sir,

    How to see this chart in real time. iCharts is showing only EOD

    Regards
    K7

  • Kesavan said:

    Hi Bramesh,

    Thank you very much for sharing the URL.

    It looks like Indicators are fixed here and i can not change it. Any idea how i could change the Indicators (i am looking for an Customer based chart).

    Also how to stop the Auto Refresh here

    Thanks in advance

    Regards
    K7

  • bramesh (author) said:

    Hi Kesavan,

    Yeah Indicators are fixed,and there are many trading system displayed on the blog.

    If you want to stop auto-refresh u can download the charts on ur system

  • sathya said:

    Hi Bramesh,

    It is always refreshing to read your blog.

    Thank You
    Sathya

  • bramesh (author) said:

    Thanks Satya for ur admirable comments

  • Adnan said:

    Hi Barmesh,

    Can you help me with the details of institution
    where I can learn Nifty Trading and also is there
    any Demo account available for Nifty Trading.

    Thanking you in advance.

  • Dhan said:

    Hi, Bramesh

    I am using your below link to see online nifty chart with different indicator it is helping a lot to take call on nifty on intraday and positional basis, from yesterday it is not working any reason.

    http://bramesh-stockcharts.blogspot.com/

    thanks
    Dhan

  • HEMANT PATIL said:

    DEAR BRAMESH SIR

    YOU BLOGS ARE MINDBLOWING HATS OFF SIR
    GOD BLESS YOU SIR

    HEAMNT PATIL

  • bramesh (author) said:

    Hi Sir,

    It’s Working now :)

    Rgds,
    Bramesh

  • bramesh (author) said:

    Thanks a lot

    Rgds,
    Bramesh

  • Dinesh Mishra said:

    Hi Bramesh,

    I am willing to use your LINKS given above for NIFTY and CASH market. But its not working. Any specific reason for not working?

    Regards,
    Dinesh Mishra

  • Bramesh (author) said:

    Dear Sir,

    Please use the link given below to access Nifty Charts.

    http://www.brameshtechanalysis.com/charts/

    Rgds,
    Bramesh

  • HEMANT said:

    DEAR BRAMESH

    WHERE CAN I GET NIFTY FUTURE INTRADAY CHARTS.
    CAN YOU HELP ME

    HEMANT

  • Bramesh (author) said:

    Hi Sir,

    Please visit these website to get Nifty Intraday chart http://niftyrtcharts.blogspot.com/

    For more Charts http://www.brameshtechanalysis.com/charts/

    Rgds

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