Nifty 5 EMA Weekly Trading Strategy

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.

17 Comments

  1. HEMANT said:

    DEAR BRAMESH

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

    HEMANT

    September 15, 2011
    Reply
  2. 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

    July 30, 2011
    Reply
  3. HEMANT PATIL said:

    DEAR BRAMESH SIR

    YOU BLOGS ARE MINDBLOWING HATS OFF SIR
    GOD BLESS YOU SIR

    HEAMNT PATIL

    February 12, 2011
    Reply
    • bramesh said:

      Thanks a lot

      Rgds,
      Bramesh

      February 12, 2011
      Reply
  4. 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

    February 12, 2011
    Reply
    • bramesh said:

      Hi Sir,

      It’s Working now :)

      Rgds,
      Bramesh

      February 12, 2011
      Reply
  5. 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.

    January 1, 2011
    Reply
  6. sathya said:

    Hi Bramesh,

    It is always refreshing to read your blog.

    Thank You
    Sathya

    December 1, 2010
    Reply
    • bramesh said:

      Thanks Satya for ur admirable comments

      December 1, 2010
      Reply
  7. bramesh 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

    November 10, 2010
    Reply
  8. 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

    November 7, 2010
    Reply
  9. Kesavan said:

    Sir,

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

    Regards
    K7

    November 6, 2010
    Reply
  10. HEMANT PATIL said:

    hi bramesh

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

    HEMANT

    September 17, 2010
    Reply
    • bramesh said:

      Hi Hemant,

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

      September 19, 2010
      Reply

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