Nifty Intraday Notes Using 5 EMA + 2 Period RSI

It is a multiple trading strategy in especially in nifty  to trade each trend and 5 EMA,Price Closing of the candle,

And 2 period RSI is used to make decisions for your intraday trades. As per 2 period RSI ---- 5 indicates overbought

levels and 95 indicates oversold levels which play a considerable role in making decisions. Check out the charts

for making confirm decisions.

Above Nifty Chart Shows Buy/Sell Signals Buy means Buy or Exit Shorts .
Sell Means Short or Exit Longs

Enter Long - Exit Short Strategy

If Price Closes above 5 EMA then Enter long or Exit Short

Enter Short - Exit Short Strategy


If price Closes below 5 EMA then Enter Short or Exit Longs

For Intraday : 

Use 5 min-EMA or 15 Min Charts .... Use Above rules for 
your entry and exit 

Note : Buy/Sell Decision Should be taken only on closing of the candle