Ideal Nifty trade for 29 Dec 2009
[12/29/2009 07:31:00 AM | 7 comments ]


Long Nifty in Dips with a stop loss of 5062(200 Hourly Moving Average). Reverse the position only if nifty closes below 5062 on EOD(End of the day) basis
Charts used : Hourly NMA Charts with k factor = 2 and ATR = 20

7 comments

GSM said... @ December 29, 2009 at 9:13 AM

Hello sir,

Are you taking positions in nifty with this NMA swing signal in hourly timeframe.If so what is the reliability of the signal.Or what precautions to be taken.Or is any other signals to be observerd.Pl clarify my doughts.

Rajandran said... @ December 29, 2009 at 9:23 AM

Its not necessary that we should follow NMA strategy alone for your daily trading. The thing
is what are the guidelines we decide to set before trading based on the the strategies we follow

Anonymous said... @ December 29, 2009 at 10:26 AM

dear raj,do u track icsa.what are the prospects with a view of 3 months.regds,rashmi

Unknown said... @ December 29, 2009 at 11:07 AM

Raj,
one request how to add sma or dma's in amibroker.
Thank you in advance.
Wish you and all the readers a HAPPY NEW YEAR.
prabha

Rajandran said... @ December 29, 2009 at 8:19 PM

@Rashmi - ICSA looks only a breakout above 180 could make this stock in a buy mode.

Trader22 said... @ January 4, 2010 at 3:46 PM

Hello,
What are best parameters like k factor and ATR for NMA signal on a 15, 30 and 40 min time frame.

Rajandran said... @ January 6, 2010 at 5:11 AM

I had tested with time frame daily and hourly
entry points with k=2 and ATR=20 for the signals are good. But still struggling with proper exits
Not yet tested with other timeframe.

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