January Trade

SHORT in Nifty since 05 Jan / 6112 spot. Profit 349 points

Saturday, January 8, 2011

day Trading set up.

Here are various strategies that you can use for day trading.

1. ema crossover. You can use 10 and 20 min ema on 5 min chart. Go long when 10 ema crosses 20 ema from below. Reverse the trade when 10 ema cuts 20 ema from above.


2.  You are likely to experience whipsaws in a volatile market. Use any additional indicator to confirm entry / exit(RSI on overbought / oversold region).

3.  Avoid trading for first 30 min after market opening.

4. Trading in stock market is risky. Do your own analysis before investing.

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