Nifty 8DMA plus minus trading stratagy

[sspatil]

Good strategy. What's your rules for covering up - How many points in your experience is average one should look for swing trade with this setup

Usally you will surelly get 70 points to book your gains. Then if you wish can trail some lots with 25 pts stop loss till 100-125 points to maximix. You have not worry to loss in this strategy

 

[anup]

Usally you will surelly get 70 points to book your gains. Then if you wish can trail some lots with 25 pts stop loss till 100-125 points to maximix. You have not worry to loss in this strategy

Hi SSPatil,

Can you please publish your last 5 trades entry and exit with dates as it helps to analyse with my trade and mistakes which i'm committing.

 

[GPatil]

Usally you will surelly get 70 points to book your gains. Then if you wish can trail some lots with 25 pts stop loss till 100-125 points to maximix. You have not worry to loss in this strategy

sspatil,
Thanks for your inputs.
One basic question :
We get 8 DMA level from daily NIFTY SPOT chart. e.g. at the end of 4th Dec. 2015 our level is 7872. But how to decide whether to BUY or SELL after breaching this level ?
Sorry for my basic question.

 

[traderniftybank]

Please see post 1. It is buy when nifty crosses 8 dma from below and it is sell when nifty crosses 8 dma from above.

 

[techani]

Hello,
Can this strategy be used on any scrip and in the cash segment?
I dont think there will be any problem, but will like to confirm.

Thank you.

 

[techani]

sspatil,
Thanks for your inputs.
One basic question :
We get 8 DMA level from daily NIFTY SPOT chart. e.g. at the end of 4th Dec. 2015 our level is 7872. But how to decide whether to BUY or SELL after breaching this level ?
Sorry for my basic question.

If I understood the strategy right, then one must have gone short on 4-12 opening. On 3-12 Nifty closed below 8DMA.

 

[Sammy.Young]

Hello,
Can this strategy be used on any scrip and in the cash segment?
I dont think there will be any problem, but will like to confirm.

Thank you.

Pl check for which all stocks this works.....it doesnt work with many stocks as mentioned in this thread somewhere

 

[anup]

Please see post 1. It is buy when nifty crosses 8 dma from below and it is sell when nifty crosses 8 dma from above.

Nifty 8DEMA on 02/12/2015 was 7901 and on 03/12/2015 nifty crossed 8 dema from top and it triggered sell call(it went below 7901) on 03/12/2015 with SL of 7901+27=7928 and for a target of 7901-70=7831

On 04/12/2015 target is achieved. I hope you are clear now

 

[traderniftybank]

Nifty 8DEMA on 02/12/2015 was 7901 and on 03/12/2015 nifty crossed 8 dema from top and it triggered sell call(it went below 7901) on 03/12/2015 with SL of 7901+27=7928 and for a target of 7901-70=7831

On 04/12/2015 target is achieved. I hope you are clear now

Thanks for correcting me. Though I meant it as 8 dema, I typed 8 dma by mistake, in my post.

 

[chavanms]

Trying Paper Trade of this strategy on Tata Steel 1M Future Today 1st day.

Tata Steel Yesterday 7th DEC 8DEMA- 238.4

Sell Below 238.4 SL 239.4

Target 236.

Trade Triggered 1.00pm

Target Achieved 236 at 3.00pm same day