Thursday, February 19, 2009

Nifty futures intra day trading setup - RSI Stochastics EMA & PSAR

Nifty Futures Intra Day Trading System with RSI Stochastics EMA and PSAR

Quick instructions on how to take trades

Buy – When RSI moves above 20 from below & when the Blue stochastics line rises above the red from below 20.

Sell – When RSI moves below 80 from above & when the Blue stochastics line falls below the red from above 80.

Keep stop of 15-20 points. Keep target of 30-40 points (twice that of stop)