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The document outlines a trading strategy for NIFTY intraday, emphasizing two systems: a Trend Following Strategy for directional days and a Sideways/Range Strategy for non-trending days, utilizing indicators like 9 EMA, 21 EMA, and RSI. It details specific conditions for buying and selling, stop-loss measures, and exit rules, as well as identifying market types to avoid common trading mistakes. The document also provides practical daily workflows and timing for optimal trading opportunities.

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yash.smartguy
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© All Rights Reserved
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4 views7 pages

Setup

The document outlines a trading strategy for NIFTY intraday, emphasizing two systems: a Trend Following Strategy for directional days and a Sideways/Range Strategy for non-trending days, utilizing indicators like 9 EMA, 21 EMA, and RSI. It details specific conditions for buying and selling, stop-loss measures, and exit rules, as well as identifying market types to avoid common trading mistakes. The document also provides practical daily workflows and timing for optimal trading opportunities.

Uploaded by

yash.smartguy
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Yes.

A simple but robust way to trade NIFTY intraday is to build two separate systems:

1. Trend Following Strategy → for direc onal days

2. Sideways/Range Strategy → for non-trending days

Using:

 9 EMA

 21 EMA

 RSI

This combina on works well because:

 EMA crossover iden fies momentum/trend

 RSI filters false signals and overextended entries

1. NIFTY Intraday Trend Following Strategy

Timeframe

 Main: 5 min

 Higher confirma on: 15 min

Indicators

 EMA 9

 EMA 21

 RSI 14

BUY Condi ons

Trend Filter

 9 EMA above 21 EMA

 Both EMAs sloping upward

RSI Confirma on

 RSI > 55

 Best momentum: 60–75


Entry Trigger

Enter when:

 Price closes above 9 EMA a er pullback

 OR fresh EMA crossover occurs

SELL Condi ons

Trend Filter

 9 EMA below 21 EMA

 Both EMAs sloping downward

RSI Confirma on

 RSI < 40

 Best momentum: 25–40

Entry Trigger

 Price rejects 9 EMA

 OR bearish EMA crossover

Stop Loss

Use whichever is smaller:

 Previous candle low/high

 0.35%–0.5% move in index

Exit Rules

Exit when:

 RSI weakens

 Opposite EMA crossover

 Price closes beyond 21 EMA

High Probability Trend Day Signs


Avoid early guessing.

Trend day usually shows:

 Strong opening drive

 Price staying on one side of VWAP

 EMA separa on widening

 RSI staying above 60 or below 40 con nuously

Trend Day Psychology

Bull Trend Day

 Buy dips to 9 EMA

 Avoid overbought fear

Bear Trend Day

 Sell pullbacks to 9 EMA

 Avoid catching bo om

2. NIFTY Sideways Strategy

This is where most traders lose money using EMA crossover blindly.

You need a separate logic.

Iden fy Sideways Market

Condi ons

 9 EMA and 21 EMA flat

 Frequent crossover

 RSI between 45–55

 Price oscilla ng around VWAP

This means:

 No momentum

 Market maker trap zone


Sideways Trading Strategy

Range Setup

Mark:

 First 30–60 min high

 First 30–60 min low

Trade reversals near edges.

BUY in Sideways

Enter near support when:

 RSI < 35–40

 Bullish candle forms

 Price reclaims 9 EMA

Target:

 Mid-range or opposite side

SELL in Sideways

Enter near resistance when:

 RSI > 60–65

 Bearish rejec on candle forms

 Price falls below 9 EMA

Avoid Trading When

Do NOT trade:

 Mid-range chop

 Con nuous EMA crossing

 RSI stuck 45–55

This single filter improves performance massively.


Most Important Filter: Day Type Classifica on

Before trading ask:

Is today:

A. Trend Day?

OR

B. Range Day?

This ma ers more than entry itself.

Prac cal Daily Workflow

9:15–9:30

Observe:

 Gap up/down

 VWAP behavior

 RSI strength

 EMA alignment

If Trending

Use:

 Pullback entries

 EMA con nua on

If Sideways

Use:

 Range fade strategy

 Quick targets

Best Entry Timing


Usually best moves occur:

 9:20–11:00

 1:30–2:45

Worst chop:

 11:30–1:00

Advanced Improvement

Add:

 VWAP

 Opening Range Breakout

 ATR filter

Example:
Only take EMA crossover if:

 ATR expansion happening

 Candle size above average

This removes many fake signals.

Simple Mechanical Rules

Trend BUY

 9 EMA > 21 EMA

 RSI > 55

 Buy pullback to 9 EMA

Trend SELL

 9 EMA < 21 EMA

 RSI < 45

 Sell rejec on from 9 EMA

Sideways BUY

 RSI < 40 near support


Sideways SELL

 RSI > 60 near resistance

Biggest Mistake Traders Make

Using:

 Trend strategy in sideways market


OR

 Sideways strategy in trend market

Your real edge comes from iden fying:

“What type of day is today?”

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