This is how I trade the nifty and have reaped huge profits. For understanding my trading system please refer to the text below the chart. Please understand it thoroughly.

If you would like to contribute to improving this system. Please go to the Tweak The System section.

>>My system :

(1) Entry: Nifty spot crosses fibonacci level 1500 mins EMA with confirmation from MACD.

(2) Nifty spot should have crossed 400 EMA also.

(3) Nifty spot should cross both these lines.

(4) You can even confirm if the Bank Nifty & CNXIT have met the above criteria. You can check it from here. LIVE Bank Nifty & CNXIT

Stop Loss: An initial acceptable range for the stop depending on your comfort level can be put. As the Nifty moves in your direction , immideately the stop is at the nearer line which was our entry signal line. The stop moves along with the line till the 400 min EMA takes over and becomes the trailing stop.

Position sizing : This is now modified and left to your discretion. However please remember, though some people try pyramiding, doing it in the nifty may be hazardous to your bank account. All entries and exits should preferably be done in one go.

You can use this chart if you wish. Make sure you have Reload Every so that your pages keep refreshing automatically. All the best and if anyone does trade this please do write in the comments and let us know if you benefitted.

Read the sytem carefully and try to understand it. Make sure you paper trade for some time before you take the plunge.

Happy Niftying.