SH's MArket Correction Prediction Strategy

[anilnegi]

Have a look at PNB too....15 EMA is ~700 and CMP ~651...guess, should touch 675-680?

last touched on 07.06.13

 

[timepass]

Can someone please post a 315 chart of USDINR ?? On spot level, except for a freak trade (at opening) on 6th June, it has not touched 15ema since 10th May.

The current 15ema is @58.95

 

[anup]

Hi Guys.. As per 3 ema strategy, on 28/06/2013 the 3 ema was 5743 and on 28/06/2013 it has not touched 3 ema..and can we calculate 3 ema of today at 3.20pm and if it hasnt touched, we can initiate a small short in nifty... But i dont know how to calculate 3 ema... Need seniors advice

 

[anup]

3 EMA is 5821.29 and 2 consecutive days 3 ema has not been touched by nifty..so tomorrow an interesting day.. it should touch 3 ema..let wait and watch

 

[timepass]

USDINR touched 15ema and bounced back.. left 3ema today, went against the trend (up) for 2nd day... let's see if it resumes the trend tomorrow.

 

[anup]

@TP : can u confirm the Nifty 3EMA not touching on two days consecutively..

 

[timepass]

@TP : can u confirm the Nifty 3EMA not touching on two days consecutively..

It is confirmed, as per the data of Sharekhan's TT for Nifty futures, doesn't mean that nifty will come down tomorrow, maybe the EMA will rise up to meet the price.

 

[gmt900]

@TP : can u confirm the Nifty 3EMA not touching on two days consecutively..

Since there is a crossover of 3ema and 15 ema , one should have gone long on NF at value corresponding to nifty closing of 5898.85.
Am I right?

 

[timepass]

Since there is a crossover of 3ema and 15 ema , one should have gone long on NF at value corresponding to nifty closing of 5898.85.
Am I right?

Yes, as per 315 strategy, but also, as per the market correction strategy it was the time to exit, so I think that no entry would have been more justified.

 

[anup]

Since there is a crossover of 3ema and 15 ema , one should have gone long on NF at value corresponding to nifty closing of 5898.85.
Am I right?

Yes there is a crossover of nifty.. according to 315 one should be long!!