Simple Moving Average using moneycontrol.com

Here is a pretty simple strategy to trade without any technical chart. I follow this strategy for short term trading.


Strategy

1. Launch http://www.moneycontrol.com/technicals/movingavg/viewsecind.php [this link will launch and list all 50 stocks on S&P CNX Nifty
2. Check the current price of all stocks with 30,50 days SMA
3. If the current price of any stock is greater than the 30, 50 SMA, I make a note on those stocks everyday night for long and if the stock is below 30,50 I note those name for short.
4. we should also compare and make a note on yesterday's volume and open interest with today volume and OI, which will filter some more stock from the list
5. As the market open next day, visit nifty heatmap on buzzingstocks or bazaartrend website
6. Go long or short based on heat map colors

This system is very simple to follow and we don't need any technical knowledge which most of the times give a good profit, there are days I get more then 5% profit on intraday.

Place the stoploss based on your risk percentage or place it lower to 30days SMA.

Please feel free to post your comments if you have any. We can also enhance this system over a period of time if anyone is interested.
 
-umamaheswaran