SRK TRADING CALLS: NIFTY VIEW FOR CRUCIAL WEEK

GOLDEN TIP FOR BEGINNERS

WHEN A INDEX OR SCRIP OPEN ,LOW ARE SAME AND HIGHER THAN PREVIOUS CLOSE {REMEMBER MUST BE HIGHER THAN PREVIOUS CLOSE} , THEN DON'T SHORT THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY LONG IN THAT COUNTER

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WHEN A INDEX OR SCRIP OPEN,HIGH ARE SAME AND LOWER THAN PREVIOUS CLOSE {REMEMBER MUST BE LOWER THAN PREVIOUS CLOSE} THEN DON'T GO LONG IN THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY SHORT IN THAT COUNTER

DISCLOSURE:- THIS IS MY PRACTICAL OBSERVATION IN MY TRADING JOURNEY AND I PUT THIS AS A THEORY FOR MY OWN TRADES , THIS IS NOT ANY ONE'S , OR NOT WRITTEN IN ANY TECHNICAL BOOKS
SOME COPY CATS COPYING THIS
TOTAL SENTENCE TO THEIR BLOGS OR WEBSITES
SO, IT IS YOUR RISK IF U DO ACTIONS ON THIS THEORY

Sunday, November 15, 2009

NIFTY VIEW FOR CRUCIAL WEEK

HI FRIENDS,

BULLISH MORNING STAR IN WEEKLY CHART SUGGEST NO WEAKNESS IN THIS WEEK CLOSE CANDLE , I EXPECT ABOVE 5000 CLOSE ONLY IN THIS WEEK , LET US SEE

AS EXPECTED NIFTY CROSSED MAJOR RESISTANCE 4863 LAST WEEK AND CLOSED WELL ABOVE THAT LEVEL AS SAID HERE IN THIS POST : - NIFTY POST 8TH NOV

NOW CONSOLIDATION CAN TAKE FOR THIS WEEK BECAUSE CONSOLIDATION NOT TAKEN @ BOTTOM LEVELS @ 4550 , NOW IT IS MUST TO TAKE CONSOLIDATION @ THIS LEVEL TO CONTINUE THE UP TREND , SO, CARRY LONGS AND BE READY TO EXIT LONGS WHEN EVER TRIGGER COMES IF MARKETS GOING INTO NEGATIVE ZONE , WE CAN EXPECT UP TREND IS OVER , IF NIFTY CLOSED BELOW 4850 ON CLOSING BASIS ALTHOUGH MARKETS ARE IN BULLISH ZONE

AS PER TIME ANALYSIS LAST MONDAY & WEDNESDAY GIVEN

REVERSAL AS PER EXPECTATION ON 8TH NOV 09 POST

NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY i,e., {18.11.09} NEXT DAY IS FRIDAY i.e., {20.11.09}TREND REVERSAL CAN TAKE AFTER MAKING A HIGH OR LOW WHICH EVER COMES FIRST AND WILL START TREND REVERSE IN THE ABOVE DAYS