SRK TRADING CALLS: NIFTY VIEW UPDATE FOR 27.11.09

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

&

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

Thursday, November 26, 2009

NIFTY VIEW UPDATE FOR 27.11.09

Hi friends,

hope u enjoyed POWER SHORT Below 5079.92 for a points of 106 profit as nifty futures 4973 low done on a expiry day,now for bulls one 20 ema is the hope which is @ 4993.96 as nifty well close above this level @5005.55 which feels bears fearful by this closing

20 EMA @ 4993.96 WHICH IS IMP SUPPORT
IF BREAKS THEN NEXT SUPPORT @ 50 EMA
@4912.32
ALREADY WARNED IN YESTERDAY POST
ABOUT BREAKING OF 5050 LEVEL AND ABOUT
LONG POSITIONS ALSO, DONT WORRY , WE HAVE GAINED
ENOUGH PROFITS FROM 4538 TO 5138 EVEN THOUGH MISSED THE
TARGET OF 5177 WITH JUST 39 POINTS
FOR CLEAR UNDERSTANDING GIVING FIBONACCI LEVELS ALSO FROM 4538.5 TO 5138 LEVELS

for tomorrow click the right side chart to know more, for ema finding click left chart : -