SRK TRADING CALLS: NIFTY VIEW UPDATE FOR 5.11.09

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 5, 2009

NIFTY VIEW UPDATE FOR 5.11.09

OPEN, LOW IS SAME IN NIFTY FUTURES

WHICH IS 4785.3 AND MADE FRESH LOW

OF 4581.2 @ 10.29 AM AS PER MY THEORY

IT IS STILL A BUY BECOZ OPEN,LOW SAME

AND HIGHER THAN PREVIOUS CLOSE,LONG

INITITATED @ 4594 AFTER BREAK DOWN OF LOW

FALSE BREAK DOWN OF DOUBLE BOTTOM
GIVEN CHANCE TO ENTRY FOR LATE COMERS
FOR FULL RETRACEMENT AS PER EXPECTATION

TODAY VIEW:- MAXIMUM RETRACEMENT TO 4732 IN TODAY
TRADE AS RETRACMEMNT HAPPENED YESTERDAY
ITSELF , NEED TO CROSS 4732 FOR MORE RETRACEMENT
4793 WHICH IS 50% ,LET US SEE WHAT WILL BE HIGH TODAY

regards,

rajesh