MY GOLDEN QUOTE TO ALL TRADERS

TRADE WITH TREND
DON'T CHALLENGE THE MARKETS
RESPECT THE MARKETS
IT WILL ALWAYS GIVES YOU PROFITS IF YOU DO SO

CATCH ME

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RAJESH.SALADI™ Call us @ 09573399376 Contact @ srknifty@yahoo.com in yahoo srknifty@gmail.com in gtalk srknifty in skype

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

Tuesday, December 22, 2009

NIFTY FUTURES ELLIOT LEVELS FOR TRADING 23RD DEC 09


Hi friends, giving elliot levels for you all, but these are not my recommendations, my levels are giving for paid members in paid blog :-

Impulsive Wave Pattern

Wave Name Construction Termination
Wave 1 4967.1 4979.63
Wave 2 4979.63 4971.89
Wave 3 4971.89 4987.83
Wave 4 4987.83 4977.98
Wave 5 4977.98 4998.25

Wave-5 Expansion will continue till 5003.77

Corrective Wave Pattern

Wave Name Construction Termination
Wave -A 4999.9 4979.63
Wave- B 4979.63 4992.16
Wave- C 4992.16 4976.23

Wave-c Expansion will continue till 4971.89

Current Price is In the Impulsive Cycle . Impusive cycle will Fail if price fall to 4983.5


Buying is Advisable at 4979.63 with stoploss 4971.89 for Target 4998.25

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