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

Sunday, December 13, 2009

NIFTY VIEW FOR THIS WEEK




HI FRIENDS,
5038 IS 20 EMA IN LAST WEEK AND MONDAY LOW IS 5051.55 UNABLE TO BREAK 20 EMA IN LAST WEEK AND REVERSED FROM THAT LOW, SHOWED THAT MARKET STILL IN BULLISH PHASE . NEXT DAYS ALSO NIFTY GONE TO ABOVE 5100 LEVEL AND MAKES TRIPLE TOP ON FRIDAY (11.12.09) WHICH IS FORMED IN LAST WEEK ON THURSDAY (3.12.09) . NIFTY STILL IN UP TREND ,BUT NEED TO CLOSE ABOVE 5177 WHICH WAS TOLD BY ME ALREADY ,CLOSE ABOVE 5177 BEARS WILL CRY, BUT THAT WAS NOT HAPPENING SHOWING THAT MORE CONSOLIDATION IN THIS RANGE OF 5050 – 5180

AS OF NOW 20 EMA IS @  5067.63 WHICH IS GIVEN IN GRAPH, SO ANY BREAKS THIS LEVEL IN CLOSING , EXIT ALL LONG POSITIONS FOR POSITIONAL FOR A TGT OF 50 EMA @ 4978.69 , NEXT SUPPORT 70 EMA @ 4907.45 , 100 EMA @ 4781.93 
SO, WE HAVE TO WAIT FOR THE TREND THIS WEEK WHETHER BREAK OUT HAPPEN UP SIDE OR DOWN SIDE EITHER SIDE BREAK OUT WILL DECIDE




RAJESH.SALADI™


GIVING 2 CHARTS FOR EDUCATION PURPOSE : -



AS TOLD IN LAST WEEK POST , REVERSAL HAPPENED ON TUESDAY 8TH DEC NIFTY MADE A LOW & REVERSAL HAPPENED , SAME HAPPENED ON FRIDAY MARKET MADE A HIGH BCOZ OF IIP NUMBERS NEWS AND FALL 
NEXT REVERSAL DAY :-  FRIday,i.E.,18th Dec is likely to be next reversal day for thIS week
Either a high or low on this day and then can reverse the earlier trend.

 






Posted by RAJESH.SALADI™ at 12/13/2009 10:35:00 PM
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1 comment:

  1. daily2arunDecember 14, 2009 at 2:54 PM

    excellent work by rajeshsirji accurate level first day recover the subscription amount. feel confident now to succeed in nifty trading

    ReplyDelete

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