SRK TRADING CALLS: NIFTY VIEW FOR THIS 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

&

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, January 24, 2010

NIFTY VIEW FOR THIS WEEK

HI FRIENDS,

NIFTY NOT MOVED ABOVE 5300 ON MONDAY {5292.5 HIGH } & TUESDAY {5287.8 HIGH } WHICH I TOLD IN LAST WEEK POST AS A RESISTANCE AND QUOTED AS 5150 - 5300 RANGE BAND CLICK AND REVERSED AS PER REVERSAL DAY OF TUESDAY, BY BREAKING 20 EMA WHICH IS @ 5191.34 AS TOLD IN ABOVE POST FROM THRUSDAY

ALREADY TOLD TO KEEP BOOKING PROFITS AND WAIT FOR SIGNAL AS ON RESULTS SEASON AND IT JUST HAPPENED ,BUT NOW ALL TALKING ABOUT CHINA MARKETS ETC.,

WE HAVE TO PREDCIT BEFORE THE NEWS COMES , THAT IS DONE BEFORE ITSELF BY SAYING STAY CAUTIOUS FROM TWO WEEKLY POSTS CLICK AND ALREADY TOLD TRIANGLE BREAK OUTS MAY FAIL MOST OF THE TIMES AND ITS JUST HAPPENED BY GIVING SIGNALS AS ITS A FALSE BREAK OUT ,THOSE WHO FOLLOWED WEEKLY POSTS PERFECTLY GAINED MORE THAN 200 POINTS IN SHORTING WITH LOW RISK AFTER BREAKING 20 EMA

OVER ALL TREND STILL UPSIDE UNTIL 100 EMA BROKEN, SO, STAY CAUTIOUS FOR THAT LEVEL, FOR YOUR CONVENEINCE I AM HERE GIVING LATEST EMA CHART WITH MORE 150 , 180, 200 , JUST FOR EDUCATION PURPOSE , YOU CAN CLEARLY SEE THE BOUNCE BACK FROM 100 EMA IN NOVEMBER 1ST WEEK

100 EMA @ 4942.57 & 150 EMA @ 4757.26 & 180 EMA @ 4628.36 & 200 EMA @ 4542.01 AS ON 22ND JAN 2010

SO, WATCH THESE LEVELS FOR GETTING OUT FULLY IF 100 EMA BROKEN IN CLOSING

ANY WAY WE HAVE TO WATCH CONSOLIDATION LEVELS FOR THIS WEEK AS EXPIRY DAYS ARE AHEAD ,

SOME FRIENDS ALREADY GOT PROFIT ON FRIDAY TRADING ITSELF BY TAKING A RISK OF 30 POINTS BY WATCHING 100 EMA WITH SPECIAL POST :- CLICK A PROFIT OF 64 POINTS :- CLICK

IF 100 EMA BROKEN ON EXPIRY DAYS AHEAD, GET OUT OF ALL POSITIONS AND WAIT FOR CLEAR SIGNAL TO ENTER INTO MARKETS

AS PER TIME ANALYSIS TUESDAY 19TH JANUARY 2010 GIVEN REVERSAL
MADE A HIGH OF 5287.8 AND REVERSED TO DOWN BY MAKING A LOW OF 5218.65 AS TOLD IN 17TH JANUARY 2010 POST

NEXT REVERSAL WE CAN EXPECT ON MONDAY REVERSAL { 25.1.10}
EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

SUPPORT, RESISTANCE ALSO WORK FOR THIS WEEK, YOU CAN WATCH DAILY

PIVOT LEVELS IN OTHER CHART

WE CAN EXPECT ANOTHER REVERSAL ON FEBRUARY 1ST 2010 ALSO