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 31, 2010

NIFTY VIEW FOR THIS WEEK

HI FRIENDS,

AS SAID IN THIS POST CLICK NIFTY BROKEN 100 EMA AND GONE BELOW 120 EMA ALSOEXPIRY CLICK EXPIRY CLICK 2 AND TAKEN SUPPORT @ 150 EMA ON RBI MEET . AS IT IS A CRITICAL WEEK FOR THE MARKET , I UPDATED IN MIDDLE OF THE WEEK ABOUT THE SUPPORTS AND THEY GIVEN EXACT GUIDANCE FOR THE EVENTS

AND FOR RBI MEET GIVEN GUIDANCE TO TAKE SUPPORT @ 150 EMA WHICH IS @ 4763

AND LOW IS 4766 ON FRIDAY AND BOUNCED 126 POINTS FROM THAT LOW BY MAKING A HIGH OF 4893.7

UPDATE FOR INDICATORS POST CLICK:-

see the improvement in rsi after the 27th chart post from 16 to 25

see the improvement in stochastic after the 27th chart post ready to cross the signal

trix exactly gone to more minus even after nifty up 50 points from 27th closing ,gone to -2.57 from -1.07 exactly what i said in 27th chart post,ofcourse we have to wait for above 0 in trix for bullish signal

MACD histogram started giving positive divergence in histogram,but not started any in signal nor zeroline cross over

CLICK CHART TO KNOW

WAIT FOR TO CROSS OVER 100 EMA WHICH IS @ 4939.25 AS ON 29.1.10
IT HAS TO CROSS 70 EMA ALSO @ 5031.27 & 50 EMA ALSO AFTER THAT WHICH IS @ 5076.4
THEN BOUNCE BACK UPTO 5100
IF BREAKS AGAIN 150 EMA WHICH IS
@ 4764.66 THEN TARGET 4640.16 WHICH IS 180 EMA AND THEN NEXT
SUPPORT @ 200 EMA @ 4556.04 AS ON 29.1.10

AS PER TIME ANALYSIS TUESDAY 25TH JANUARY 2010 GIVEN REVERSAL
MADE A HIGH OF 5035.7 AND REVERSED TO DOWN BY MAKING A LOW OF 4983.05 AS TOLD IN 24TH JANUARY 2010 POST

NEXT REVERSAL WE CAN EXPECT ON MONDAY REVERSAL { 1.2.10}

AND ON THURSDAY { 4.2.10 }
EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

TO KNOW PRESENT EMA'S CLICK THIS CHART