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

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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, February 7, 2010

NIFTY VIEW FOR THIS WEEK

HI FRIENDS,

AS SAID IN THIS POST :CLICK NIFTY CROSSED 100 EMA ON BOTH TUESDAY & WEDNESDAY { 1.2.10 & 2.2.10 } BUT FAILED TO CLOSE ABOVE 4939.25 ,OFCOURSE MADE A HIGH ABOVE 100 EMA . NOW NIFTY NEARER TO 180 EMA AND TESTED BUT NOT BROKEN ON FRIDAY TRADING DAY WHICH IS LOW4692.35 WHERE AS 180 EMA @ 4652.53 & 200 EMA @ 4572.11AS ON 6.2.10 ,NIFTY SHOULD TAKE SUPPORT @ THESE LEVELS IN A CONSOLIDATION MOOD

INVESTORS CAN START BUYING SLOWLY BECAUSE NO ONE CATCH EXACT BOTTOM NEAR TO 200 EMA . IF 200 EMA BREAKS THEN NEXT SUPPORT SEEN @ 4500 WHICH IS DOUBLE BOTTOM, SO RISK TAKERS CAN TAKE BUY POSITIONS NEARER TO 180 EMA AS WELL AS 200 EMA

ATTACHING INDICATORS CHART AS WELL AS EMA CHART, GO THROUGH THE CHARTS TO KNOW

AS PER TIME ANALYSIS MONDAY 1ST FEBRUARY 2010 GIVEN LITTLE REVERSAL
MADE A LOW4827.15 AND CLOSED @ 4914.75 AFTER MAKING A HIGH OF 4918.8 AND ON THRUSDAY 4TH FEBRUARY 2010 MADE A HIGH OF 4931.3 AND WENT DOWN TO CLOSE @ 4846.15 AFTER MAKING A LOW OF 4832.35 AS TOLD IN 31ST JANUARY 2010 POST

NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY REVERSAL { 10.2.10}

EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND