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, March 7, 2010

NIFTY VIEW FOR THIS WEEK

HI FRIENDS,
NIFTY OPENED GAP UP ON MONDAY & TUESDAY AND CLOSED ABOVE 50 EMA FOR 2 DAYS BY GAP UP OPENINGS AND RECHED 61.8% RETRACEMENT EASILY IN 2 DAYS ITSELF AS TOLD HERE :- CLICK AND REACHED NEARER TO DAILY PIVOT LEVELS TGT OF 5125 .97 BY  MAKING A HIGH 5118.65 ON FRIDAY, SO STILL STEAM LEFT FOR 78.6% RETRACEMENT AS CLOSED ABOVE 61.8% , AFTER REACING 5174 BE CAUTIOUS AS LOT OF PEOPLE LONG IN EARLIER RALLY , WE CAN EXPECT SELLING @ THOSE LEVELS > IF NIFTY SUSTAINS ABOVE 5174 AND CLOSED ABOVE 5200 THEN WE CAN EXPECT RALLY, BUT SUSTAINING ABOVE THESE LEVELS IS NOT SO EASY AS LOT OF SELLING PRESSURE CAN EXPECT @ 78.6% .


ATTACHING EMA CHART ALSO , 50 EMA NOW @ 4967.37 , BELOW THIS LEVEL HUGE CORRECTION, BUT PIVOT LEVEL IS 5090 SO, WE CAN EXPECT PANIC SELLING BELOW PIVOT ALSO , FOR A TGT OF 5000
RSI NOW @ 61 IT MAY REACH TO 70 BY THIS WEEKEND ,STOC AS WELL AS MACD  ALSO READY TO CUT SIGNAL IN THIS WEEK ,AS  YOU CAN WATCH CORRECTION FROM THAT LEVEL: - 


AS PER TIME ANALYSIS , NEXT REVERSAL WE CAN EXPECT ON MONDAY  & WEDNESAY REVERSAL { 8.3.10 & 10.3.10 } EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND, WE CAN DECIDE THE TREND BY OBSERVING THESE TWO DAYS EITHER WE ARE GOING TO BULLISH OR BEARISH

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