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 14, 2010

NIFTY VIEW FOR THIS WEEK

HI FRIENDS,
NIFTY STILL IN CONSOLIDATION MOOD THIS WEEK, AND NOT REACHED 78.6% RETRACEMENT STILL AS TOLD IN LAST WEEK, SO, THIS MAY CONTINUE THIS WEEK ALSO, BUT THERE ARE SOME TRIGGERS WHICH CAN DRAG MARKETS DOWN THIS WEEK : -
ADVVANCE TAX NUMBERS ON TOMORROW i.e., ON MONDAY 15.3.2010
FED MEET ON TUESDAY i.e., 16.3.2010: - CLICK 

IF POSITIVE WE CAN EXPECT RALLY UPTO 5200 AND THEN 5300

MONDAY HIGH 5147.1 , TUESDAY 5131.8 ; WEDNESDAY 5137.4; THURSDAY 5152.6; FRIDAY 5158.1 SHOWING SELLING PRESSURE NEARER TO 78.6% RETRACEMENT AS TOLD IN LAST WEEK POST

WE CAN SEE SELLING PRESSURE IF 5049 CUTS WHICH IS RECENT LOW
THEN NEXT WE CAN WATCH 20 EMA AS PER EMA CHART

20 EMA @ 5017.41 WHICH IS MAJOR SUPPORT AS OF NOW AND NEXT 50 EMA @ 4995.9
IF THIS BREAKS CAN EXPECT HUGE CORRECTION UPTO 100 EMA @4939 ; 120 EMA @ 4818
180 EMA @ 4720 200 EMA @ 4650


RSI STILL @ 63.13 STOC NOT CUT YET { IN FUTURES RSI @ 70.16},MACD STILL NOT IN NEGATIVE DIVERGENCE , {BUT ANY DAY THEY CAN START SHOWS NEGATIVE SIGNALS THIS WEEK } SHOWING CONSOLIDATION FOR THIS WEEK ALSO UNTIL IT REACHES 70 . SO , WE CAN EXPECT THIS WEEK ON NEWS BASIS CORRECTION 

WEEKLY PIVOT @ 5129 ; DAILY PIVOT @ 5139 YOU CAN WATCH IN CHART

AS PER TIME ANALYSIS , NEXT REVERSAL WE CAN EXPECT ON MONDAY  & WEDNESAY REVERSAL { 15.3.10 & 17.3.10 } EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND







Posted by RAJESH.SALADI™ at 3/14/2010 10:24:00 PM
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1 comment:

  1. HiralMarch 16, 2010 at 8:49 PM

    Just like you posted last week and this week all reversals were bang on spot each indicator explanation with charts is brilliant. Thanks for posting :) Looking forward for tomorrows reversal too ..

    ReplyDelete

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