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, April 4, 2010

NIFTY WEEKLY VIEW


HI FRIENDS,
AS TOLD HERE : - CLICK NIFTY MOVED WELL ABOVE 5300 & CLOSED ABOVE 5300  ON MONDAY,BUT UNABLE TO CLOSE ABOVE  5300 ON SECOND CONSECUTIVE DAY, SHOWS SELLING PRESSURE NEARER TO DOUBLE TOP WHICH IS @ 5330 AND MADE A WEEKLY LOW OF 5235.15 , THESE WILL ACT AS SUPPORT & REISTANCE FOR BULLISH & BEARISH VIEW .ie.., 5330 {DOUBLE TOP } 5235.15 { LOWER BOTTOM } ,CLICK CHART TO KNOW WEEKLY PIVOT AND HIGH & LOW OF LAST WEEK
20 EMA IS @ 5188.61 AS OF NOW AND IT WILL ACT AS SUPPORT FOR ANY PANIC SELLING BELOW 5235 ,BREAKING OF 20 EMA TARGETS ARE SAME MENTIONED IN LAST WEEK i.e., 100 EMA @ 4798.63, CLICK CHART TO KNOW : - 
 RSI @ 65.5, STOC ALREADY CUT THE SIGNAL AND MACD READY TO CUT , SO BEWARE IF YOU ARE BORN BULL, ONLY BUY IF IT CROSSES LAST WEEK HIGH i.e., 5335.15 FOR POSITIONAL FOR A TGT OF 5460 5500 5550 .NOTE :- THIS IS FOR POSITIONAL PLAYERS ONLY ONLY IF CLOSES ABOVE 5335.15 AND CLOSE ABOVE 5300 FOR 2 DAYS , CLICK CHART TO KNOW INDICATORS :-

 CLICK THIS CHART TO KNOW DAILY PIVOT FOR MONDAY TRADING:- 

WE CAN EXPECT CONSOLIDATION IN BETWEEN LAST WEEK HIGH & LOW AS THERE IS NO POSITIVE TRIGGERS FOR MARKET NOW 

AS PER TIME ANALYSIS , NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY 7TH APRIL  2010  REVERSAL  EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND






Posted by RAJESH.SALADI™ at 4/04/2010 10:33:00 PM
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