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, May 2, 2010

NIFTY WEEKLY VIEW

HI FRIENDS , AS TOLD HERE : - CLICK NIFTY GONE WELL BELOW 20 EMA AND GONE NEARER TO 50 EMA AND TAKEN SUPPORT FOR BOUNCE BACK FOR ABOVE  20 EMA CLOSING IN WEEKEND . AS SAID RESISTANCE IS 5356 NOT TOUCHED EITHER ON MONDAY OR ON TUESDAY AFTER MAKING A HIGHS OF 5242.35 & 5330.55 RESPECTIVELY 

RIGHT NOW 20EMA @ 5265.5 & 50 EMA @ 5198.28 , IF BREAKS 50 EMA , THEN THE TARGET IS 100 EMA @ 5098.04,IF IT ALSO BREAKS THEN NEXT TARGET NEARER TO 200 EMA  @ 4821.04


ATTACHING CANDLE STUDY WITH GANN FAN HAVE A LOOK FOR SUPPORTS IN ANY PANIC KIND OF SELLINGS IN THIS MAY MONTH 
 RSI @ 52.53 HAVE A LOOK FOR ALL INDICATORS SHOWING BEARISHNESS

LAST SUPPORT @ 5231 FOR MONDAY AS PER PIVOTS  HAVE A LOOK : - 
WEEKLY SUPPORTS ARE @ 5201 - 5131 - 5106 AS PER PIVOTS 

AS PER TIME ANALYSIS , NEXT REVERSAL WE CAN EXPECT ON TUESDAY 4TH MAY  2010 REVERSAL  IF IT IS DOWN THEN IT CAN RECOVER LATER ON TUESDAY 
NEXT IS ON THURSDAY 6TH MAY 2010 IT CAN BE DECIDE WITH PREVIOUS TREND ON THAT DAY EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

Posted by RAJESH.SALADI™ at 5/02/2010 09:31:00 PM
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