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 23, 2010

NIFTY WEEKLY VIEW


HI FRIENDS, AS TOLD HERE : - 2.5.10 POST NIFTY REACHED ALL TARGETS BY TOUCHING 200 EMA ON FRIDAY WHICH IS RIGHT NOW @ 4857.64 { 200 EMA @ 4821.04 WHEN I POSTED ON 2ND MAY 2010 WARNING POST AND NIFTY TRADING @ 5270.6 @ THAT TIME  } , I GIVEN FOR 200 EMA TARGET ON 2.5.10 POST ALONG WITH MAY MONTH PANIC SELLING WARNING , THAT IS FOR TOTAL MAY MONTH WARNING, NOT FOR THAT WEEK ONLY 

RIGHT NOW MAJOR RESISTANCE @ 4996.16 WHICH IS 150 EMA , YOU CAN WATCH THAT CROSSING FOR BULLISH SIGNAL AS ALL INDICATORS ARE COMING TO OVER SOLD ZONE , THEY WILL REACH OVER SOLD ZONE AFTER SOME CONSOLIDATION FOR 3 OR 4 TRADING DAYS , WE CAN EXPECT UPTO EXPIRY OF MAY AS MAY MONTH IS A BEARISH MONTH AS I SAID ON 2ND MAY 2010 POST 
CLICK THE TWO CHARTS TO KNOW MORE ABOUT EMA & INDICATORS MOVEMENT :- 

RSI @ 35.42 , STILL IT HAS TO GO BELOW 30 FOR OVER SOLD ZONE, AND IT WILL GO BY TAKING SOME CONSOLIDATION IN BETWEEN 200 EMA & 150 EMA ie.., @ 4857.64 & 4996.14 FOR BULLISH VIEW , I WILL UPDATE IN TWITTER IF ANY MOVEMENT IS THERE FOR BULLISH VIEW IN MIDDLE OF THE WEEK, YOU CAN FOLLOW ME @ rajeshsaladi    IN TWITTER FOR DAILY UPDATES

STILL TREND IS DOWN ONLY , ONLY WE HAVE TO WAIT FOR CORRECT SIGNALS FROM ALL INDICATORS AS PER TECHNICALS . AS TOLD IN 2.5.10 POST  GANN FAN TARGETS NEARLY REACHED , STILL TO TOUCH 4754.84 , WE SHOULD WAIT WHETHER IT WILL TAKE SUPPORTS @ THAT LEVEL OR NOT , HAVE A LOOK 2.5.10 POST AND THIS CHART TOO : - 

PIVOT IS @ 4909.87 FOR MONDAY TRADING RESISTANCE ARE 4966.58 - 5000.17 - 5056.88 
WHERE AS SUPPORTS @ 4876.28 - 4819.57 - 4785.98 , HAVE A LOOK IN THIS CHART :-
WEEKLY SUPPORTS ARE @ 4822 - 4711 - 4570  WHERE AS RESISTANCES ARE @ 5074 - 5215 - 5326  AS PER PIVOTS , HAVE A LOOK INTO THE CHART : - 

WE CAN EXPECT MINOR REVERSAL FOR TOTAL DOWN TREND IN THIS WEEK AS THIS WEEK IS A EXPIRY WEEK . AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON MONDAY 24TH MAY  2010 REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND
NEXT WE CAN EXPECT ON WEDNESDAY  26TH MAY 2010 ON ACCOUNT OF EXPIRY ALSO 
Posted by RAJESH.SALADI™ at 5/23/2010 11:50:00 PM
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1 comment:

  1. savithaMay 29, 2010 at 8:39 PM

    wt a magical statement "PIVOT IS @ 4909.87 FOR MONDAY TRADING RESISTANCE ARE 4966.58 - 5000.17 - 5056.88 WHERE AS SUPPORTS @ 4876.28 - 4819.57 - 4785.98" and market took exact support at 4785 on tuesday and closed abv resi 5056.88. In my trading journey i hv not come across anyone who has predicted market so close, any comments on this friends - savitha

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