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, July 4, 2010

NIFTY WEEKLY VIEW


HI FRIENDS , AS TOLD HERE : - 27.6.10 POST NIFTY DIDNT HITTED MY PANIC BUTTON LEVEL ON MONDAY AS THE LOW OF MONDAY IS 5286.75 AND ON TUESDAY IT BROKE IN INTRA AND CLOSED WELL ABOVE THE PANIC BUTTON AND I SUGGESTED THE BULLISH MORNING DOJI STAR IN HOURLY CHART IN MY TWEETS JUST BEFORE CLOSING OF THE MARKET ON TUESDAY { ALSO SUGGESTED ABOUT 20 EMA SUPPORT @ 5223 IN MY TWEETS ON TUESDAY ITSELF AND THE DAY LOW ON WEDNESDAY IS 5223.55 AND OPEN ALSO SAME } }  AND BECAUSE OF THAT MARKET GAINED ON WEDNESDAY BY SURPRISING ALL EVEN THOUGH GLOBAL MARKETS ARE IN PANIC ON TUESDAY & OF COURSE BROKEN PANIC BUTTON LEVEL ON THURSDAY AS USUAL BECAUSE BULLISH MORNING DOJI STAR IS ON HOURLY CHART ONLY , NOT IN DAILY CHART AND IT WILL GIVE CHANCE FOR ONLY HOURS , NOT DAILY AND FALL CAME ON THURSDAY AFTER BREAKING PANIC BUTTON AND CLOSED BELOW PANIC BUTTON AND SAME HAPPENED ON FRIDAY TOO , NOW IT HAS TO CLOSE ABOVE 20 EMA , IF NOT MORE PANIC SELLING WILL COME AS RESULTS SEASON A HEAD IN THIS MONTH , LET US SEE , WHAT HAPPENS, 20  EMA @ 5227.28 & 50 EMA @ 5174.4 AS ON 2ND JULY 2010 AND MARKET CLOSED JUST BELOW 20 EMA SHOWING WEAKNESS CLICK THE CHART TO KNOW ABOUT PRESENT EMA 
RSI @ 51.73 AND MACD ,STOC ALSO SHOWING WEAKNESS BY BREAKING THE SIGNAL LINES AND TRIX TOO ,CLICK THE CHART TO KNOW : - 

PIVOT IS @ 5243.2  FOR MONDAY TRADING RESISTANCE ARE 5260 - 5294 - 5312
WHERE AS SUPPORTS @ 5209 - 5191 - 5157 , ANY CLOSE BELOW LAST SUPPORT OF 5157
WHICH IS LOWER BOTTOM ALSO CAN CREATE HEAVY SELLING , HAVE A LOOK INTO THE CHART :-
WEEKLY SUPPORTS ARE @ 5186 - 5147 - 5071  WHERE AS RESISTANCES ARE @ 5302 - 5379 - 5418  AS PER PIVOTS , HAVE A LOOK INTO THE CHART : - 

AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON TUESDAY 6TH JULY 2010 ; REVERSAL EITHER A NEW HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND
WARNING NOTE : -  IF CONSOLIDATION TAKEN BETWEEN 20 EMA & 50 EMA AND ANY CLOSE ABOVE 5260 CAN FOOL ALL SHORTERS FOR A UNEXPECTED RISE IN THE MARKETS  ON ANY DAY, SO, PUT STRICT STOP LOSS OF 5260 FOR POSITIONAL SHORTS ON CLOSING BASIS
Posted by RAJESH.SALADI™ at 7/04/2010 11:00:00 PM
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1 comment:

  1. HiralJuly 6, 2010 at 7:52 PM

    Wow sir.. What a prediction of todays reversal..simply superb.... what a stop loss for shorts... straight gone above 5300 . simple 50 + points given for those who entered long by following the stop loss for shorts.. plain and simple ... your write ups are perfect. Thanks for posting sir :)

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