SRK TRADING CALLS: NIFTY WEEKLY VIEW & SENSEX CHARTS

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

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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, August 22, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS , AS TOLD HERE :- 15.8.10 POST NIFTY FALL HAPPENED AFTER BREAKING 5436 AND CREATED A INTRA DAY LOW OF 5397.4 ON MONDAY AND CLOSED WELL ABOVE 20 EMA BY TAKING SUPPORT AS TOLD HERE AND SAME CONTINUED ON TUESDAY TOO AND I WARNED IN TWITTER WITH MY BELOW TWEET :-

cross of 5437 in nifty futures again another round of short covering 12:21 PM Aug 17th via TweetDeck

AND IT JUST HAPPENED AND CONTINUED UPTO WEEKEND FOR A GAIN OF MORE THAN 100 POINTS FROM MY WARNING MSG OF SHORT COVERING AND WELL SETTLED CLOSE OF ABOVE 1ST WEEKLY RESISTANCE { 5505 } . AND FOR THIS WEEK 20 EMA @ 5443.39 , TO KNOW MORE ABOUT ALL EMA { 50 @ 5366.19 ; 100 @ 5274.87 , 200 @ 5084 } , CLICK BELOW CHART :-

RSI @ 62.91; STOC @ 93.45 { CROSSED 80 }; CLICK THE CHART TO KNOW :-

PIVOT IS 5530.2 FOR MONDAY TRADING RESISTANCE ARE 5547 - 5563 - 5580 WHERE AS SUPPORTS @ 5513 - 5496 - 5480 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 5491.55 RESISTANCE ARE @ 5585 - 5640 - 5734 WHERE AS SUPPORTS @ 5436 - 5342 - 5287 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 5465.16 FOR THIS WEEK IS A STOP LOSS FOR POSITIONAL LONG GENERATED @ 5438 CROSSING AS PER TUESDAY TWEET , ANY DAY IT CAN TAKE SUPPORT @ THIS POINT ,BREAK WILL CREATE { REVERSE SHORT LEVEL } ANOTHER DAY OF SELLING AND SHORTS WILL INITIATE , HAVE A LOOK INTO THE CHART :-

AS PER TIME ANALYSIS , REVERSAL WE CAN EXPECT ON TUESDAY 24TH AUGUST 2010 REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

SENSEX WITH EMA :-