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, September 5, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE 29.8.10 POST NIFTY GIVEN A PROFIT OF MORE THAN 100 POINTS FOR THE SHORTS GENERATED @ 5465 AS TOLD IN THIS POST :- 22.8.10 POST BY MAKING A LOW OF 5348.9 IN INTRA DAY ON TUESDAY , BUT MANAGED TO CLOSE ABOVE 50 EMA ON CLOSING BASIS { CLOSED @ 5399.65 / 50 EMA @ 5386.31 } WHICH ALREADY TOLD BY ME IN 29.8.10 POST AS A MAJOR SUPPORT 50 EMA AND IT IS LAST HOPE WHICH PROVED BY CLOSING ABOVE 50 EMA ON TUESDAY AFTER GIVING A PROFIT OF MORE THAN 100 POINTS OF SHORTS GENERATED, ONE SHOULD BOOK PROFITS ON THE SHORT CALL WHEN THEY GOT A PROFIT OF MORE THAN 100 POINTS AS THIS IS A WEEKLY ANALYSIS . PANIC BUTTON ALSO HITTED FOR SHORTS WHICH TOLD IN THE 29.8.10 POST AS 5475 AND MOVED WELL ABOVE ,BUT UNABLE TO CROSS THE 1ST RESISTANCE WEEKLY { 5508 } (THURSDAY HIGH IS 5504.95 ) .

NOW 20 EMA @ 5455.26 WHICH IS NEARER TO PANIC BUTTON FOR LONGS ( 5462 ) . TO KNOW MORE ABOUT ALL EMA { 50 @ 5398.35 ; 100 @ 5309.24 ; 200 @ 5120.24 } , CLICK BELOW CHART :-

RSI @ 54.67 STOC @ 54.67 , CLICK CHART TO KNOW :-

PIVOT IS 5487.82 FOR MONDAY TRADING RESISTANCE ARE 5501 - 5524 - 5538 WHERE AS SUPPORTS @ 5465 - 5451 - 5428 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 5447.42 RESISTANCE ARE @ 5545 - 5612 - 5710 WHERE AS SUPPORTS @ 5380- 5282 - 5215 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 5462 FOR THIS WEEK IS A STOP LOSS FOR POSITIONAL LONGS ,BEWARE IF CLOSE BELOW 5462 { REVERSE SHORT LEVEL } ON ANY DAY IN THIS WEEK, ANOTHER ROUND OF SELLING IF CLOSE BELOW 5462

AS PER TIME ANALYSIS , REVERSAL WE CAN EXPECT ON TUESDAY 7TH SEPTEMBER 2010 , NEXT REVERSAL IS ON THURSDAY 9TH SEPTEMBER 2010 REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

SENSEX WITH EMA :-