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

&

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 12, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS , AS TOLD HERE 5.9.10 POST NIFTY MOVED WELL ABOVE 1ST & 2ND WEEKLY RESISTANCE { 5612 } AND CROSSED ALL RESISTANCE OF MONDAY BY A GAP OPENING AND CLOSED WELL ABOVE WEEKLY RESISTANCE ON FRIDAY TOO AND NOT GONE NEAR TO 20 EMA ON ANY DAY IN THIS WEEK SHOWED BULLISHNESS .

NOW 20 EMA @ 5506.18 WHICH IS NEARER TO PANIC BUTTON FOR LONGS { 5540 } . TO KNOW MORE ABOUT ALL EMA { 50 @ 5429.38 ; 100 @ 5332.19 ; 200 @ 5139.35 } , CLICK BELOW CHART :-

RSI @ 67.89 { NEARER TO 7O AFTER REACHING ABOVE 70 CORRECTION } , STOC @ 94.46 { ALREADY CROSSED 80 WHICH IS OVER BOUGHT } , CLICK CHART TO KNOW :-

PIVOT IS 5631.87 FOR MONDAY TRADING RESISTANCE ARE 5655 - 5671 - 5694 WHERE AS SUPPORTS @ 5616 - 5592 - 5576 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 5589.02 RESISTANCE ARE @ 5698 - 5756 - 5866 WHERE AS SUPPORTS @ 5530- 5421 - 5362 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 5540 FOR THIS WEEK IS A STOP LOSS FOR POSITIONAL LONGS ,BEWARE IF CLOSE BELOW { REVERSE SHORT LEVEL } 5540 ON ANY DAY IN THIS WEEK, ANOTHER ROUND OF SELLING IF CLOSE BELOW 5540

AS PER TIME ANALYSIS , REVERSAL WE CAN EXPECT ON WEDNESDAY 15TH 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 :-