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, October 10, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE :- 3.10.10 POST NIFTY MOVED WELL ABOVE 1ST { WEEKLY }RESISTANCE { 6209 } ON MONDAY BUT COULD NOT CLOSE ABOVE ON DAY IN THIS WEEK , BUT AS MANY ARE EXPECTING MARKET DID NOT FALL BELOW OUR PANIC LEVEL OF 5967 { UPDATED LEVEL GIVEN IN TWITTER AS 6069 ON 7TH OCT IN MARKET HOURS AS MANY ARE EXPECTING PANIC SELLING , AND 8TH OCT LOW IS 6067 no worry about positional longs until nifty spot breaks 6069 as of today !!!!! 3:20 PM Oct 7th via TweetDeck GIVEN HERE :- http://twitter.com/rajeshsaladi }

RIGHT NOW 20 EMA @ 5984.67 WHICH IS VERY FAR FROM CURRENT LEVEL , TO KNOW MORE ABOUT ALL EMA { 50 EMA @ 5758.39; 100 @ 5557.13 ; 200 EMA @ 5296.83 } , CLICK BELOW CHART :-

RSI @ 68.20 & STOC @ 76.45 GONE BELOW SELL LEVELS SHOWING BEARISHNESS FOR SOME TIME IN THE MARKETS , CLICK CHART TO KNOW :-

PIVOT IS 6106.35 FOR MONDAY TRADING RESISTANCE ARE 6145 - 6187 - 6227 WHERE AS SUPPORTS @ 6064 - 6024 - 5982 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 6131.28 RESISTANCE ARE @ 6195 - 6287 - 6351 WHERE AS SUPPORTS @ 6039- 5974 - 5882 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON { REVERSE SHORT LEVEL } @ 6074 FOR THIS WEEK IS A STOP LOSS FOR POSITIONAL LONGS ,BEWARE IF CLOSE BELOW 6074 ON ANY DAY IN THIS WEEK, UPTO THAT NO WORRY ABOUT LONGS FOR POSITIONAL FOR MORE BULL RUN, BREAKS SHORT FOR POSITIONAL WILL EXECUTE :-

AS PER TIME ANALYSIS , REVERSAL WE CAN EXPECT ON MONDAY 11TH OCTOBER 2010 REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND,NEXT ON FRIDAY 15TH OCTOBER 2010 FOR TREND REVERSAL

SENSEX WITH EMA :-