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
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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, October 17, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS


HI FRIENDS AS TOLD HERE :- 10.10.10 POST NIFTY MOVED NEARER TO 1ST WEEKLY RESISTANCE { 6195 } BY MAKING A HIGH OF 6187.75 AND REVERSAL HAPPENED AS TOLD , AND ON TUESDAY MOVED BELOW PANIC BUTTON IN INTRA (LOW 6067 )BUT MANAGED TO CLOSE ABOVE PANIC BUTTON ( 6074 ) CLOSED @ 6090.9 AND MOVED WELL ABOVE 1ST RESISTANCE { 6195 } AND CLOSED STRONGLY ABOVE 1ST RESISTANCE SHOWS BULLISHNESS AND ON THURSDAY MOVED MORE HIGH BUT COULD NOT CROSS THE 2ND WEEKLY RESISTANCE {6287} ( HIGH IS 6284.1 ) AND REVERSAL HAPPENED ON FRIDAY AS TOLD , THIS BREAK OUT LOOKS LIKE FALSE BREAK OUT WITH LOT OF VOLATALITY IN TWO DAYS  AND STOP LOSS GIVEN IN TWITTER AS :- As many are asking giving u the stop loss for positional longs 6116 in spot nifty ; will update in detail in weekly post

WHICH IS VERY CLOSE FROM CURRENT LEVEL , ANY BREAKING OF THIS LEVEL IN CLOSING WILL DRAG MARKET INTO CORRECTION MODE UPTO 50 EMA WHICH IS @ 5827.5  TO KNOW MORE ABOUT ALL EMA { 100 @ 5612.59 ; 200 EMA @ 5337.95 } , CLICK BELOW CHART :- 
RSI @ 56.34 & STOC @ 65.59  CORRECTION HAPPENED AS TOLD IN LAST WEEK , CLICK CHART TO KNOW :- 

 PIVOT IS 6104.53 FOR MONDAY TRADING RESISTANCE ARE 6158 - 6254 - 6308 WHERE AS SUPPORTS @ 6008 - 5954 - 5858 , HAVE A LOOK INTO CHART TO KNOW : - 


 WEEKLY PIVOT 6132.37  RESISTANCE ARE @ 6214 - 6366 - 6448 WHERE AS SUPPORTS @ 5980- 5898 - 5746 , HAVE A LOOK INTO CHART :-

 WARNING NOTE :- PANIC BUTTON { REVERSE LONG LEVEL } @ 6115 FOR THIS WEEK IS A STOP LOSS FOR POSITIONAL SHORTS AS SHORTS GENERATED ON FRIDAY AS PER MY TWITTER ALERT FOR POSITIONAL  ,BEWARE IF CLOSE ABOVE 6115 ON ANY DAY IN THIS WEEK, UPTO THAT NO WORRY ABOUT SHORTS FOR POSITIONAL FOR MORE FALL,  ANY DAY CLOSE ABOVE 6115 AND BREAKS SHORT COVERING WILL HAPPEN AND LONGS FOR POSITIONAL WILL EXECUTE :- 

 AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON  MONDAY 18TH OCTOBER 2010  REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND,NEXT ON WEDNESDAY 20TH OCTOBER 2010 FOR TREND REVERSAL
SENSEX WITH EMA :- 
 
  SENSEX WITH INDICATORS:-

 SENSEX PP CHART FOR MONDAY :-


SENSEX WEEKLY PP CHART :-

 20308 SL FOR SHORTS SENSEX AS ON 15.10.10 :-

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