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 31, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS , AS TOLD HERE :- 24.10.10 POST NIFTY MOVED WELL ABOVE 20 EMA AND PANIC BUTTON { 6079 } AND MOVED ABOVE 1ST WEEKLY RESISTANCE { 6139 } AND MADE A HIGH OF 6151.3 { WHICH IS NEARER TO 2ND DAILY RESISTANCE OF MONDAY }

, BUT BECAUSE OF REVERSAL MARKET WEND DOWN AFTER MAKING A HIGH ON MONDAY AND AS TOLD IN WARNING NOTE AFTER BREAKING 6079 { PANIC BUTTON } CORRECTION HAPPENED ON WEDNESDAY AND CONTINUED TO CORRECT ON THURSDAY ALSO AND AGAIN ON FRIDAY REVERSAL AND MOVED UPSIDE BUT FAILED TO CLOSE ABOVE 20 EMA AND CLOSED @ 6017.7 , NOW 20 EMA @ 6043.17 WHICH IS VERY CLOSE FROM CURRENT LEVEL . 50 EMA IS @ 5899.03 TO KNOW MORE ABOUT ALL EMA { 100 @ 5691.01 ; 200 EMA @ 5405.29 } , CLICK BELOW CHART :-

RSI @ 50.79 & STOC @ 14.76 PULL BACK HAPPENED ON MONDAY AS TOLD IN LAST WEEK STOC IS STILL OVER SOLD NOW , CLICK CHART TO KNOW :-

PIVOT IS 5995.82 FOR MONDAY TRADING RESISTANCE ARE 6054 - 6091 - 6150 WHERE AS SUPPORTS @ 5958 - 5900 - 5863 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 6035.37 RESISTANCE ARE @ 6133 - 6249 - 6347 WHERE AS SUPPORTS @ 5919- 5821 - 5705 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 6057 { ALREADY UPDATED ON FRIDAY IN TWITTER } FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS , MOVING ABOVE THIS LEVEL { REVERSE LONG LEVEL } WILL INVITE HUGE SHORT COVERING ON ANY DAY FOR THIS WEEK :-

AS PER TIME ANALYSIS REVERSAL WE CAN EXPECT ON 4.11.10 THURSDAY ,REVERSAL EITHER HIGH OR LOW WHICH EVER COMES FIRST AND REVERSE THE EARLIER TREND

SENSEX WITH EMA :-