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, November 21, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS , AS TOLD HERE : - 14.11.10 POST 50 EMA BROKEN ON TUESDAY AND PANIC CONTINUED ON THURSDAY & FRIDAY AS THERE IS A HOLIDAY ON WEDNESDAY DUE TO BAKRI - ID AND 1ST WEEKLY SUPPORT { 5973 } BROKEN ON THURSDAY INTRADAY BUT MANAGED TO CLOSE ABOVE IN CLOSING, BUT THAT IS ALSO TEMPORARY BOUNCE AS IT CONTINUED ON FRIDAY TOO AND BROKEN 2ND WEEKLY SUPPORT { 5875 } TOO IN INTRADAY ON FRIDAY AND AGAIN MANAGED TO CLOSE ABOVE , BUT THE PICTURE IS STILL BEARISH AS I ALREADY TOLD YOU ALL NO WORRY ABOUT POSITIONAL SHORTS IN MY 14.11.10 POST & IN 7.11.10 POST . AS ALREADY BROKEN 50 EMA , NOW NEXT SUPPORT IS 100 EMA WHICH IS NOW @ 5801.69 AND TO KNOW MORE ABOUT ALL EMA { 20 @ 6097.4 ; 50 EMA @ 6001.29 ; 200 EMA @ 5502.24 } , 50 EMA & 20 EMA ACT AS RESISTANCE AS OF NOW , CLICK BELOW CHART :-

RSI @ 38.54 NEARING TO OVER SOLD REGION & STOC @ 13.24 ALREADY WENT BELOW OVER SOLD REGION , CLICK CHART TO KNOW :-

PIVOT IS 5992.50 FOR MONDAY TRADING RESISTANCE ARE 5981 - 6071 - 6130 WHERE AS SUPPORTS @ 5831 - 5773 - 5682 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 5966.1 RESISTANCE ARE @ 6068 - 6246 - 6348 WHERE AS SUPPORTS @ 5788- 5686 - 5508 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 6092 { VERY FAR FROM PRESENT LEVEL } FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS GENERATED ON 12.11.10 ACCORDING TO 7.11.10 POST EXPLANATION @ 6127 , NO WORRY ABOUT SHORTS UNTIL THIS LEVEL { REVERSE LONG LEVEL } BREAKS ON UPSIDE ON CLOSING BASIS , NIFTY GIVEN ALREADY MORE THAN 200 POINTS PROFIT FOR POSITIONAL SHORTS AND WE UPDATED IN TWITTER TO BOOK PROFITS { THOSE WHO ARE STILL HOLDING SHORTS CAN HOLD WITH THIS STOP PROFIT FOR 100 EMA TARGET } AS PER LAST WEEK POST :-

AS PER TIME ANALYSIS REVERSAL WE CAN EXPECT ON 25.11.10 THURSDAY , REVERSAL EITHER HIGH OR LOW WHICH EVER COMES FIRST AND REVERSE THE EARLIER TREND

SENSEX WITH EMA :-