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 28, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS , AS TOLD HERE 21.11.10 POST 100 EMA { 5801.69 } BROKEN AND GIVEN A PROFIT OF MORE THAN 300 POINTS { 1ST WEEKLY SUPPORT BROKEN WHICH IS @ 5788 } THOSE WHO SHORTED ON MONDAY ABOVE 6000 WITH A STOP LOSS OF 6092 WHICH ALREADY TOLD AS PANIC BUTTON FOR SHORTS AND NO NEED TO WORRY FOR THE WEEK IF NOT BROKEN ON HIGHER SIDE . AND THE MONDAY GAP UP OPENING IS JUST BECAUSE OF OVER SOLD REGION AS EXPLAINED WITH INDICATORS { AND ALREADY TOLD AS 50 EMA WILL ACT STIFF RESISTANCE AND IT DID ON MONDAY } , BUT COULD NOT BREAK OUR PANIC BUTTON FOR POSITIONAL SHORTS AND SHORT GIVEN EXCELLENT RESULTS FOR THE WEEK, WEEK ON WEEK BASIS THOSE WHO ARE FOLLOWING THE POSTS ARE BENEFITING WITH OUR ACCURACY . NOW NEXT SUPPORT IS @ 150 EMA WHICH IS @ 5656.18 AND NEXT WILL BE 200 EMA , AND TO KNOW MORE ABOUT ALL EMA { 20 @ 6003.74 ; 50 EMA @ 5976.99 ; 100 EMA @ 5808.18 ; 200 EMA @ 5520.24 } , 100 EMA & 50 EMA ACT AS RESISTANCE AS OF NOW , CLICK BELOW CHART :-

RSI @ 35.08 NEARING TO OVER SOLD REGION & STOC @ 6.97 ALREADY WENT BELOW OVER SOLD REGION , CLICK CHART TO KNOW :-

PIVOT IS 5760.27 FOR MONDAY TRADING RESISTANCE ARE 5830 - 5908 - 5978 WHERE AS SUPPORTS @ 5682 - 5612 - 5533 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 5820.85 RESISTANCE ARE @ 5951 - 6150 - 6281 WHERE AS SUPPORTS @ 5621- 5490 - 5291 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 5961 { 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 300 POINTS PROFIT FOR THIS WEEK THOSE WHO DID POSITIONAL SHORTS AND WE UPDATED IN TWITTER TO BOOK PROFITS { THOSE WHO ARE STILL HOLDING SHORTS CAN HOLD WITH THIS STOP PROFIT FOR 150 EMA TARGET } AS PER LAST WEEK POST :-