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

&

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, December 5, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS , AS TOLD HERE 28.11.10 POST NIFTY MOVED WELL ABOVE OUR PANIC BUTTON AFTER CROSSING 5937 { WHICH IS UPDATED IN TWITTER ON 1ST DEC 2010 } ON 1.2.2010 . AS WE ALREADY UPDATED NIFTY WILL BOUNCE BACK AND TOLD AS OVER SOLD REGION, AND IT IS HAPPENED ON WEDNESDAY AND GIVEN NEARLY 100 POINTS PROFIT IN LONGS WHO TAKEN AFTER CROSSING 5937 . AND WE ALREADY TOLD THAT 100 EMA WILL ACT AS RESISTANCE AND IT CROSSED ON MONDAY ITSELF AND IT NEVER WENT BELOW 100 EMA ON TUESDAY ALSO . NOW NIFTY ABOVE 50 EMA { 5969.45 } & 20 EMA { 5979.01 } WHICH IS POSITIVE FOR NIFTY WHERE AS 100 EMA @ 5820.11 & 150 EMA @ 5674.02 & 200 EMA @ 5540.35 , TO KNOW CLICK CHART BELOW :-

RSI @ 49.08 UP FROM OVER SOLD REGION AS SAID IN LAST WEEK & STOC @ 51.96 GOOD IMPROVEMENT FROM 6.97 LEVEL WHICH IS ALREADY TOLD IN LAST WEEK AS OVER SOLD REGION , CLICK CHART TO KNOW :-

PIVOT IS 5994.15 FOR MONDAY TRADING RESISTANCE ARE 6024 - 6055 - 6085 WHERE AS SUPPORTS @ 5962 - 5933 - 5901 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 5925.67 RESISTANCE ARE @ 6096 - 6200 - 6371 WHERE AS SUPPORTS @ 5821- 5650 - 5547 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 5946 { CLOSE TO PRESENT LEVEL } FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL LONGS GENERATED ON 1.12.10 AS PER MY TWITTER ALERT , MOVING BELOW THIS LEVEL { REVERSE SHORT LEVEL } ON CLOSING BASIS WILL INVITE CORRECTION AGAIN IN THIS WEEK ON ANY DAY , UPTO THAT NO WORRY ABOUT POSITIONAL LONGS :-

AS PER TIME ANALYSIS , REVERSAL WE CAN EXPECT ON TUESDAY 7TH DECEMBER 2010 REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

SENSEX WITH EMA :-