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, December 12, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE 6.12.10 POST NIFTY COULD NOT CROSS 1ST WEEKLY RESISTANCE { 6096 } ON ANY DAY [ BUT GIVEN A PROFIT OF LONGS 70 POINTS IN INTRA ON MONDAY BY CROSSING 2ND RESISTANCE { 6055 } BUT FAILED TO CLOSE ABOVE AND AS TOLD IN REVERSAL TUESDAY WENT BELOW PANIC BUTTON BUT WELL MANAGE TO CLOSE ABOVE , BUT THAT HAPPENED BECAUSE OF REVERSAL, AND WEDNESDAY AS I ALERTED IN TWITTER, BELOW PANIC BUTTON

not closing above 5975 in futures & above 5960 in spot on today closing basis , will drag markets in correction mode... http://bit.ly/ejHzRH

Risk lovers can try puts for positonal with mentioned sl on closing basis
FOLLOW THIS SL ON CLOSING BASIS FOR UR POSITIONAL SHORTS IF U DONE SHORTS ON TODAY FOR THIS WEEK :- http://yfrog.com/h2dkip

NOTE : - THIS IS SPOT NIFTY , FOLLOW IN SPOT NIFTY , NOT IN FUTURES

TWITTER 
NIFTY 100 EMA @ 5828 AS ON YESTERDAY 8.12.10 NOW ,IF THIS BREAK THEN DIRECT TO 5685 WHICH IS 150 EMA ,SHORTS FIRE http://twitpic.com/3e9l78

WE GIVEN SHORT CALL ON YESTERDAY @ 5950 IN NIFTY FUTURES FOR POSITIONAL BEARISHNESS AND TODAY LOW IS 5865 UNTIL NOW,... http://bit.ly/eGzIIT

100 ema reached as told in twitter : - http://twitter.com/rajeshsaladi and trading below that for 150 ema tgt

WE GIVEN SHORT CALL ON YESTERDAY @ 5950 IN NIFTY FUTURES FOR POSITIONAL BEARISHNESS AND TODAY LOW IS 5780 UNTIL NOW... http://bit.ly/egPf1h

5685 is 150 ema which i told the tgt in morning, and now low is 5742


above 100 ema closed and reached almost our target of 150 ema but short of 36 points


RSI @ 43.89 &  STOC @ 39.81,  CLICK CHART TO KNOW :- 
  PIVOT IS 5814.67 FOR MONDAY TRADING RESISTANCE ARE 5908 - 5959 - 6052 WHERE AS SUPPORTS @ 5763 - 5670 - 5619 , HAVE A LOOK INTO CHART TO KNOW : -
 WEEKLY PIVOT 5882.65  RESISTANCE ARE @ 6044 - 6230 - 6392 WHERE AS SUPPORTS @ 5695- 5534 - 5347 , HAVE A LOOK INTO CHART :-
  WARNING NOTE :- PANIC BUTTON @ 5918 {  JUST 60 POINTS FAR TO PRESENT LEVEL }  FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS GENERATED ON 8.12.10 AS PER MY TWITTER ALERT , MOVING ABOVE THIS LEVEL { REVERSE SHORT LEVEL } ON CLOSING BASIS WILL INVITE BULLISHNESS AGAIN IN THIS WEEK ON ANY DAY { AS SHORTS GIVEN ALREADY MORE THAN 200 POINTS IN TWO DAYS , WE ADVICED TO BOOK PROFITS } UPTO THAT NO WORRY ABOUT POSITIONAL SHORTS  :-

 AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON  MONDAY 13TH DECEMBER 2010  NEXT ON FRIDAY 17TH 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 :- 
    SENSEX WITH INDICATORS:-


SENSEX PP CHART FOR MONDAY :-
 

 SENSEX WEEKLY PP CHART :-


  19716 IS SL FOR LONGS GENERATED ON 8.12.10  , MOVING ABOVE WILL INVITE BULLISHNESS  FOR THIS WEEK FOR SENSEX AS ON 10.12.10 :-

3 comments:

  1. amazing reversal today sir... Nearly a range of 200 +points in both ways as We did short and long both in options For PGS :) thank u so much.....But just going by the warning of positional short given here and last weeks positional stop loss for longs also gave amazing profits...Thanks for such brilliant analysis.

    ReplyDelete
  2. Rajesh Sir.

    you mentioned the reversal day as 17th December, which is a trading holiday..

    please update with latest reversal day.

    ReplyDelete
  3. Dear Amit , Yes it is a trading holiday due to moharrum on 17th dec 2010, but time analysis date is on 17th , so, i updated like that

    ReplyDelete