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, December 19, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS , AS TOLD HERE 12.12.10 POST NIFTY OPENED @ HIGH AND AFTER MAKING A LOW AGAIN MOVED TO HIGH ON MONDAY AND CONSOLIDATION NEARER TO PANIC BUTTON AND CROSSED ON TUESDAY AND CLOSED WELL ABOVE AND SAME CONSOLIDATION HAPPENED WEDNESDAY AND CLOSED WELL ABOVE PANIC BUTTON ON THURSDAY AND SHOWED BULLISHNESS FOR POSITIONAL , NOW 50 EMA @ 5951.23 ( JUST NEARER TO CMP ) AND WELL CROSSED 20 EMA @ 5937.38 , 100 EMA @ 5834.83 , 150 EMA @ 5700.66 , 200 EMA @ 5572.`13 , NIFTY ABOVE ALL EMA EXCEPT 50 EMA , AND IT ALREADY CROSSED IN INTRA ON THURSDAY , TO KNOW MORE CLICK CHART BELOW :-

RSI @ 49.63 & STOC @ 62.79, CLICK CHART TO KNOW :-

PIVOT IS 5919.98 FOR MONDAY TRADING RESISTANCE ARE 5984 - 6021 - 6086 WHERE AS SUPPORTS @ 5883 - 5818 - 5782 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 5900.27 RESISTANCE ARE @ 6004 - 6060 - 6164 WHERE AS SUPPORTS @ 5844 - 5740 - 5684 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 5909 { CLOSE TO PRESENT LEVEL } FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL LONGS GENERATED ON 16.12.10 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 WEDNESDAY 22ND 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 :-