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 26, 2010

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE :- 17.12.10 POST NIFTY MOVED TO 1ST RESISTANCE {5984 }ON MONDAY TRADING { HIGH 5985 } BUT COULD NOT SUSTAIN ABOVE THE LEVEL AND MOVED ABOVE THE 1ST WEEKLY RESISTANCE { 6004 } ON TUESDAY & WEDNESDAY & THURSDAY ALSO IN INTRA BUT FAILED TO CLOSE ABOVE 1ST WEEKLY RESISTANCE ON BOTH DAYS AND CONSOLIDATION TAKEN PLACE BETWEEN THE PANIC BUTTON & 1ST WEEKLY RESISTANCE FOR 4 DAYS AND @ LAST BROKEN 1ST WEEKLY RESISTANCE ON FRIDAY AND CLOSED WELL ABOVE { 6011.6 } ,NOW NIFTY IS ABOVE ALL EMA'S AS OF NOW { 20 EMA @ 5956.87 & 50 EMA @ 5957.46 & 100 EMA @ 5849.14 & 150 EMA @ 5719 & 200 EMA @ 5592.27 }, TO KNOW MORE CLICK CHART BELOW :- 
RSI @ 53.50 & STOC @ 77.76 , TRIX JUST CROSSED 0 , MACD READY TO CROSS 0 LINE , CLICK CHART TO KNOW :-
  PIVOT IS 5989.73 FOR MONDAY TRADING RESISTANCE ARE 6039 - 6066 - 6116 WHERE AS SUPPORTS @ 5962 - 5912 - 5885 , HAVE A LOOK INTO CHART TO KNOW : -
  WEEKLY PIVOT 5978.55  RESISTANCE ARE @ 6056 - 6102 - 6180 WHERE AS SUPPORTS @ 5933 - 5855 - 5809 , HAVE A LOOK INTO CHART :- 
WARNING NOTE :- PANIC BUTTON @ 5953 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 TUESDAY 28TH 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 :-
 19877 IS SL FOR LONGS GENERATED ON 16.12.10  , MOVING BELOW WILL INVITE BEARISHNESS  FOR THIS WEEK FOR SENSEX AS ON 24.12.10 :-

3 comments:

  1. I have observed that ; when the Weekly MACD is < signal line ( even though the weekly MACD is > zero), the up move in the Daily usually fizzles out and the down move will resume. In the case of Nifty the price up move is also testing the resistance now
    Could u please give your comments on this?

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  2. Yes, ur observation is some how correct, but its not always , no trend is decided by only macd indicator , its a tool to predict the trend

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  3. Amazing panic button sir, same time your twitter alerts given at right time ... just the weekly pivot levels and Resistance and supports are perfect.. And no comments about PGS service.. bcos how much can i appreciate perfection.. Thanks For posting weekly posts.. Reversal also was bang on spot... Amazing work sir.. Thanks once again...

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