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, January 2, 2011

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE 26.12.10 POST NIFTY MOVED TO 1ST DAILY RESISTANCE { 6O39 } ON MONDAY BUT COULD NOT SUSTAIN ABOVE AFTER MAKING A HIGH OF 6045.75 , BUT CLOSED WELL ABOVE PIVOT. , TUESDAY ALSO ANOTHER DAY OF CONSOLIDATION BUT WORKED WELL BY REVERSAL DAY IN TRADING PURPOSE AND BY OUR LEVELS IN NIFTY FUTURE, AND 1ST WEEKLY RESISTANCE {6056 } BROKEN ON WEDNESDAY AND CLOSED WELL ABOVE BY MAKING A HIGH OF { 6067.85 } AND AS EXPECTED IT CONTINUED ON THURSDAY TOO AND BROKEN 2ND WEEKLY RESISTANCE { 6102 } AND CLOSED ABOVE BY MAKING A HIGH OF { 6106.4 } AND IT CONTINUED ON FRIDAY TOO BY MAKING A HIGH OF { 6147.3 } BUT NOT CROSSED 3RD WEEKLY RESISTANCE { 6180 }. AS OF NOW 20 EMA IS @ 5999.74 WHICH IS TOO FAR FROM PRESENT LEVEL { SAME AS 50 EMA @ 5976.27 100 EMA @ 5869.18 150 EMA @ 5740.94 200 EMA @ 5615.03 } TO KNOW MORE CLICK CHART BELOW :-

RSI @ 61..58 { NEARER TO 70 LEVEL } & STOC @ 97.91 { ALREADY CROSSED 80 } , AS TOLD IN LAST WEEK TRIX ALREADY CROSSED 0 , MACD CROSSED 0 LINE , CLICK CHART TO KNOW :-

PIVOT IS 6128.45 FOR MONDAY TRADING RESISTANCE ARE 6153 - 6172 - 6197 WHERE AS SUPPORTS @ 6109 - 6084 - 6065 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 6088.02 RESISTANCE ARE @ 6193 - 6253 - 6358 WHERE AS SUPPORTS @ 6028 - 5922 - 5863 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 6018 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 MONDAY 3RD JANUARY 2011 NEXT ON THURSDAY 6TH JANUARY 2011 , REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

SENSEX WITH EMA :-