SRK TRADING CALLS: IMPORTANT UPDATE FOR WEEKLY POST

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

Tuesday, August 30, 2011

IMPORTANT UPDATE FOR WEEKLY POST

Hi friends,

Here is an important update for those who follows our weekly posts.

NIFTY Already closed above panic button { 4940 } and longs generated on closing basis as alerted in twitter from yesterday , now major resistance are @ 20 DAILY EMA { 5053.45 } and Weekly 150 EMA { 5059.63 } , [ SEE THE CHARTS ]

If both are crossed in coming sessions , then it would be treated as false break down which happened as per our previous posts , NEW short covering rally will take place as explained in 28.8.11 WEEKLY POST as well as in NIFTY FUNDAMENTAL POST as its reached low valuation as per PE , BV , DY , but there is a risk of extreme low valuations , this is to alert to investors, not for traders.

Decide your self whether u r day trader, short term trader , long term investor and u can decide ur risk appetite and choose ur trading plan or investing plan according to that. [ MORE CARE WILL BE TAKEN FOR PGS & PSG CLEINTS ]

We have turned bullish from yesterday opening itself and guided by giving calls only from yesterday to our PGS & PSG clients and they all are very much happy for changing the strategy along with trend.

So, if u r a follower to our posts , this post is to alert u , click the charts to know more :-

NIFTY DAILY EMA CHART AS ON 30TH AUGUST 2011 :-