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

Friday, August 19, 2011

NIFTY 2 DECADES CHART WITH INDICATORS & EMA

HI FRIENDS, GET READY TO FACE THIS ,

CHARTS SPEAKS FIRST , NEWS COMES LATER 

CLICK ON CHARTS TO KNOW WHAT WILL HAPPEN :- 


NIFTY WITH INDICATORS WEEKLY CHART FROM 1.1.90 TO TO 19.8.11 :- 
RSI REACHED 19.61 ON 24TH OCTOBER 2008 WHEN 200 WEEKLY SUPPORT BROKEN ON 10TH  OCTOBER 2008 , ON 3RD OCTOBER 2008 WEEKLY RSI @ 32.97 SAME AS OF NOW 30.87 ON 19.8.2011, SO, BE READY FOR 19 RSI ON 2ND SEPTEMBER 2011 ON WEEKLY BASIS :- 

NIFTY WITH EMA WEEKLY CHART FROM 1.1.90 TO TO 19.8.11 :- 


LIKE TODAY ON 3.10.2008 WEEKLY CLOSING JUST CLOSED @ 3818.3 ABOVE 200 EMA { 3791 } [ INTRA DAY LOW 3715.05 ] , BUT THE NEXT WEEK CLOSE IS @ 3279.95 AS ON 10.10.2008 { WEEKLY LOW IS 3198.95 A FALL OF OF 600 POINTS NEARLY FROM 200 WEEKLY EMA IN ONE WEEK WHERE AS MADE A WEEKLY HIGH OF ONLY 3820.85 { JUST 30 POINTS HIGHER THAN 200 WEEKLY EMA . TODAY CLOSED JUST ABOVE 200 WEEKLY EMA { 4830.98 } @ 4845.65 , BUT INTRA DAY LOW IS 4796.1, SO, DONT BE BULLISH FOR JUST 50 TO 100 POINTS UP FROM 200 WEEKLY EMA
FOR MORE CLARIFICATION MONTHLY EMA CHART ALSO ATTACHED :- 


MONTHLY 50 EMA @ 4766.81 WHICH IS NOT BROKEN YET IF THAT IS BROKEN, WHAT WILL HAPPEN , CLICK ON CHART TO SEE :- 

DIRECT TO 3918.3 WHICH IS 50 MONTHLY EMA 








MONTHLY RSI REACHED 36.56 WHEN NIFTY @ 2252.75 ON MONTHLY CLOSING BASIS 31.10.2008 , RIGHT NOW RSI @ 45.62 ONLY , STILL MORE TO GO :- 

2 comments:

  1. Market is Below 5168 (5195 and 5167) are two bottom which was not broken in last 7 months and hence now it is trading below 5167-5195 range .. bright chance to touch 4448 once it breaks 4780....Just simple theory ... Price has all the information

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  2. sir mkts dancing to ur tunes...as u mentioned in ur 2 decade chart n warned all of us in advance....thanx.....reallly appreciate....bravo

    ReplyDelete