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

CATCH ME

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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

Monday, August 15, 2011

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE :- 7.8.11 POST NIFTY TOOK SUPPORT @ 3RD WEEKLY SUPPORT { 5028 } BOTH ON MONDAY { LOW 5054.05 } & TUESDAY { MADE LOW 4946.45 AND CLOSED @ 5072.85 } . BOUNCE BACK HAPPENED AS EXPECTED AS RSI REACHED BELOW 30 ON MONDAY & TUESDAY PANIC SELLING , BUT DIFFICULT CROSS THE WEEKLY PIVOT { 5185.78 } ON THIS BOUNCE SHOWED THAT THIS IS ONLY RETRACEMENT. AS OF NOW NIFTY  20 EMA @ 5339.27 & 50 EMA @ 5449.02 & 100 EMA @ 5515.97  & 150 EMA @ 5547.26 & 200 EMA @ 5547.62 WHICH WILL ACT AS RESISTANCE IF ANY UP MOVE FROM HERE, CLICK BELOW CHART FOR ALL EMA'S :- 
RSI REACHED OVER SOLD ZONE @ 29.59 & STOC @ 23.50 :-

  PIVOT IS 5106.92 FOR TUESDAY TRADING RESISTANCE ARE 5160 - 5248 - 5301 WHERE AS SUPPORTS @ 5019 - 4965 - 4878 , HAVE A LOOK INTO CHART TO KNOW : -
 WEEKLY PIVOT 5074.53 RESISTANCE ARE @ 5202 - 5332 - 5460 WHERE AS SUPPORTS @ 4944 - 4816 - 4687 , HAVE A LOOK INTO CHART :-

  WARNING NOTE :- PANIC BUTTON @ 5434 AS ON 12.8.11 FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS GENERATED ON 26.7.11  , MOVING ABOVE THIS LEVEL ON CLOSING BASIS WILL START BULLISHNESS AND SHORT COVERING RALLY AGAIN { REVERSE LONG LEVEL } IN THIS WEEK ON ANY DAY , UPTO THAT DONT WORRY ABOUT POSITIONAL SHORTS :-
 AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON WEDNESDAY 17TH AUGUST 2011  REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND. WATCH PANIC BUTTON * { STOP & REVERSE LONG LEVEL }FOR SUPPORT & RESISTANCE MOVING ABOVE PANIC BUTTON WILL CREATE BULLISHNESS AND AFTER MOVING UP, BREAKING PANIC BUTTON WILL CREATE BEARISHNESS,  SO, DECIDE UR TRADE LIKE THAT



SENSEX WITH EMA :- 
 
  SENSEX WITH INDICATORS:-
 SENSEX PP CHART FOR TUESDAY :-
 SENSEX WEEKLY PP CHART :-
 17450 IS SL FOR SHORTS GENERATED ON 12.8.2011  , MOVING ABOVE WILL START BULLISHNESS  { REVERSE LONG LEVEL }FOR THIS WEEK FOR SENSEX AS ON 29.7.2011 , DONT WORRY ABOUT POSITIONAL SHORTS UPTO THAT LEVEL :-

2 comments:

  1. sir currently yrly RSI@20....generally v get bounce from around 30 levels
    Vivekjhawar: so will v get a decent bounce cause mkts currently oversold

    also as per ur decade chart if v close below 4832 200weekly EMA then v r heading for 3800levels around which coincides with 61.8% retracement of rise from 2240-6330 levels
    Vivekjhawar: only follow ur levels for nifty SIR...u r toooooo good n accurate

    but y still stuck in some midcaps BADLY....have exited large caps
    Vivekjhawar: as per ur weekly levels mkt as of now taking support at 2nd weekly level 4816
    Vivekjhawar: getting temptd to go long cause of RSI n v are around 38.2% retracement level of rise

    ReplyDelete
  2. Dear vivek bhai, this week levels will change and will update in weekly post in detail about positional view, 3800 also my tgt for the year , but we will see whipsaws before this & about rsi query , yes it is over sold, but not only indicators decide the trend of the market , i will post rsi decade chart also ,what happened when nifty broken 200 weekly ema in the past , Weekly RSI @ 32.65 only , it may go to 19 ALSO

    ReplyDelete