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, October 16, 2011

NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE :- 9.10.11 POST NIFTY CONTINUED ITS BULL RUN BY CLOSING ABOVE 1ST WEEKLY RESISTANCE { 4964 } AFTER CROSSING PANIC BUTTON { 4897 } ON MONDAY AND CONTINUED ITS RUN BY CROSSING 2ND WEEKLY RESISTANCE { 5040 } , BUT FAILED TO CLOSE ABOVE 3RD WEEKLY RESISTANCE { 5158 } ON WEEKLY BASIS AS IT IS A TOUGH RESISTANCE FORMED @ 5200 FOR GAP FILLING.

NIFTY EMA CROSSED 20 EMA { 4986.75 } AND TRADING ABOVE 50 EMA { 5068.13 } 100 EMA @ 5213.76  & 150 EMA @ 5306.55 & 200 EMA @ 5355.2 WHICH WILL ACT AS RESISTANCE IF ANY UP MOVE FROM HERE, CLICK BELOW CHART FOR ALL EMA'S :-

RSI   @ 56.89 & STOC @ 89.22 { REACHED OVER BOUGHT ZONE }  :-

 PIVOT IS 5110.10 FOR MONDAY TRADING RESISTANCE ARE 5163 - 5194 - 5248 WHERE AS SUPPORTS @ 5078 - 5025 - 4994 , HAVE A LOOK INTO CHART TO KNOW : -



 WEEKLY PIVOT 5051.92 RESISTANCE ARE @ 5221 - 5311 - 5481 WHERE AS SUPPORTS @ 4962 - 4792 - 4703 , HAVE A LOOK INTO CHART :-



 WARNING NOTE :- PANIC BUTTON @ 4990 AS ON 14.10.11 FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL LONGS GENERATED ON 10.10.11  , MOVING BELOW THIS LEVEL ON CLOSING BASIS WILL START BEARISHNESS AND CORRECTION  AGAIN { REVERSE SHORT LEVEL } IN THIS WEEK ON ANY DAY , UPTO THAT DONT WORRY ABOUT POSITIONAL LONGS :-



AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON WEDNESDAY 19TH OCTOBER 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 MONDAY :-

  

SENSEX WEEKLY PP CHART :-

  

16594 IS SL FOR LONGS GENERATED ON  10.10.2011  , MOVING BELOW WILL START BEARISHNESS  { REVERSE SHORT LEVEL } FOR THIS WEEK FOR SENSEX AS ON 14.10.2011 , DONT WORRY ABOUT POSITIONAL LONGS UPTO THAT LEVEL :-



  

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