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, January 5, 2014

MCX SILVER WEEKLY VIEW FOR THE WEEK 6.1.14 - 10.1.14



Outlook for SILVER for next week: -




Major Trend indicators: - MACD & TRIX broken zero line, ADX @ 14.77 {below 20}, Parabolic SAR @ 42496.3, check the chart
  




Momentum oscillators: - RSI @ 53.74, STOC @ 55.79 {trending zone} & WILLIAMS%R @ -7.71 {overbought zone}, Check the chart






Volume Indicators: - MFI @ 49.12, Volume oscillator @8.49, NVI @ 95.83 which is above to avg 94.84 & PVI @ 81.52 which is above avg 80.83 check the chart
  






Volatility Indicators: - ATR @ 999.32 & Silver Heading towards upper band is @ 45913.2 & middle band @ 44624.7 {Silver cmp 45475}, check the chart






Negative & Positive outs puts: - Silver {panic 44755} cmp 45475 which is above 20 ema @ 44670.77 but below 50 ema @ 45561.71, 100 ema @ 46423.74 & 200 ema @ 46910.96.
  




Conclusion: - Above 44546.33 {cmp 45475} it will find resistance @ 46657.66 for next week, once it crossed next rise to 47840.33 - 49951.66

Whereas Below 44546.33 it will find support @ 43363.66, if it breaks on closing basis, next 41252.33 - 40069.66 for next week

Overall trend turned bullish in Daily charts from 2.1.14 and bullish in weekly charts from 27.12.13




thanks,
regards,
Rajesh Saladi 
NSE certified Technical Analyst

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