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

Monday, January 13, 2014

NIFTY WEEKLY VIEW FOR THE WEEK 13.1.14 - 17.1.14




Outlook for next week: - In last week update as we mentioned nifty taken nearby 1st support 6135.5 {weekly low is 6139.6}. 




Major Trend indicators: - MACD & TRIX below zero line, ADX @ 15.92 {below 20}, Parabolic SAR @ 6330.36, check the chart
 



Momentum oscillators: - RSI @ 45.97 {trending zone}, STOC @ 16.73 & WILLIAMS%R @ -85.44 {over sold zone}, Check the chart






Volume Indicators: - MFI @ 41.43, Volume oscillator @ -5.34 NVI @ 190.13 which is above avg 189.87 & PVI @ 361.02 which is below avg 363.9, check the chart
  






Volatility Indicators: - ATR @ 68.65 & Nifty heading towards Bollinger lower band is @ 6106.58 and middle band as of now is @ 6223.15 {nifty cmp 6171.45}, check the chart






Positive & Negative outs puts: - Spot nifty {panic 6216} cmp 6171.45 which is above all ema except 20 ema @ 6213.87 & 50 ema @ 6171.73 And 100 ema @ 6080.17 & 200 ema @ 5962.73, Still continues the golden cross of 20 ema>50ema>100ema>200ema which is a good sign, check the chart
  






Conclusion: - Spot nifty {cmp 6171.45} below 6183.38 it will find support @ 6127.67, if it broken on closing basis, next 6083.88-6028.17

Whereas above 6183.38 it will face resistance 6227.17, once it crossed on closing basis, next 6282.88 - 6326.67

Overall trend turned bearish in daily charts from 2.1.14 as well as weekly charts from 3.1.14. 


thanks,
regards,
Rajesh Saladi 
NSE certified Technical Analyst


2 comments:

  1. Your levels are simply great, as you said last week nifty took support at your given level 6136. Looking forward for many more to come . Thanks

    ReplyDelete
  2. By the way last week i had posted comment on your nifty & bank nifty weekly view. Im not able to see the comment, Is it allowed to post comments on your blog? or it is blocked due to some reason?

    ReplyDelete