SRK TRADING CALLS: NIFTY WEEKLY VIEW FOR THE WEEK 27.1.14

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

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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

Saturday, January 25, 2014

NIFTY WEEKLY VIEW FOR THE WEEK 27.1.14 - 31.1.14

Outlook for next week: - In last week update as we mentioned nifty reached 1st resistance 6342.25 {weekly high is 6355.6}.

Major Trend indicators: - MACD & TRIX above zero line, ADX @ 12.9 {below 20}, Parabolic SAR @ 6198.17, check the chart

Momentum oscillators: - RSI @ 51.22, WILLIAMS%R @ -41.13 {trending zone} & STOC @ 84.17 {overbought}, check the chart

Volume Indicators: - MFI @ 61.87, Volume oscillator @ -2.96 NVI @ 194.57 which is above avg 192.63 & PVI @ 358.22 which is below avg 362.55, check the chart

Volatility Indicators: - ATR @ 66.21 & Nifty heading towards Bollinger higher band is @ 6379.46 and middle band as of now is @ 6259.12 {nifty cmp 6266.75}, check the chart

Negative & Positive outs puts: - Spot nifty {panic 6289} cmp 6266.75 which is above all ema except 20 ema @ 6269.59 & 50 ema @ 6214.03 And 100 ema @ 6119.89 & 200 ema @ 5994.72, Still continues the golden cross of 20 ema>50ema>100ema>200ema which is a good sign, check the chart