Guys bahat chit-chat ho gaya........Now lets talk about our market........As I sad I will tell my simple method of market prediction.....although I was not bang on target but....not bad performance in last week......first of all I am not NIFTY trader........but I track nifty........my real boss is BNF.......people who don't like to predict.......he can use it for his trading ......trend......and don't ask me WH question..about the method.....because I am TMA chief.....:lol:
last week....Nifty spot closing....Mon=8146.30, & Fri=7968.85.............out of 5 trading days....almost 2 target hit.....Monday tgt was 8146 ......and hit......Friday tgt was ....7981.....miss by 12 points.....For tgt or prediction I use simple method.......take yesterday H/L........of both Nifty spot....and SGX.....and avg them......Example.......for TOMMOROW prediction.....take yesterday H/l...7993.30+7841.80 spot+8,056.00 +7,872.00 SGX*4=7940.775.....................So Monday Prediction will be......7940.775.......means trend is down.......because Nifty spot .....7968.85.............:thumb:
last week....Nifty spot closing....Mon=8146.30, & Fri=7968.85.............out of 5 trading days....almost 2 target hit.....Monday tgt was 8146 ......and hit......Friday tgt was ....7981.....miss by 12 points.....For tgt or prediction I use simple method.......take yesterday H/L........of both Nifty spot....and SGX.....and avg them......Example.......for TOMMOROW prediction.....take yesterday H/l...7993.30+7841.80 spot+8,056.00 +7,872.00 SGX*4=7940.775.....................So Monday Prediction will be......7940.775.......means trend is down.......because Nifty spot .....7968.85.............:thumb: