NIFTY 50 future TRENDS

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No one is sure here my friend, moreover technicals show a reversal sign, one good news and see what happens, i will keep buying at every 100 points nifty fall.
Lets hope then that u will be Indias first Paul Tudor Jones :clap: , bcoz just like u he too believed in predicting market reversals and also emphasized that most quick money is made at market reversals , bcoz it is here that big moves happen.
 

PGDIMES

Well-Known Member
Lets hope then that u will be Indias first Paul Tudor Jones :clap: , bcoz just like u he too believed in predicting market reversals and also emphasized that most quick money is made at market reversals , bcoz it is here that big moves happen.
I think you missed PT Jones' point... He never talked about quick money that can be made in reversals... He only emphasised that more money can be made in trading the market reversals than in following trends and this is what happened to him... actually it happens for most of the big traders... they catch the bottom and sell as the market progresses up and/or vise versa... look at RJ and his investment in Bata or Titan in the recent fall... that's shrewd tactics applied by the biggies... but to catch the market and trade counter-trend, we need whole lot of fortune and very deep pockets... :)
 

2021

Active Member
SBI will tank on tuesday. Pathetic results and more horrible are provisioning. Good time for picking for long term after few days as sbi chairman indicated there will be no provisioning now and hence out of provision figure of 4500 cr atleast 1500 will get added in this quarters loss of 1500! So QoQ next quater expected results will be PAT seen up 100% at 3000 in compare to 1500 last quarter! :D
 

PGDIMES

Well-Known Member
SBI will tank on tuesday. Pathetic results and more horrible are provisioning. Good time for picking for long term after few days as sbi chairman indicated there will be no provisioning now and hence out of provision figure of 4500 cr atleast 1500 will get added in this quarters loss of 1500! So QoQ next quater expected results will be PAT seen up 100% at 3000 in compare to 1500 last quarter! :D
Wishful thought process... SBI's PAT may see another jump only when the interest rates will stabilise... and it will take time... SBI's northbound journey started last year after its results were announced in April and then again in August. and we saw most stable interest rate in those days... Most of the PSU banks' risk assets are far risky than private banks... I hope someday we will have different yardsticks to measure risk assets of PSUs and private companies... I think the Chairman has also announced no more hike in deposit rates... :confused: Let's c... :D Though SBI is a strong PSU and the govt. to back up... :p
 
I'm not very good at forecasting the markets, but I'll give it my best shot (lol):

Nifty NSE 5329 5212 5141 5000 4931 -4811

A few weeks ago I focused on the the 5171 level being taken out, and 2 weeks ago that was the case. In the post of July 22nd, I mentioned the containment would be 5706 or 5761 (Actual peak was 5704 on July 25.). That has also played out. That marked the beginning of a fresh new leg south, and the break of 5171 marked the acceleration process south.

What we should now witness are spurts of recoveries, as there is starting to be room under the daily cloud for this to happen. 5181 could contain, but I would also allow for a strong spike move to the WR2 at 5212. If we go much higher than that, then look for a consolidative move east before we head south again.
The 2 next major targets south to look for any reactions from are 4907 and 4651. Regardless of what happens at 4907, 4651 is still on the radar. If we have no correction to start this week, then 4907 gets hit this week.

There is also a possibility of a longer term fall to 4300 and 3500, but that is not confirmed yet.

The numbers on top are my weekly S&R's--R3, R2, R1, S1, S2, S3, in that order.
 
I'm not very good at forecasting the markets, but I'll give it my best shot (lol):

Nifty NSE 5329 5212 5141 5000 4931 -4811

A few weeks ago I focused on the the 5171 level being taken out, and 2 weeks ago that was the case. In the post of July 22nd, I mentioned the containment would be 5706 or 5761 (Actual peak was 5704 on July 25.). That has also played out. That marked the beginning of a fresh new leg south, and the break of 5171 marked the acceleration process south.

What we should now witness are spurts of recoveries, as there is starting to be room under the daily cloud for this to happen. 5181 could contain, but I would also allow for a strong spike move to the WR2 at 5212. If we go much higher than that, then look for a consolidative move east before we head south again.
The 2 next major targets south to look for any reactions from are 4907 and 4651. Regardless of what happens at 4907, 4651 is still on the radar. If we have no correction to start this week, then 4907 gets hit this week.

There is also a possibility of a longer term fall to 4300 and 3500, but that is not confirmed yet.

The numbers on top are my weekly S&R's--R3, R2, R1, S1, S2, S3, in that order.
Thanks for gr8 analyses as always... i was watching the Big players Index future positions, from the beginning of Aug. series. Shorts where kept on accumulated!! on Friday 2nd largest quantity shorted in this series and 5100 4900 4800 put options were very active on Friday all this indicates we will see 4800 on our screen sooner than later
 
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Mano, the wheels kind of fell off in the one thread, as the op felt the thread was being led astray, and he was right. I was getting into TL's and ichimoku clouds, and then there was discussions on that, and he only wanted discussions on his S&R's. I understood that, and so it was time to bow out.

I don't trade Nifty, and I have never traded options. I enjoy forecasting it, because it is the main market of choice in this forum. It helps me in knowing my methodology works under any conditions. It helps others....Well, okay, as long as the analysis is accurate (lol).

Thanks for gr8 analyses as always... i was watching the Big players Index future positions, from the beginning of Aug. series. Shorts where kept on accumulated!! on Friday 2nd largest quantity shorted in this series and 5100 4900 4800 put options were very active on Friday all this indicates we will see 4800 on our screen sooner than later
 
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