NIFTY 50 future TRENDS

[sanjosedesi]

Kam cheeni aur doodh kiya jaa sakta hai chai mein. Par patti nahin! 6400 stays!...Aakhir SG ki saal puraani, mid-jan effect ke time ki 'pree-dixon' hai, bhai, majaak nahin! Samjhe? :lol:

I am with you about the target, but it can not be a 1 way train. We might get there in a year's time but beech mein do chaar jhatka to lagega. Happens every year.

 

[sanjosedesi]

NF trend UP

tgt > 5444

I remember saying this when you were at 4555 (or something similar), that when you start moving your targets slowly (111 points at a time), it is time for a reversal !!

[EDIT/ADD]Slightly different meaning ... but here's that post
http://www.traderji.com/derivatives/42863-nifty-50-future-trends-508.html#post622147

Sudoku, you give me hope. You are like an oscillator ... when your predictions get close to reality, it indicates time to swing !!

 

[EagleOne]

I meant your song is good as a concept, but may not work well in real life !! And it depends from person to person ...!

It works for me, SJD. Besides, this person to person thing is a hard fact indeed. Which, to me, is an ample proof as to why some people are miserable in all situations, and some are fine in any situation.
But then, that is life. Lose some, gain some. Chalta hai sab. Aur sab theek hai!

Anyway, time for tea and biscuits. I will see you around. Have a nice evening in the meanwhile.

 

[EagleOne]

NF trend UP

tgt > 5444

Yaar Sudoku, kya ek ek run le rahe ho? Chakka maaro ek hi baar mid-wicket boundry pe, aur 6444 kar ke kaam tamaam karo!

Have a nice evening, bro.

 

[sanjosedesi]

It works for me, SJD. Besides, this person to person thing is a hard fact indeed. Which, to me, is an ample proof as to why some people are miserable in all situations, and some are fine in any situation.
But then, that is life. Lose some, gain some. Chalta hai sab. Aur sab theek hai!

Anyway, time for tea and biscuits. I will see you around. Have a nice evening in the meanwhile.

Tea time for me too !! Alright ...

 

[vikrit]

It depends on which stage of a trader you are.
As a concept, YES. In practice ... hard to do. After spending a year in learning all the concepts (still halfway there), the biggest battle now is nerves. Hopefully that will get better this year ;(

yeah you are right, biggest battle is nerves. consider our mind is like computers, and so what we forget while installing any new software, having pre-scan & real time scan by good reliable anti-virus which we update also.

ex- ur new software is TA/FA or anything,

VIRUS-

Sure. Although I was hoping that this straight-line up move since almost end of December will have a correction built in, but except for the Monday swoon, it is like a freight train !!

harmful scripts-

But all good things come to an end !! I do not know what will trigger it, but if/when we correct to 5050-5100, people will start talking about 41xx really soon.

IMO the problem is misinterpretation of data and wrong use of concept.

ex- concept-when everybody(mostly) start thinking for short then buy. - wrong
when everyTRADER(mostly) start trading short then buy - still wrong
when everyTRADER(mostly) start trading short then buy,
but this only implies when you have reliable & enough sample data of traders trading/thinking. - right


another ex can be of OI data interpretation.

these were my 2cents to find the culprit.

disclaimer- opinion of a student, not a master

.

 

[sanjosedesi]

yeah you are right, biggest battle is nerves.

sirji tussi great ho !! seriously speaking, yes i have read enough about technicals, psychology, money management, and various forms of trading, but find myself at a loss because the learning is so disorganized and newer ideas still keep on bubbling and seem better than the old ideas !! last year i had the excuse that i was learning, but now that i can read some charts, lack of discipline kills half the profits if not more !! and i think that will be the development of next 6 months.

 

[trdstudent]

Arrey bhai, 6400 ke aaspass zanzeer khinchne ki sochna! Tab tak chupchap masti se sawari karo. Khidki ke baahar chote bachchon ko haath hilaao. Khet khaliyan, nadi naale, aur pahaad dekho. :lol:

Phir to maro khushi ki mare heart attakba ho na jaye :lol::rofl::rofl::lol::rofl:

 

[sanjosedesi]

... hoping ...

About this keyword which you took an exception to ... I do not see a problem. There is an average movement range of Nifty. It varies from month to month buy you can see that 90% of the time it will not move more than the typical range. Hope is based on the premise that the one way move from 4600 odd to 5300 is very unusual, and even if the technicals do not point that way, it has to happen, otherwise we will have a 1000 point 1-way move ... not going to happen. If you understand these limits well, you can even make some riskier trades with the probability on your side. But ... as Eagle asked us to mortgage our homes earlier this week as the market was going to go up up and up ... and he is right ... no signs of Nifty fatigue.
[EDIT] Actually, in this case we are not looking at a monthly range, but probably a 2 or 3 month range which might be very broad if we look into historic data.

 

[EagleOne]

Phir to maro khushi ki mare heart attakba ho na jaye :lol::rofl::rofl::lol::rofl:

Arre, marvao ge bhai! Meri baat ko serious lene ke haq sirf ek ko hi hai - main khud!
Kahin pata laga ki aapne meri post pad ke market mein paisa daal diya maa/behan/biwi ke jevar bech ke, aur aapke kapade bik gaye. Abhi safar mein saamne 5400-5600 ka jungle aa raha hai. bhaaloo hi bhaaloo hain vahan. Kahin ye bull train dar ke maare reverse shunting na shuru kar de. Toh, bhai, sambhal ke. Ye market hai. Har koi har kisi ki jeb kaatne ke liye subhe naha dho kar, pooja paath kar ke, iss mein aata hai. Chalte chalte bik jaao ge aur aapko pata bhi nahin chalega ki aap nakki ho gaye apne aap se! :lol: