NIFTY 50 future TRENDS

[SavantGarde]

Many Forex brokers de-activate the account because of no activity....while others have time limit.

Activity means ...executing some trades...It has nothing to do with geographic location of the client...!!!

SG

 

[sanjosedesi]

My demo account is running again, so here are the weeklies:

Nifty 5854.62 5736.42 5665.21 5522.79 5451.58 5333.38

Btw monday is a trading holiday.

 

[4xpipcounter]

Exactly. That's why I just put up an arbitrary position on Nifty, just to keep the account running. I was even joking that if my short did not get turned around, I would have to go back to the broker for more demo money.
LOL, I got it now. I guess on Monday, I'll try another short.
My goodness! Demo dollars are raining all over the place.

Many Forex brokers de-activate the account because of no activity....while others have time limit.

Activity means ...executing some trades...It has nothing to do with geographic location of the client...!!!

SG

 

[SavantGarde]

Exactly. That's why I just put up an arbitrary position on Nifty, just to keep the account running. I was even joking that if my short did not get turned around, I would have to go back to the broker for more demo money.
LOL, I got it now. I guess on Monday, I'll try another short.
My goodness! Demo dollars are raining all over the place.

Monday...Nifty isn't going to move even half a point....Wanna Bet....

SG

 

[4xpipcounter]

Oops, I think I'll back off from that one.
SJD did remind us of the holiday.

Come to think of it, it depends on just how technical you want to get. The market is moving right now, but it just can't be traded. That's why we get spikes.
That's also why Nifty spikes regularly because of it being a 6 1/2 hour per day market.

Any rate, point well taken. I'll wait until Tuesday to get my demo dollars.

Monday...Nifty isn't going to move even half a point....Wanna Bet....

SG

 

[kiranjakka]

Monday...Nifty isn't going to move even half a point....Wanna Bet....

SG

so, all you guys seems to be very tired trading and betting too, so i wanna give market a holiday on Monday. anybody want to bet? :clap:

 

[sanjosedesi]

Hitting the YR2 in almost a straight line this early in the year is unprecedented. It tells me 2 things. The market is now at an extreme reading. The 1,000-point high-low move in 2 weeks for this market is an outlier. The daily altimeter says the market is in ear-popping territory. The weekly is OB, and the daily is grossly OB. It all points to the fact it is time for a reversal.

Paul, I will only say this. It is very likely that there will be a correction sometime. However, just like you used to talk about the 'freight train' when Nifty was on its way down, do wait for the upwards freight train to stop before someone shorts (at least in big numbers). Big outliers can become 'once in a century outliers' in another 2 weeks time.

#1. I know you will understand this analogy, but it will not fit the technical model so you will discard it. However, let me put it there. It is like ... you are long on US Dollar and short on Swiss (Franc or whatever), and Bank of China decides to invest in Swiss going forward instead of USD. Until Bank of China stops (and it can spend trillion dollars) ... you will keep getting outliers at hourly, H4, daily, weekly and eventually monthly levels !!

#2. Right now the price is getting extreme in weekly SD channel. However, if you look at the H4 and daily SD channels, it is moving up in a straight line with almost no standard deviation ... it is stage managed. If it was a real market, it will swing ! It is not doing that. When the FIIs get done with their money, and when us regular folks start influencing the markets ... then it will follow all the rules.

 

[4xpipcounter]

My views haven't changed. If I'm wrong, I'll freely admit it. If I'm right, I won't say much.

I'll talk to everyone when I get back from vacation.

Paul, I will only say this. It is very likely that there will be a correction sometime. However, just like you used to talk about the 'freight train' when Nifty was on its way down, do wait for the upwards freight train to stop before someone shorts (at least in big numbers). Big outliers can become 'once in a century outliers' in another 2 weeks time.

#1. I know you will understand this analogy, but it will not fit the technical model so you will discard it. However, let me put it there. It is like ... you are long on US Dollar and short on Swiss (Franc or whatever), and Bank of China decides to invest in Swiss going forward instead of USD. Until Bank of China stops (and it can spend trillion dollars) ... you will keep getting outliers at hourly, H4, daily, weekly and eventually monthly levels !!

#2. Right now the price is getting extreme in weekly SD channel. However, if you look at the H4 and daily SD channels, it is moving up in a straight line with almost no standard deviation ... it is stage managed. If it was a real market, it will swing ! It is not doing that. When the FIIs get done with their money, and when us regular folks start influencing the markets ... then it will follow all the rules.

 

[intellibitz]

Correction is long due and there's a good chance it might be coming soon. However need to be cautious until the money flow stops. Its been persistent buying for about 7 weeks so far, and who knows may be it will continue for another 7 more.. may be not.

Anyways correction due anytime now.

Hitting the YR2 in almost a straight line this early in the year is unprecedented. It tells me 2 things. The market is now at an extreme reading. The 1,000-point high-low move in 2 weeks for this market is an outlier. The daily altimeter says the market is in ear-popping territory. The weekly is OB, and the daily is grossly OB. It all points to the fact it is time for a reversal.

...

Regardless, at least this week should begin the temporary descent.

 

[sanjosedesi]

My views haven't changed. If I'm wrong, I'll freely admit it. If I'm right, I won't say much.

I'll talk to everyone when I get back from vacation.

Sure. Let's review where we are on your return. I will add this ... of course your views are right that we are in a very extreme scenario. The only question is whether this extremity will correct sooner rather than later !