Some of my forecasts

[4xpipcounter]

Nifty

This market is going to run into a major roadblock this week at the bottom of the 4-hour cloud at 5173. That looks rock solid. Initially, I would also watch for a reaction at the WR1 at 5098.

 

[4xpipcounter]

Sbi

The daily DOWN TL at 2041 will be containment. The WR2 is 2053, which stands in the way of any ideas for a spike. That area will send this market that will make it go sideways for awhile.
This MT correction should take price action to at least the daily kijun at 2199 before it is ready to return to the downtrend.

 

[4xpipcounter]

Dax

This was by request:


5889 5719 5616 5410 5307 -5137

We are very close to a correction of this current leg of the DOWN. The market is still ready to move lower longer term, But, ST, the trip south is getting ready for a breather. Minimum requirement would be the 4-hour tenken at 5502, and the kijun at 5538 is probable. A look at price action and the S&R's indicates this market has freight train implications, but it should be coming into the station. Watch for the kijun to be a strong reaction point.

 

[NANDAMAD]

Paul sir,
can you include bank nifty regularly. No news abt gold. If you can please
give us the forecasts.

 

[4xpipcounter]

Nandamad, Bank Nifty is featured at the beginning of the week in the same form I do my Weekly Forecast, even though it is not featured in it. As long as it moves according to the forecast at the beginning of the week, I don't see a need to give a daily update.
The thing to do is to cut-n-paste the forecast at the beginning of the week, and then keep an eye on the weekly S&R's. As an example the WR1 is 5098. You are almost guaranteed to get at least a bounce off it. The next thing to look for are the levels in my report at the beginning of the week.

Now, if the bottom of the 4-hour cloud, currently at 5172, gets ripped out, I'll be on here with egg on my face explaining and giving an alternate view. In other words, get ready! Do not count on this market going higher this week once the cloud has been hit.

Paul sir,
can you include bank nifty regularly. No news abt gold. If you can please
give us the forecasts.

 

[ME_THE_LEARNER]

Hi Paul,

I am very new to this trading and I am looking at gold trading. Can you please share your views abt the gold market and it would be helpful if you include gold in your forecasts.

Thanks and have a great time trading.

Regards
Harish

 

[4xpipcounter]

MTL, this will also address Nadamad's comment, which I forgot to do in the previous post. Give me about 12 hours from this post to do my views on gold. I got a busy day.

Hi Paul,

I am very new to this trading and I am looking at gold trading. Can you please share your views abt the gold market and it would be helpful if you include gold in your forecasts.

Thanks and have a great time trading.

Regards
Harish

 

[ME_THE_LEARNER]

Thanks for the reply. I will be looking forward to your views.

MTL, this will also address Nadamad's comment, which I forgot to do in the previous post. Give me about 12 hours from this post to do my views on gold. I got a busy day.

 

[sanjosedesi]

Nandamad, Bank Nifty is featured at the beginning of the week in the same form I do my Weekly Forecast, even though it is not featured in it.

Hi Paul, Bank Nifty is not the same as Nifty. It is another index made up of just banks. Its value is almost twice Nifty ... nowadays 9600 odd. I do not have GCI now, but do not remember seeing it there from earlier days. Do check, it might be there as it is one of the most popular indices being traded.

 

[sanjosedesi]

Hi Paul, I saw some unusual moves on Swiss Frank (saw the news), and I see that you did comment on this, but would you be able to provide charts for this for me to see this myself. I do not have currency charts or feeds and hence the request.