The Nifty Trading Lounge

[Taurus1]

Should I buy them now, or should I wait for the 16 May.

Thanks

Enter anytime, this is a pure news driven market. By the time I post this a 300 pt move can take place depending on what news comes out.

Whatever money you use can go to zero in minutes or get multiplied, so be prepared for anything.

 

[Taurus1]

Gap fill and attempt on 6860 coming ......

 

[Taurus1]

Once every blue moon or so, they actually get it right

Don't expect a 'spectacular rally' on Friday the 16th, say anal ysts
http://economictimes.indiatimes.com...he-16th-say-analysts/articleshow/35109291.cms

The rally is primarily driven on the hopes of exit polls and these polls have been misleading in the past two elections, say analysts.

I don't know who is going to win, only that there is no majority.

On my chart there is a low on May 20th.

Even if I'm wrong, there should be no high/low till settlement.

The level 6860 posted earlier is wrongly calculated.

The correct number is 6583. +/-10 on May 20th

.
This ccould be wrong, use for reference only.

 

[Taurus1]

 

[Taurus1]

If you have been following the media, listen to the experts.

About 10 days ago, they were screaming buy............ which then changed to a 2000pt sell ......... and is now a buy again.
This type of flipping from buy to sell is typical during the transition to a bear market.

IMO, nothing has changed, my price forecast from post #3264 is still valid. The top is in for some time.

Even though I was in office on Friday, I did hear about the 7560 high.

From there to drop by 360 pts to a 7200 close takes some really huge selling.

And to the US .........

While the dow makes new highs, everything else is getting crushed.

The Brutal, Beneath-the-Surface, Slo-Mo Crash of Stocks
http://www.testosteronepit.com/home...neath-the-surface-slo-mo-crash-of-stocks.html


Russia and China are getting together, it will be a huge gamechanger

Russia, China to Sign Raft of Deals During Putin’s Visit
http://en.ria.ru/russia/20140516/18...o-Sign-Raft-of-Deals-During-Putins-Visit.html

China, Russia due to sign gas deal as early as next week despite Western pressure over Ukraine
http://www.canadianbusiness.com/bus...t-week-despite-western-pressure-over-ukraine/

 

[timepass]

CNBC said that the Russell 2000 is something like 10% down from March.

 

[Taurus1]

Russell 2k chart.

 

[Taurus1]

The exit polls got it right for the first time. In 2009 when all expected no majority, I bought calls.
This time all expected a majority, so I bought puts. Well you win some, and lose some.

No time price forecasts this time, either it is exactly on the dot or is nowhere near.. :annoyed:
From the Nifty low of the 23rd, I'm looking for 475 pts up.

In the US, most are blissfully unaware of what is happening.........

The S&P is near a new high, while the Russell 2000 is hanging on to the 200 ma.

One side has to give, lots of high volat ahead......

 

[Taurus1]

Over the next few weeks, I will be posting time price forecasts for the index and maybe a few stocks.

I've written the software which will do a large amount of the calculations. but still there is quite a bit that has to be done manually.

Lets see if the effort invested pays off.

The next high is on June 6th/9th at 7480, +/- 10 S

 

[Taurus1]

Posted on June 1st, 4 days in advance,

The next high is on June 6th/9th at 7480, +/- 10 S

Nifty S crossed 7480 at 3:20PM, 11 minutes early or it would have been the 6th

Thanks to my RM for calling on Monday and alerting me of the gapup open, else I might have entered later.
I was holding calls, dumped everything today for 200% profit.

Time price forecasts cannot be done ........ by anyone ......................... ever. So say the experts