The Nifty Trading Lounge

[Taurus1]

A small change required

Bottom of 7620, ±16

This needs to read ..... Minor low of 7620, ±16

An intermediate low is on the 30th, ±1

Small bounce possible from there

Couple of WRBs are in the pipeline this week

 

[simplebuthard]

Based on astrology, this week on or before Wednesday there is a strong possibility of an unexpected news coming for making bulls happy. So expecting a reversal soon.

 

[kaalchakrasamay]

Based on astrology, this week on or before Wednesday there is a strong possibility of an unexpected news coming for making bulls happy. So expecting a reversal soon.

Yes,
From today evening to tomorrow evening

 

[Taurus1]

Minor low of 7620, ±16

7620, ±16 is on, latest by tomorrow

The zero performance experts have no idea where the bottom is, but still issuing buy calls on many stocks.

Some of the stocks bought by the suckers, er investors are already down 10%.

There is a small bounce from 7620 which will be sold into.

I'm still trying to calculate the next low, in hindsight it is so easy but very difficult to do in practice. :annoyed:


At all costs, bbuulllsss need to stay out, until further notice ......

 

[timepass]

2 WRBs done this week

 

[Taurus1]

7620, ±16 is on, latest by tomorrow

The expected low of Nov 20th became a high :annoyed:

A volat expansion is coming ........ 7620, ±16 is now 7630, ±40

Nifty low on 2nd Dec, ±1

 

[Taurus1]

It's unofficially announced, brokers have hit the panic button on no volumes.

None of them will openly admit it, but their actions tell the truth .............

Consider this.... zerodha has made a feeble attempt to drag in fresh suckers, er traders by giving free brokerage for delivery trades only, so that the big accounts come to them...... and hopefully the same big account holders will also trade a few lots in F&O now and then.

Bengaluru broking firm Zerodha scraps fee for cash trades; rivals miffed by move
http://economictimes.indiatimes.com...ivals-miffed-by-move/articleshow/49989632.cms

Geojit has revised their charges, the brokerage for 1 lot of options was 75/-, is now 150/-, call and trade is 200/-

I got an email from icicidirect, the pic is below ......

In less than 1 month, most of the icici daytraders will have blown up their accounts with this leverage

 

[Taurus1]

Nifty low on 2nd Dec, ±1

The inversion on the 20th can distort time .... the low forecast for 2nd Dec, ±1 could go till 4th Dec, ±1

Not necessarily on the 4th, the first price target is 7831, ±8

 

[niftymoneymoney]

Thanks dear. What will be the first price target for BankNifty.

 

[Taurus1]

Not necessarily on the 4th, the first price target is 7831, ±8

Sgx is at 7826, so the next target is 7739, ±8

Below it is another target at 7724, ±4

BankN target is 16920, ±10 ...... probably the gap will jump over it, I do not know the next level.

All my forecast prices are spot .... my past experience with forecasts is either it misses by miles or it is exact to a few points.