The Nifty Trading Lounge

[Taurus1]

Something for bbuulllss

Dow will reach 25,000 because QE4 is coming: anal yst
http://finance.yahoo.com/news/dow-25-000-by-2020-because-qe4-is-coming-133201563.html#

This article is of Jan 8th, but still worth reading to understand how deep the sh!te really is

Historic First: North Atlantic EMPTY of Cargo Ships in-transit - ALL anchored along coasts; none moving
https://www.superstation95.com/index.php/world/750

For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.

http://www.marinetraffic.com/


The next high is on Feb 18th, ±1 at 7313, ±4

 

[Fundootrader]

The next high is on Feb 18th, ±1 at 7313, ±4

What about the next low That's what is of interest post Feb 18 high

 

[bajica]

What about the next low That's what is of interest post Feb 18 high

I would say first let the 18th come and then take it from there ;-)

 

[Taurus1]

Some friends were leaving town so I went to drop them.

Nifty s at 6895 now. We are seeing an inversion happening live thanks to external influences. :annoyed:
Whenever external forces try to move the market in a different direction, the market fights back ....... and it always wins.

Remember the Bank of Japan rate cut to negative interest rates which was followed a few days later by a 5% drop in the Nikkei

The next high is on Feb 18th, ±1 at 7313, ±4

My target is still 7313, though the date will change, provided the 6870 low does not get broken by more than a few points.

And yes, this is the final low for a few months as posted earlier.

 

[insursi]

Hi Taurus

I think today's low for nifty is 6971 sofar...not 6895. (still away from your intermediate low of 6870)

Nifty s at 6895 now. We are seeing an inversion happening live thanks to external influences. :annoyed:
Whenever external forces try to move the market in a different direction, the market fights back ....... and it always wins.

 

[Fundootrader]

Hi Taurus

I think today's low for nifty is 6971 sofar...not 6895. (still away from your intermediate low of 6870)

yaar yeh inversion bahut panga karwata hai har baar.

Sir what caused the inversion this time - last time is was japan rate cut

 

[TraderRavi]

yaar yeh inversion bahut panga karwata hai har baar.

Sir what caused the inversion this time - last time is was japan rate cut

this time due to timepass Hair cut

 

[Sidz]

Your views please @Taurus1

 

[Taurus1]

Hi Taurus

I think today's low for nifty is 6971 sofar...not 6895. (still away from your intermediate low of 6870)

Yes, in the morning rush, typos tend to creep in. Thanks for pointing it out.

yaar yeh inversion bahut panga karwata hai har baar.

Sir what caused the inversion this time - last time is was japan rate cut

Political tension

this time due to timepass Hair cut

this means timepass has lots of hair

Your views please @Taurus1

Every inversion creates a distortion in market structue which takes time to repair. My earlier price forecast holds good

The next high is on Feb 18th, ±1 at 7313, ±4

The next high is on Feb 23rd, followed by a doji low on the 25th.

24th to 27th is WRB zone

 

[Fundootrader]

Yes, in the morning rush, typos tend to creep in. Thanks for pointing it out.

Political tension

this means timepass has lots of hair

Every inversion creates a distortion in market structue which takes time to repair. My earlier price forecast holds good

The next high is on Feb 23rd, followed by a doji low on the 25th.

24th to 27th is WRB zone

bhai seedhe seedhe kyon nahi batate ki we will touch low again - I'm interpreting seedhe seedhe for rest

24 to 27 - WRB Zone (Wide range bar : WRB)

High - 23rd Feb --> 7310/7317

Doji low -> 25th Feb

Net Net - Post 23th Feb high - we will see low and low - and the low will be very low - may touch the previous low