The Call Your Bottom Contest

[aad]

I am neither good at bottom picking nor I ever trade on my gut feeling but for the sake of contest, this is what I feel.

Nifty will bottom out at 3850-3900
Will bounce back to 4300-4350
Will try to retest 3900 level again before actual reversal can happen. But can't trade flat for longer period of time.
Timing : By end of first-second week of July 2008
Why I say this :
1. Uptrendline is respected since May 2004 despite all corrections during these 4 years and assumption that it will still be respected in order to maintain interest of traders and especially long term investors in the stock market. Afterall, markets cannot function without interested participants and already volumes on Nifty are significantly low in recent times. People are already looking for and are investing in other options like Bullion Trading.
2. Downtrendline is becoming too steep at the moment so it is more likely that bears are at their peak and (hopefully) they will not be able to maintain that thurst for longer period with less influx of fresh buyers in the market.

Although the author of this thread has banned critism, questioning on any posts, I would love to hear from seniors if I am going wrong somewhere (and where) as I have not witnessed bearish phase for such a long time in my trading life.

Regards,

Abhay

 

[arnav_rulz]

1) Nifty Cash 3900-4000
2) Date : This week{Upward Starts next week}
3) Study used: Common Sense :S
4) It is expected to go up to 4550 and retrieving back to 4250

 

[ravalsb]

1) Nifty Cash Bottom at 4002.20-3981.15-3965.20
2) Date : 1st July 2008
3) Study used: Daily Price Data Graph
4) It is expected to go up to 4239.20 by 15th July 2008

Regards

 

[apegaonkar]

1) Markets are expected to bottom between 10500-11000
2) Date : On the 4rd week of July
3) Study used: Instinct
4) It is expected to go up to No Idea after it bottoms

 

[sudoku1]

i usually wear jeans trousers & i prefer the comfort fit 'BOTTOM' of 9 inches...........

 

[Czar]

2600 by may next year is the bottom... kapish ? any kind of intermediate rallies will not change this target...

 

[lalpar]

1)Nifty 3700 to 3800
2)Next 2 weeks..
3)Instinct and India growth Story!
4)retrace back to 4520

 

[aad]

2600 by may next year is the bottom... kapish ? any kind of intermediate rallies will not change this target...

ahhh... seeing you posting after a long time... good to see you back.

Regards,

Abhay

 

[omkarmango]

1) Nifty Cash 4030
2) Date : Next week
3) Study used: Dreamt it yesterday.
4) It is expected to go up to 4600.

I pretty much agree with this guy:
http://www.traderji.com/technical-analysis/22575-nifty-4600-5-trading-sessions.html#post190004
(not sure about his 5 sessions thing)


Omkar
(Day trader calling swing for contest )

Cheers 4030

bon voyage Nifty !

 

[oxusmorouz]

i usually wear jeans trousers & i prefer the comfort fit 'BOTTOM' of 9 inches...........

Can't you read? This thread is exactly for people like you who spam around in different threads with random targets. Can't you see that other posters have obliged well and have taken up a responsibility and Omkar has also graciously accepted the outcome? If you are unwilling to take a commitment and can't post a level, then I suggest you keep quiet and not spam. We really "don't" care if yours is 9inches or you don't have one.