Prediction About Tommorow's markets

Hi All,

I am starting this new thread for benefit of new people like me.

Need extreme help of seniors members here.

You need to post here what do you think about markets tommorow.
Post your views with your reason behind it.

for eg:

March 25th : I think market will be negative to flat because the RSI is high, market looks in overbought condition. Many days passed market has not fall by 100+ points. (infact today only it falled 100 points from days high.)

Do reply. Keep this thread alive.

It will help people to get some clue about next days market.

We all are not great analyst but we can try to share our view here so that we all can benefit.

mm....Speculator's thread..Cool

Keep up coming.

Predicting tomorrow's market is very difficult since apart Technicals ,the
emotions will also play a role.

The morning session is dominated by global clues like American markets,
Asian Markets ,SGX nifty etc...

The mid market is dominated by European markets (12.30 onwards)
The closing session is dominated by European markets ,Dow futures and
NASDAQ futures.

I remember ONE boarder long back had written that AFTER HOLI markets
will improve tremendously.The same boarder wrote on MAR'23 markets
will crash.You know what happened on 23rd.

Better stop predicting ,move with trend.

Isn't that a prediction? that the trend will continue??

By the way, totally agree with what you said about morning session. Is there any session dominated by internal matters?

Yasir.

Internal matters can affect at any time from 9.55 to 3.30.

hi,

In shortterm, i think markets should slide down as it shows signs of exhuastion of the pullback rally...with RSI is in a kissing distance from over bought position, recovered by more than 90% of its fall from 9750-8050, Dow is in the last stages of its primary rally after is bottomed out at 6450 levsl

Exactly that my point. Look at last few dates where RSI hit around 70 and how the sensex moved thereafter. 10th jan,08, 25th April'08, 5th Aug'08, 23rd Dec'08, 16th Feb'9

Our market is unpredictable.sometimes when DOW is up our market is down and vice versa.
even you consider all the indicators it may behave against the signal.

exactly, there is no such indicator standalone which predicts markets direction. It should be used along with some other technicals to substantiate your prediction. Dow and asian markets are used to see how could the global markets react and their impact on our markets.