Nifty-My views

Continually 3rd down arrow on ZX. Is it a beginning of downtrend ?

http://rapidshare.com/files/68307635/Zebracrossing.pdf.html

Today Index (5646.75) touched near its 20 days average 5645 and closed at 5698.75. It will be interesting to see it turn upward from here or continue its traveling to 5126- 5071- 4550-4002 or 3617.

Anyway, will decide my movement after watching the movement on Monday and if it keep continue, will walkout and watch the match on my screen only.

Wish you a Happy Diwali

RK

What does X and Y stands in the pdf file ?

Please explain me the formation.

Hi Rajnikant,

You seem to have created a super excellent model.
IMHO, 5957 and trending down seems to be very valid according to trendlines as well.

Warmest regards,
JustNifty.

You have broken the code, thanks. I was hoping it from Ashish Ji.

I have tested the same in various time frams with different average methods,and saticified with results. ZX is the major part of my system that I call Base Index.

Anyway, during testing/experiments if you find something use full, instead of posting on a public forum, mail me at [email protected].

Regards

RK

Just an update.

hi rajnikant,
i could not understand your pdf file . please help me.
thanks

It is a play of averages... 20DMA, 50DMA and closing price.....

First pdf file .... X= 20DMA - Close. Y= 50DMA - Close... ZX= X+Y.

........not like that.......at all.

Sudoku,

Why do you find all old threads to post? Start your own thread. You have your own fan following.