Warnig.......market will fall

#1
Hello Friends,
i know every one will surprise and visit my post to know some thing special.
Here it is,
NIFTY not likely to touch 5300 within this year. many chances of going below 4000. This will happen within next 5/6 months. after correcting it will break previous high of 6350 and will surplus comfortably later next year.There is very strong bearish technical bearish signal on long term chart.
I dont know, how many of us can identify that. I will not disclose that. but, i can assure any technical person that, it wasnt GAP theory or weekly negative divergence with parameter.
If, any one ask me about down side target?
I cant predict as of now.but, i can assure every one of us that, nifty will not touch 5300 in this year anymore.
Forget about The Budget or strong IIP data, some major negative news expected in coming days.
ITS MY PERSONAL OPINION, YOU CAN CONSULT ANY FINANCIAL EXPERT BEFORE TAKING ANY DECISION.


With Warm Regards
Abir Das
 
#3
Abir,
What made you think like that. Any supportive analysis?? WE all know a short term bearish trend but most likely upsurge. Except inflation (which is major cause of concern) India inc is doing so far better than their peers in other markets. This financial closing seems better than expected and just around the corner. In next 7+ weeks the results season sill start and next week we can see budget results in the market.
Would appreciate your detailed views.
 
#4
Hello Friends,
i know every one will surprise and visit my post to know some thing special.
Here it is,
NIFTY not likely to touch 5300 within this year. many chances of going below 4000. This will happen within next 5/6 months. after correcting it will break previous high of 6350 and will surplus comfortably later next year.There is very strong bearish technical bearish signal on long term chart.
I dont know, how many of us can identify that. I will not disclose that. but, i can assure any technical person that, it wasnt GAP theory or weekly negative divergence with parameter.
If, any one ask me about down side target?
I cant predict as of now.but, i can assure every one of us that, nifty will not touch 5300 in this year anymore.
Forget about The Budget or strong IIP data, some major negative news expected in coming days.
ITS MY PERSONAL OPINION, YOU CAN CONSULT ANY FINANCIAL EXPERT BEFORE TAKING ANY DECISION.


With Warm Regards
Abir Das
i am a newbie , do not know much about techincal analysis.

what i have learnt that market goes against general consensus , against the majority , and that is BEARISH for the time being , so if market does fall , it would not surprise anyone .
so will market go up in order to move against the majority. lets see
 
#5
Dear Friends,
My views is completely long term weekly basis.
That doesnt mean, market may not rally in a short term.I am that person, who gave strong buy call around 2500-3000 zone.
I am not saying that, market will fall in a hurray.it can go upto 5100 too.
My view is it will not touch 5300 in this year.
Its, completely weekly ELLIOT WAVE theory basis.\
Hints for newer technical guys-
Watch spot nifty with weekly chart.u can find long term triangle and likely to touch bottom trend lines.

I hope, it will assist .......
WITH THANKS
ABIR DAS
 
Last edited:
#6
:d
:confused:
..........................................................
dear friends,
my views is completely long term weekly basis.
That doesnt mean, market my not rally in a short term.i am that person, who gave strong buy call around 2500-3000 zone.
I am not saying that, market will fall in a hurray.it can go upto 5100 too.
My view is it will not touch 5300 in this year.
Its, completely weekly elliot wave theory basis.\
hints for newer technical guys-
watch spot nifty with weekly chart.u can find long term triangle and likely to touch bottom trend lines.


I hope, it will assist .......
With thanks
abir das
 

DanPickUp

Well-Known Member
#8
Hy abir das

You not will believe that. I just came in my house and I was falling down !

What does this mean to market next week or even next year ?

There is a chance of 50% that is going to rise, because I fell a little bit more on the right side.

But the problem is, there is still 50% of a change,that the market could fall, because i lost my left shoo when I was falling down and if I analyze that over the last 25 years, the most time this happen, the market falls.

If you have more questions about that, just throw out your shirt of the window and if it falls more on the right side, the market, if you lost your shoo more on the right side, will fall and if the shirt more fly to the left side, still loosing your shoo to the right side, the market will rise.

DanPickUp
 
#9
Hy abir das

You not will believe that. I just came in my house and I was falling down !

What does this mean to market next week or even next year ?

There is a chance of 50% that is going to rise, because I fell a little bit more on the right side.

But the problem is, there is still 50% of a change,that the market could fall, because i lost my left shoo when I was falling down and if I analyze that over the last 25 years, the most time this happen, the market falls.

If you have more questions about that, just throw out your shirt of the window and if it falls more on the right side, the market, if you lost your shoo more on the right side, will fall and if the shirt more fly to the left side, still loosing your shoo to the right side, the market will rise.

DanPickUp
:hug: :lol: :hug: