nifty closed @ 5300.00 , is this coincidence?

today nse nifty closed exactly at 5300.00

is this just a coincidence?

I know price tend to cluster around strike prices during option expiry date... but today is not expiry day either...

any theories to explain this? or its just a price level nothing special about it?

I guess its just a support at 5300 ... what you guys think?

Coincidence ... absolutely not !! Just wait and watch ... tomorrow will be 5333.33.

Come on ... it is just a number. You need to read some books about probabilities.

alright alright.... its just a number... check this out :


apr 18 close 5300.00
apr 17 high 5298.20 close 5290

guess what is apr 16 high ??
5233.50 !!! man you are a genius

okay, above is an example of over curve fitting and over analyzing...

and apr 13 high 5306.75

anyways its always fun to hypothesize and see how it goes...

a)pros have been dumping stocks at 5300 level for past 2-3 days.
b)today they moved the opening to 5340 and dumped till 5300
c)since only close is reported they chose 5300 as support just 10 points above previous close to have another green candle despite a bearish outlook...

so tomorrow....more dumping or prices are going to go south in few days...

everything said above is purely my speculation, it could be totally wrong... lets see

Closed at 5332.4, just 93 paise away from my target, did not pay enough to pranab da.

Sir what is view of essar oil for april 2012

holy batman!

I am mouth shut !!!!!!!!!!!!!!!!

:clap:

I bought some puts today in the evening, hope I don't get screwed by market tomorrow

This too is a coincidence, although I must say I saw surprised to be so close. Tomorrow's guess 5399.99. (make hay/predictions while the sun shines)

"Tomorrow's guess 5399.99."


if that prediction comes true... am totally screwed with my put position!

anyways... my guess : 5288 !

I can make a couple of sure shot predictions for @manager_kakar :
dude ,
a) if you have to outsource your decision making to others and get tips for trading you are going to lose a lot !

b) corollary of (a): even if you manage to think for yourself, still you will lose money in market, that's how life works dude !
unless you manage to be one of those enlightened gurus!

,,,,,,,,,,:thumb:

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