NIFTY Oct 2011 Series Expiry Prediction Game

[intellibitz]

Seem like on way to 5444. The 12:30-1:30 selling did happen, but then a big U turn and crazy buying pushing it pretty at 5100.

Oct 10 Update - NIFTY 4980

464 to go on the UP for 5444.
425 to go on the DOWN for 4555.

Interesting Battle.. May the best beast win.

 

[vinzz]

Dear Dr.Darshan

Thank you for posting the ebook on gann
Any insights or guidance on practical use of gann
for trading index / stocks would be appreciated

Wish you be the best you want to be
vinzz

 

[timepass]

Seem like on way to 5444. The 12:30-1:30 selling did happen, but then a big U turn and crazy buying pushing it pretty at 5100.

You still sure of 5444 ?

 

[intellibitz]

Yes, Don't we all need something to cheer for Diwali

You still sure of 5444 ?

 

[rbaiga2020]

on Gann tech my research is likely to be completed in month of of nov2011.and i will share with all member
rbaiga

 

[vinzz]

Dear Baiga


Could you pls share some of your research and resources
( website links, ebooks, excel sheets, notes, etc)

I will better appreciate your sharing as I have time on my hands now
vinzz9 ' at ' in . com

Thanks

 

[timepass]

So, we had an engulfing bullish candle today. The last time we this occurred on June 23, and led to a massive rally. Will it be the same now ? I don't know. There are similarities and differences between the two.

1) Both were relatively low volume days. Both near end of the series.
2) In June, the stochs were just coming out of 5 bar oversold zone, whereas now they have been in bought zone for 3 sessions.
3) This time we are pretty close to 20 crossover 50 (which is a considerably lagging indicator anyway, but may be significant).
4) On June 23, the RSI was 35.79, today it was 57.57.

My conclusion : Even if Nifty crosses 5170, it will meet resistance at 5230 and slide downwards from there.


Your comments please.

 

[intellibitz]

This song is playing in my head today for some strange reasons..

http://www.youtube.com/watch?v=LODkVkpaVQA

I heard it long time back and it popped up again today...

 

[timepass]

So, we had an engulfing bullish candle today. The last time we this occurred on June 23, and led to a massive rally. Will it be the same now ? I don't know. There are similarities and differences between the two.
1) Both were relatively low volume days. Both near end of the series.
2) In June, the stochs were just coming out of 5 bar oversold zone, whereas now they have been in bought zone for 3 sessions.
3) This time we are pretty close to 20 crossover 50 (which is a considerably lagging indicator anyway, but may be significant).
4) On June 23, the RSI was 35.79, today it was 57.57. The last time RSI touched 70 was on Apr 5, since then, on the rise, it hasn't touched even 60.

Add : 5) On June 23, Nifty kissed bottom of the BB, while today, it is near the top.

My conclusion : Even if Nifty crosses 5170, it will meet resistance at 5230 and slide downwards from there.


Your comments please.

6) EMA 100 today stands at 5226. Very close. On June 28 Nifty crossed EMA 100 and after 3-4 whipsaws, finally moved sharply downwards.

 

[rbaiga2020]

deletednd my earlier post due to calculation mistak