Time To Stick My Neck Out "Nifty 5000"

[Czar]

lol agree with Karthik.

checked the nifty pe max since 99 has gone uptill 28.29 in feb 00. cant upload since file bigger than 100kb but downloaded from nse site itself.

 

[Linus]

Hi Pankaj

My friend, Seeing you back posting, I am sure that the Bears are not far behind..

regards

Karthik

Nice one, Karthik

Regards,

ss

 

[judemit]

Hi Ashish,
Pretty impressive thread from the word go and today we are almost close 5000!!!. very well done. Congragulations, as Pankaj said may be its time for a new/remaning thread "for 6000!!!"

 

[uasish]

Nifty Fut in 1 min chart ,the Speed has changed gear from 4.09pm's Candle.
To-day at opening it has to stay above 4944.45 .

The Green Line is the 'Lakshman Rekha' (the defence line of Bulls) is at
4941.00 = Support

The Red Line is the 'LOC' ( the line of control of Bear's) is at
4936.00 = Support

The Green dotted Line is Exotic 2 ( Here 'Buy in Dips' Bulls step in) is at
4925.15 = Support

(In between is the Trend Line Support @ 4932.25 & 4917.35 )

Hence at Opening ,i will not Short above 4917.35 only to cover @ 4893 to 4888,breaking that will decide after looking at chart ,on mkt.

 

[peru]

Hi,
This time i am really sticking my Neck Out to say Nifty may go upto minimum
5000.Reasons given below :

Nifty Fut (near month):
Now i fall back on Long Term Wave Counts(300 Bars).In past
this Long Term Count has helped me in crucial junctures.
As per Long Term Wave count the 4th Wave is going on in 5th Up.
The "C" of the ABC in 4th has been completed on 3rd March.The "B"
had an internal 5waves (an ideal 4th Wave structure with a complex
correction in "B",becoz of my ingrained mental short term biasness
i was calculating those 5waves of "B" to be the main impulse,but
actually it was the complex "B" in the ABC).
The gaps of 27th to 28th & 3rd & 4th Feb are nature of Extended 3rd,
so we can presume 5th also being Extended further is extremely rare.
Now the 6th March's White candle also fits in.Is the thurst of the
begining of "C".Today's Low of 3521.10 of retesting the zone
but not breaching 3515 Low of Monday & closing at 3599.45,once again
corroborates that the 4th Wave is over on 5th March.The channels
of Wave 4 (Tom Joseph's proprietory Indicator) are also in the
extreme band,once again signifying the arrest of 4th's Downfall
There are so many other arguments like 200Ema etc
etc.Let me give two arguments
1) as per "Thomas Demark's Sequential Count" yesterday & today are
the 9th Days.
2)One of my own coded MACD(the code is given below):This MACD you
will find has all the advantage of MACD (macd always keeps you on
the right side of the mkt) but almost Lagless,hence the (-)ve point
of MACD is taken care of by using "Time Series Forcast".
This indicator has generated a buy yesterday.Now
here it is seen this is the 3rd Signal,i have seen always the 3rd
Signal is dependable.(1st signal on 15thFeb,2nd on 3rd March & 3rd
signal yesterday).In my years of Daily Trading the 3rd attempt of
any indicator is a "Make or Break" attempt.
So i am almost STICKING my neck out to say Nifty Price correction
is over.However in coming days it will be painfull becoz the "Time"
correction is not over.Now is the time to concentrate on individual
stocks & take long term Long positions.Becoz this being 4th wave the
5th wave will show us atleast 5000 in Nifty.OK forget it 3843 is
immediate reality,but the rise may not be steep & fast rather boring.
Let us see what happens many a time mkt humbeled me ,
even today had to book loss in HLL,due to entry at wrong price level
of 170.55.Posting this before DOW movement becomes significant.

Asish

...............8........................
a:= TSF(C,3)+TSF(C,5)+TSF(C,8)+TSF(C,13)+TSF(C,17)+TSF(C,26);
b:= TSF(C,8)+TSF(C,13)+TSF(C,26)+TSF(C,35)+TSF(C,50)+TSF(C,56);
mova:= TSF(a,3);
movb:=TSF(b,26);
diff:= a + mova;
diff1:= b + movb;
m:= diff - diff1;
m1:= TSF(m,5)*.5;
Ref(m1,-1);
m1;
..........................8..................

Asish .... Predicted on March 2007,After the Ananlysis,Its true now.

Keep it up.

PERU

 

[pkjha30]

Hi Pankaj

My friend, Seeing you back posting, I am sure that the Bears are not far behind..

regards

Karthik

lol


there was another reason for posting. Whenever I visited the site there would be a reminder message saying that you have not posted in days and take time to post your views , answer queries etc..

I am sure Bulls and Bears are phases of Market and one has to know that.
And its a long distance since lows of May 2005, who would have thought at that time that we touch 17000 .

Pankaj

 

[uasish]

So our pre - mkt level of 4941.00 & 4936.00 holding good ,infact the Low in Nifty Fut still now = 4940.00

 

[uasish]

So near so far it is illusive ! Nifty Fut High still now is 4994.00 only 6 points away ,to end the purpose of this Thread.

 

[uasish]

To-day also Short Sellers trapped,let us see to-morrow.Technically for me the objective of this Thread is achvd.

 

[Czar]

ya but the horrible hourly divergence since few days were really bothering & due to settlement & m.fund NAV market is not letting go... but 5k zipped by tomo i guess