Back again with a quick post on Nifty Calculator. Do use it to get possible Nifty zones.
This exercise has helped me pick bottoming out zones pretty well over the years. It would be of great help if you can put your gut feel/technical/fundamental optimistic and pessimistic prices and get a price for Nifty and also send the same to nooreshtech@analyseindia.com will help me get a better idea of what people think about Nifty.
Do read this recent post -
Nifty 2016 is a very different animal from Nifty 2008 !!
https://nooreshtech.co.in/2016/01/nifty-2016-is-very-different-animal-from-nifty-2008.html
Look at the previous posts on Nifty Calculator and how it helped us.
-> The first time i put this up was in December 2011 ( It bottomed in next few weeks). It helped us be bullish instead of the market sentiments and were buyers from 4800-4550. Check the post – What is Nifty and What is your Target for Nifty
-> We did this exercise again when we came out with a very bullish view in August 2012 in a report titled –Analyse India – Forget the Past.
This time it helped us to come out with an optimistic targets.
Check the Post – Nifty 50 Index – Weightages and Free Float Market-Cap
-> The time it was discussed in August/September 2013. Although my pessimistic guess worked precisely but we could not pick that bottom though.
Check the post – Where is Nifty going ? Do it yourself – Market kya Lagta hai also another post on how it was necessary to invest slowly with long term view in the drop to 5100
Nifty Technical View
There is no change in view from this post -
Nifty 2016 and 2012 – Will Consensus of Downgrades be Wrong Again ?
As explained in this video the trade we were looking at was a dash to 7600 from 7300. This part of the trade has worked amazingly well with a quick move to 7600.
Now we would watch for the same zone of 7200 +-100 points for yet another signal for a buy trade.
Continue to maintain the stance to deploy cash / fresh cash at current levels with a medium to long term view.
TECHNICAL ANALYSIS TRAINING SESSION --- February 27-28th Mumbai.
For more details mail to nooreshtech@analyseindia.com or call 9819225396 or Ankit 9899899989
