18/10/2012: 5,718.70

On 13th Oct, it was mentioned that nifty will bounce back and the bears will get the best levels on 18th Oct.....

So, today on 18th Oct, nifty (spot) closed at 5718.70 with a high of 5722.50 !!! 

Its the best level to enter NOV 5700PE (76.5 today's cls)

http://niftypredictor.blogspot.com/

Week Ahead

Nifty all set to bounce back up to the peak of 18th Oct where the bears would find the best levels to enter shorts position ally.

http://niftypredictor.blogspot.com/

Similar sub wave history in past:

In the history (post launch of trade in NF), we have already witnessed 6 such similar sub waves.

S No.    Duration (days)     Start to End pt diff     Trend wrt earlier wave     Entering next sub

1               17                             64                        Trend reversal                 Trend Continues

2               28                             17                        Earlier trend continues    Trend Continues

3               132                           52                        Trend reversal                 Trend reversal

4               115                           157                      Trend reversal                 Trend Continues

5               136                           1954                    Trend reversal                 Trend Continues

6               121                           513                      Earlier trend continues    Trend Continues

7                50                            ???                    (Possible Trend reversal)   ???

This commencing sub wave is supposed to start from 5^th Oct 2012 itself and in my earlier post, I have mentioned as follows:

Oct overview:

Though the Sept ends on bullish note, it’s time to get out of ‘longs’ till Fri EOD as this Sept high in Nifty may hold till mid Nov.

Nothing could be better than judging the possible trend reversal at 52 week high !!!

The following statistical data suggests a possible trend reversal from here:

For Fri, 5^th Oct 2012:

Trend:  UNIDIRECTIONAL

Wining chances: Bull (0%) / Bear (100%)

High/Low Diff : @ +/-  100 points in NF

Open/Close Diff: @ +/- 60 to 100 points in NF

For Mon, 8^th Oct 2012:

Trend: UNIDIRECTIONAL

Wining chances: Bull (40%) / Bear (60%)

High/ Low Diff: @ +/-  100 points in NF

Open / Close Diff:  @ 60 to 80 points in NF

For Tue, 9^th Oct 2012:

Trend: Confirmation post noon

Wining chances: Bull (20%) / Bear (80%)

High/ Low Diff: @ +/-  100 points in NF

Open / Close Diff:  @ 60 to 100 points in NF