patel27

BANKNIFTY , public poll

NSE:BANKNIFTY   NIFTY BANK
bank nifty extended too much on weekly basis, it is higher chance of 1 barish week, in order to under market movement i need your valuable opinion
Short the ponzi!!!!
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patel27 Chartist_micro
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@patel27, Soon Nifty will start to come down retracement completed now move down
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patel27 Chartist_micro
@Chartist_micro, lets see
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A thread with 21 comments, wow. Is anyone tracking mid cap index, it appears to me all the mid caps are about to be pumped.
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patel27 French_Fries
@French_Fries, what's your opinion on this seatuation ?
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@patel27, first I don’t like banks and bank stocks, don’t even trade them, I normally celebrate when a bank stock tanks. RBI has already announced a rate cut ( when gdp growth rate is 7%+ ) and more will be coming ( watch for what fed does ) depending upon if US markets sees any type of correction. This entire ponzi will blow Pretty soon, just like housing blew earlier in India. Yeah but for the time being we can play this game on long side of the things.
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History will be repeated, this kind of things always happen in market so we can predict the same..
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Yes , You have intuition ability , it will not repeat the same way , but almost it will be the same , Market never repeats 100 % the same pattern but it has similarity in its structure , those similarity are almost visible to 90 % accuracy , but people at large do not understand this and try to interpret based on their own understandings ,
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patel27 I-Fund-Trader
@I-Fund-Trader, i thought so because of 3 reason
1)it is near all time high, critical level
2)weekly strong trandline which is started at (feb 2016)
3)it is over stretched , i mean it is rare to see such weekly candles which low is previous candles high and both looks like almost marubozu
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