In November , I had published a rough prediction of NIFTY and its political implications .
Link here :
" November 2018 : Here i have plotted 5 year scenarios of Nifty performances after every election from April 1999.
Nifty has approximately doubled in every five years since 1999 .
If past performance is expected , Nifty should be around 12,750 by the time next election comes which is less than 6 months from now .
Posting this just for educational purposes , lets see what the future holds . "
Part 2 :
March 2019 : It looks like NIFTY is in a hurry to reach 12,000 - 12,500 levels by 25th May which is the election results day .
Considering also the fact that weekly ATR of NIFTY is roughly 200-250 points up and down.
And time of 9 weeks would make a rough figure of 1,800 -2,000 points which is in sync with the expectations of 17,750.
It is just a confluence of time and price action . It it has been happening for past 20 years , then it is sensible to assume it might continue in future too.
Just sharing my views , any comments would be greatly appreciated .
Link here :
" November 2018 : Here i have plotted 5 year scenarios of Nifty performances after every election from April 1999.
Nifty has approximately doubled in every five years since 1999 .
If past performance is expected , Nifty should be around 12,750 by the time next election comes which is less than 6 months from now .
Posting this just for educational purposes , lets see what the future holds . "
Part 2 :
March 2019 : It looks like NIFTY is in a hurry to reach 12,000 - 12,500 levels by 25th May which is the election results day .
Considering also the fact that weekly ATR of NIFTY is roughly 200-250 points up and down.
And time of 9 weeks would make a rough figure of 1,800 -2,000 points which is in sync with the expectations of 17,750.
It is just a confluence of time and price action . It it has been happening for past 20 years , then it is sensible to assume it might continue in future too.
Just sharing my views , any comments would be greatly appreciated .
