[POLL][20260428]Where will NIFTY close this expiry?

( The law of averages is a popular misconception that probabilities must ā€œeven outā€ over short intervals, often leading to the belief that a specific outcome is ā€œdueā€ after a streak of different results. While rooted in the sound statistical concept of the law of large numbers, the law of averages is technically a fallacy—the gambler’s fallacy—because independent random events have no memory.
This is by Google , is your analysis is sarcastic !!

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Nah. It isn’t. Not saying it won’t fail either. And if it fails I outperform nifty. So it’s fine for me.
So either my analysis is right or I make money. I would prefer making money.
So far 9 out of 9 years I outperformed nifty just by working around these.

Also. My analysis failing has lesser probability than most TA failing. At least for the years I have traded. I am a math guy and I take chances with randomness of market than do something which has equal or lesser probability of winning.

Well may be its because of your active trade management, without Trade management everything either TA or FA fails,

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I call it risk management. And I have mentioned this in post multiple times. All TA and FA will fail if risk is not managed well.
You may think I am always bullish. No. Not at all. I was bearish from Dec 2023 to October 2024.

I even turned bearish on Tuesday when we crossed 24500 and today back to bullish.
I trade against retailers general mood.
So on long term I may have a view which is totally different from short term.
So you give it a name. TA? Fa? None? Law of averages. Probability? Risk management? Trade management?

Oooh. If it was that easy everyone would be printing money

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In a year anything can happen. But over the years shorts have worked ok for me.
2 years back they worked very well and the year before that they had been dead too.
Last few years in general this buy the dip behavior has been strong in intraday.

Generally, long + short = better calmer and similar edge per trade. If anything shorts used to have better edge per trade, but not in recent years.

Not easy to say if market behavior is changing for good. Maybe due to reduced leverage, DII increased flows, sip, rule/tax changes by SEBI/govt. Time will tell, shorts can be cyclical too.
Once i have enough data i will have a rethink in next few years. Trading is tough.

For now i have had to dial down my risk as this calendar year has been brutal - very volatile but pin bars / dojis everywhere. Its calmer now, lets see

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Agreed , i do trade in FNO during downtrend aggressively and bring it down in up trend and switch to stocks

I am still Bearish on Indices , expecting more down side for IT stocks

Again curious to know , how will you find

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Our TV experts. Little bit from tradingqna. And then when I talk to general public. They ask if they should buy now. And this is usually where the top is. :face_with_raised_eyebrow:

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:slightly_smiling_face: well , also being a CA helps a lot in this regard

It does. If not anything else, CA has made sure I have patience :stuck_out_tongue:

Everything even indian made stuff becomes costly because we pay for energy, jewelry, electronics in dollars. You can’t buy stuff that you were able able to buy before. Now that elections are almost over RBI will let rupee fall and energy prices will rise and the pain will be felt by the common man

PayTM licence finally cancelled:

https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR143F25E8E70241949E9A6EB75FE3C6988AB.PDF

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Nothing but pure unmatched skill that even manipulators like JPM can’t achieve

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Why you are so pessimistic

why not India can produce these things , when i was studying, our teachers , parents used to say we need to have good command over English so that one can become software Engineer and successful in Life , but at the same time Chinese don’t know English and are No2 World Economy will become No1 World Economy where as Indians still blaming Government and expecting every thing should be done by the Government

Well i am still a Retail Trader and having Negative or expecting more downside for IT stocks , now will you buy IT Stocks or Bet against my Retailer View :slightly_smiling_face: what is your Opinion on IT Stocks

Its their Million Dollar HFT skill or Edge :slightly_smiling_face:

Already started accumulating IT. I usually go with index. So here adding ITbees. Also it’s a very small exposure.
I stick with nifty50 since it’s easier to average at lower levels since it takes less than 3 years to come to ATH. And when it comes back to ATH, I would have made 15 to 20 percent because of averaging down.

Singapore is a great example of what indians and chinese can do,if government was conducive to innovation.
The growth that India achieved so far is not because of government but in spite of the government. If government didn’t deter Indians through millions of regulations, nepotism and innovation draining corruption, we would’ve been better than China. Instead most if not all brains have to go elsewhere to prosper and that’s the ground reality. And the blame lies solely on the government and that’s why it’s right to blame it.

Not expecting anything to be done by the government but to stop doing things that deter innovation and prosperity.

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