Hey one thing i can surely tell you it’s impossible to predict at least bank nifty(no pointers technical , chart pattern , fii buying nothing helps) …but if you see the daily candle chart it’s forming a double top pattern , even dow is forming it …now according to charts it should come down but again US elections are near …so it can go anywhere …yes last few days it’s been extremely volatile …its really frustrating
As a statistician, all I can say is - not just bank nifty but for any other stock, it’s impossible to know where it goes. All you have to do is, follow some simple statistical concepts to win the race. If you have ever played casino, that’s precisely what we do in trading.
Have some strategy that has statistical edge - like sell deep OTM options. Even 4-5% edge would give you millions.
Position sizing - Make sure that your position of each trade is very less, possibly not more than 1-3% risk
No. of bets - Keep doing the same thing again and again for months or even years. As your no. of trades increase, your trading accuracy tends to move towards statistically proven accuracy.
Just follow above 3 rules and your children will drive luxury cars.