Predict Weekly ASI Closing For Next Friday

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SHARK
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Predict Weekly ASI Closing For Next Friday

Postby SHARK » Fri Nov 25, 2016 12:23 pm

Dear Members,

As explained few days earlier, i thought of initiating a competition to predict most accurately the ASI closing for Next Friday.
Below are the rules and i have made in order to simplify.

Rules: :-B
Only Single prediction allowed for each member, however members are allowed to change or modify before weekly closing.
Weekly competition opens immediately after market closes on friday, and members can send in their predictions before market opens on following monday.

Thats it.

Need a moderator (from the Team) to arrange the answers and publish it on monday. :-?
For statistics purposes, we will indicate TEC Bull/Bear Meter based on the answers/predictions.

The Member with most nearest answer with a 5Points+/- would be declared Winner. In case we have a tie, then member who sent in earliest answer would be picked as ultimate winner.
In case their is no winner we would increase the prize money by 500Rs for the next round, and it will accumulate till prize is totaled 2500Rs until a winner is found $-)
The total prize money shall not exceed 2500Rs in other words $-)
Answers should be rounded off to the nearest point. And similarly the Closing Points of ASI would be rounded off.

Prize Money
Sponsors Welcome .... :-bd
A nominal prize money is a good motivator :-??

Between 500-1000Rs is my commitment. :ymdaydream:
Last edited by SHARK on Sat Nov 26, 2016 6:06 am, edited 1 time in total.
Reason: Changed 1%to +/- 5Points
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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Fri Nov 25, 2016 12:29 pm

Rule : Further Explained with Example

The Member with most nearest answer with a 1%+/- would be declared Winner. In case we have a tie, then member who sent in earliest answer would be picked as ultimate winner.

Lest take Todays Closing of ASI 6252.12

The closing is rounded off to 6252

If a member correctly predicts 6252 then he will be declared as winner.
If not +/-1% Rule applies
6252*1/100=62.52 = 63 (Rounded)

6252+63=6315 &
6252-63=6189

Moderator (The Team) will filter answers between 6189~6315

Lets assume we got following 2 answers 6254 and 6250 then its a tie.
In this case, member who sent the earliest prediction would be declared as ultimate winner. :!!
Price is what you pay. Value is what you get.”

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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Fri Nov 25, 2016 12:40 pm

Please send in your suggestions in case we need to modify the competition.

Also volunteer/s 1 or 2 moderators (The Team) to the competition in order to arrange answers and supervision.
Price is what you pay. Value is what you get.”

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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Fri Nov 25, 2016 12:42 pm

Moderator/s (The Team) decision would be final in governing the competition.
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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Fri Nov 25, 2016 2:46 pm

If Prize money is not suitable, we could award .....
trophy.png
to be used by winning member :ymhug:
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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Fri Nov 25, 2016 2:48 pm

This is still open for discussion before we kick start the competition.
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Re: Predict Weekly ASI Closing For Next Friday

Postby Contra » Fri Nov 25, 2016 9:09 pm

It should pass 6500 by next Friday. I will reconfirm this by end of Next Tuesday. However, I am no longer interest in short term fluctuations in stock prices and short term market trend etc.
Company, stock market, politics and the economy are four different things.

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Re: Predict Weekly ASI Closing For Next Friday

Postby aero » Sat Nov 26, 2016 2:14 am

6360

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Re: Predict Weekly ASI Closing For Next Friday

Postby Blue Whale » Sat Nov 26, 2016 2:28 am

Predicting the market index will the most absurd according to Warren Buffet. However I will put a number to the competition in couple of days time
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Re: Predict Weekly ASI Closing For Next Friday

Postby NC+ » Sat Nov 26, 2016 3:35 am

Yep, I agree with blue whale.. This is like a flipping a coin. However, this will be interesting for many members like playing a game... :D
So, I put mine as 6315. (with keeping 1%+/- in my mind.. :D :D)
6315
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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Sat Nov 26, 2016 4:17 am

Contra wrote:It should pass 6500 by next Friday. I will reconfirm this by end of Next Tuesday. However, I am no longer interest in short term fluctuations in stock prices and short term market trend etc.


As per Rule, the deadline it should be before market opens on Monday :)
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Re: Predict Weekly ASI Closing For Next Friday

Postby Shadow walker » Sat Nov 26, 2016 5:33 am

6300
Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)


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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Sat Nov 26, 2016 5:50 am

SHARK wrote:Rule : Further Explained with Example

The Member with most nearest answer with a 1%+/- would be declared Winner. In case we have a tie, then member who sent in earliest answer would be picked as ultimate winner.

Lest take Todays Closing of ASI 6252.12

The closing is rounded off to 6252

If a member correctly predicts 6252 then he will be declared as winner.
If not +/-1% Rule applies
6252*1/100=62.52 = 63 (Rounded)

6252+63=6315 &
6252-63=6189

Moderator (The Team) will filter answers between 6189~6315

Lets assume we got following 2 answers 6254 and 6250 then its a tie.
In this case, member who sent the earliest prediction would be declared as ultimate winner. :!!


In order to simplify the competition the winner would be selected with +/- 5points deviation and not +/-1%

Now that members have started their predictions, its time we set the prize money @1000Rs.

Hopefully someone snatches it.

In case no winner prize money increases by 500Rs to the next 3 weeks until 2500/-Rs :-bd
Price is what you pay. Value is what you get.”

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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Sat Nov 26, 2016 6:42 am

NC+ wrote:Yep, I agree with blue whale.. This is like a flipping a coin. However, this will be interesting for many members like playing a game... :D
So, I put mine as 6315. (with keeping 1%+/- in my mind.. :D :D)
6315

Kindly note +/-1% has been changed to 5 Points +/- :)
Price is what you pay. Value is what you get.”

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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Sat Nov 26, 2016 6:48 am

I am with 6275 :D
Price is what you pay. Value is what you get.”

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Re: Predict Weekly ASI Closing For Next Friday

Postby stockback » Sat Nov 26, 2016 7:00 am

kohomada policy rate eka poddak change kaloth.

my Brain saying rate unchanged -- ASI 6275-6300
My heart saying rates 25-50 BPS drop -- 6500

me dekama nathuwa wadi karaida danneth naha. - 6000

any idea.....

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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Sat Nov 26, 2016 7:08 am

Untitled.png
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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Sat Nov 26, 2016 7:33 am

stockback wrote:kohomada policy rate eka poddak change kaloth.

my Brain saying rate unchanged -- ASI 6275-6300
My heart saying rates 25-50 BPS drop -- 6500

me dekama nathuwa wadi karaida danneth naha. - 6000

any idea.....

Rate Hike or Down.... LT is the way to go......
We can ignore ST volatility. :-bd
Price is what you pay. Value is what you get.”

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Re: Predict Weekly ASI Closing For Next Friday

Postby NC+ » Sat Nov 26, 2016 8:15 am

SHARK wrote:
NC+ wrote:Yep, I agree with blue whale.. This is like a flipping a coin. However, this will be interesting for many members like playing a game... :D
So, I put mine as 6315. (with keeping 1%+/- in my mind.. :D :D)
6315

Kindly note +/-1% has been changed to 5 Points +/- :)

You guys're changing the rules .. :D :D ;)
Its actually predicting the next candle, which is really hard thing to do.. :-?
Anyway I'll stay on 6315.
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

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Re: Predict Weekly ASI Closing For Next Friday

Postby SHARK » Sat Nov 26, 2016 8:26 am

At the moment TEC BB Meter indicate all members are 100% Bullish :D
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Re: Predict Weekly ASI Closing For Next Friday

Postby stockback » Sat Nov 26, 2016 8:49 am

SHARK wrote:
stockback wrote:kohomada policy rate eka poddak change kaloth.

my Brain saying rate unchanged -- ASI 6275-6300
My heart saying rates 25-50 BPS drop -- 6500

me dekama nathuwa wadi karaida danneth naha. - 6000

any idea.....

Rate Hike or Down.... LT is the way to go......
We can ignore ST volatility. :-bd



I am happy.
if rate rates hike or drop rather than keep same level.

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Re: Predict Weekly ASI Closing For Next Friday

Postby Shadow walker » Sat Nov 26, 2016 9:32 am

SHARK wrote:Untitled.png


I hope shashimal, SH and contra will join with us..
Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)


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Re: Predict Weekly ASI Closing For Next Friday

Postby stocks hunter » Sat Nov 26, 2016 12:00 pm

I don't care where the ASI is heading. But instead of that I want to see the longer term view,value of shares in my portfolio,future gems etc....

This thing I don't like and we should do things broader than this as a responsible forum today.

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Re: Predict Weekly ASI Closing For Next Friday

Postby topcat » Sat Nov 26, 2016 12:23 pm

stocks hunter wrote:I don't care where the ASI is heading. But instead of that I want to see the longer term view,value of shares in my portfolio,future gems etc....

This thing I don't like and we should do things broader than this as a responsible forum today.


But SH I think it's not harm to do such a thing to keep the motivation of members. It will also give some support to study on techs :)
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Re: Predict Weekly ASI Closing For Next Friday

Postby Blue Whale » Sun Nov 27, 2016 12:19 am

I think it will be 6,342.
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