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Learn more on NIFTY bidding
What is Bidding?
Research analysts, brokers and traders perform their analyses to predict the future price of a stock or an index. They then set a price for the asset and bid an offer on it. When one says that the market experts are bidding on a particular stock, it means that they are offering a price that they are willing to pay in order to purchase the stock.
What is Nifty?
The National Stock Exchange is one of the major stock exchanges in India. Nifty is its index. The Nifty index is constructed using the 50 most actively traded stocks in the National Stock Exchange. It covers 22 sectors and gives a broad representation of the overall performance of the market.
The value of Nifty is calculated using the free float market capitalization weighted index method. When the price of the stocks goes up, the value of the Nifty index also goes up. Likewise, if the price of the Nifty stocks goes down, the Nifty index value also goes down. If the market value of the outstanding shares of a particular stock is high, it will tend to affect the price of the Nifty index much more than a stock whose market value of its outstanding shares are lower.
How can you predict Nifty?
You can predict the value of Nifty by finding out the sentiments of the participants in the market. The market is bullish when traders are optimistic about the market and bearish when there is uncertainty or pessimism in the market. In order to predict the value of the Nifty index, you should be well aware of the domestic as well as the global economic scenario and of any major news events that can affect the value of Nifty.
Is there a way I can analyse it?
You could make use of the technical charts to study the candlestick patterns to analyse the trend of the Nifty index and use the support and resistance levels along with some technical indicators in order to predict the value of Nifty. Nifty follows the basic principle of supply and demand. In order to predict Nifty, you need to know if the demand or the supply in the market is dominant.
We invite all stock market enthusiasts to participate in the Nifty bidding contest. All that you need to do is to predict the closing value of Nifty!
When can I make a prediction?
You can start making a prediction for the next days Nifty closing price as soon as the market ends. So come visit our NIFTY site http://aliceblueonline.com/nifty/niftypredict and start bidding on Nifty using your trading skills and win some exciting prizes!
How does it work?
You need to predict the closing price of the Nifty spot index. If your prediction falls within a + or - 10 point range of the exact closing value of the Nifty spot index. Your prediction however should reach us before 2 pm on the trading day. When the market closes at 3.30 pm, the participant who has made the closest or the exact prediction of the close price of the Nifty spot index gets rewarded.
What is the Gift Voucher and how it can be given?
Participants who make an exact prediction of the Nifty closing value get cash vouchers of Rs 5000.The prize for the participant who makes the closest prediction of +/ - 10 points will receive a cash voucher of Rs 500.
How do I win?
You need to do a thorough research and try your best to predict the closing value of the Nifty index every day. If you can predict the value in a +10 or -10 range, you get rewarded.
How does all this work?
To enter this competition, follow the following steps:
Go to Alice Blues NIFTY page: http://www.aliceblueonline.com/niftypredict
Fill in your details - Name, Email ID, Mobile number, State, City etc.
Once you submit the form, aacknowledgment email will be sent to your email ID.
Make sure that you have checked Terms and Conditions before you start bidding.
Once the winner is announced, the gift voucher will be sent to them within 48 hours of the time of announcement.