Nifty Prediction 27th Feb 20

Nifty Prediction 27th Feb 20

Nifty Prediction we see bottom formation in the next 2 or 3 days and then we see a good rally which can take Nifty higher. Bank Nifty will outperform. Many of the traders are expecting levels of 11000 but we do not see that taking place in the near term sure there can be some more panic in the next few 2 or 3 days I can not rule that round of panic out but beyond a point for the near term we do not see short selling will make good money from current levels. Those who are short should keep appropriate trailing stop loss for their respective shorts. There are some individual names (stock specific) which we see will do very well. 

Part of what we did 

[9:15 AM, 2/25/2020] Glenn: Good morning
[9:15 AM, 2/25/2020] Glenn: No open positions in Nifty for now
[9:15 AM, 2/25/2020] Glenn: Wait on sidelines
[12:42 PM, 2/25/2020] Glenn: Wait on sidelines for now
[12:57 PM, 2/25/2020] Glenn: Nifty Sell 1 part below 11800 spot level
[2:14 PM, 2/25/2020] Glenn: Trade is active
[8:30 PM, 2/25/2020] Glenn: Based on astro cycles we see panic bottom formation in Nifty in next 3 trading days. Further based on astro cycles we see a vaccination for coronavirus coming in the next few days. This will change market sentiment and start taking Nifty higher. So whatever panic happens is going to take place in the next 3 days i dont see any panic beyond 28TH Feb 20 and march I will not be surprised to see 12400 plus so keep that in mind. Also, tnose who want to buy can buy stocks which are in uptrend in panic like icici bank, divis Labs, mah scooter, bajaj Fin, pidilit ind, kuantum paper, Jub food we see these stocks leading the rally. Unless the panic low which will be made in next 3 days breaks we don’t see any major longer term problem for the market in the near term.
[8:32 PM, 2/25/2020] Glenn: Don’t buy gold or silver for now. Tnose who have booked profits even partially should wait for lower levels and we won’t be surprised to see silver or gold give good entry levels on the downside. We don’t see much upside in near term in gold or silver however longer term we remain very bullish
[8:33 PM, 2/25/2020] Glenn: Strategy will be to buy gold and Silver again in panic and keep booking on euphoria. So till. Silver does not cross 51 k I strategy is to buy in panic and keep booking profits higher
[8:33 PM, 2/25/2020] Glenn: Only after 51 k is crossed it will become a buy and hold for target of 1 L
[9:09 AM, 2/26/2020] Glenn: Good morning
[9:10 AM, 2/26/2020] Glenn: Nifty book 50 percent profit at 11750-11700 range and hold remaining 50 percent short qty as told
[9:15 AM, 2/26/2020] Glenn: Confirmation Nifty booked 50 percent at 11700 for sell done at 11800 hold remaining 50 percent short qty as told
[9:17 AM, 2/26/2020] Glenn: Book profit in remaining Nifty shorts at cmp
[9:17 AM, 2/26/2020] Glenn: Confirmation no open positions in Nifty for now
[9:18 AM, 2/26/2020] Glenn: Wait for buying msg
[9:26 AM, 2/26/2020] Glenn: Reiterate we see bottom formation by Friday in panic we will be buying. Based on astro cycles we see down side time ending by Friday (Friday can also be the panic low day)
[12:07 PM, 2/26/2020] Glenn: As and when anything needs to be done will update
[2:45 PM, 2/26/2020] Glenn: Bank Nifty Trade in 2 Parts Buy 1 Part at cmp
[2:46 PM, 2/26/2020] Glenn: In panic we will buy 2nd part
[2:48 PM, 2/26/2020] Glenn: Trade in March Fut
[2:49 PM, 2/26/2020] Glenn: We see Bank Nifty outperforming Nifty in next round
[2:50 PM, 2/26/2020] Glenn: Icici bank buy at 519 spot level
[2:52 PM, 2/26/2020] Glenn: Keep in mind we can see panic till Friday so in panic now we are starting to buy
[3:13 PM, 2/26/2020] Glenn: Bank Nifty Hold 1 Part Long as told for buy at 30275 March Fut level
[3:14 PM, 2/26/2020] Glenn: As and when anything needs to be done will update
[3:20 PM, 2/26/2020] Glenn: Signs of bottom formation but as of now bottom confirmation is not in place
[3:20 PM, 2/26/2020] Glenn: Please do not overtradr
[3:21 PM, 2/26/2020] Glenn: Please do not over trade
[3:21 PM, 2/26/2020] Glenn: We still can see another last leg of panic before Friday that’s still possible
[3:23 PM, 2/26/2020] Glenn: Bank Nifty book 50 percent profit at cmp
[3:24 PM, 2/26/2020] Glenn: Hold remaining 50 percent long qty in Bank Nifty as told
[3:24 PM, 2/26/2020] Glenn: Will update as and when anything needs to be done
[3:24 PM, 2/26/2020] Glenn: Confirmation Bank Nifty booked 50 percent at 30445 March Fut level
[3:24 PM, 2/26/2020] Glenn: Hold remaining 50 percent long qty as told
[3:25 PM, 2/26/2020] Glenn: Reiterate Bank Nifty will outperform in next leg