Nifty Prediction We don’t see downside below 11000 spot Nifty levels. Buy high quality stocks in delivery as recommended.
Nifty Astro cycle prediction Nifty and world markets started the fall with Mercury going retrograde and we had mentioned that Friday lows will be protected because that was the mid point of the retrograde period so as of now as we have predicted Friday lows have been held and there could be some volatility till 9th March because Mercury will end its retrograde period on 9th March and go direct. Once this happens astro cycles start favouring the Market and we do not see any major downside after 9th March. Keep in mind more or less bottom is done but volatility can come till 9th March. On sunday sun will also square Neptune and this too will change the market trend from sell on rise to buy on dips.
Now from a technical perspective Nifty remains in oversold zone and historically whenever we have seen such levels of oversold reading we have always seen a major bottom formation taking place. Sure there are resistances around 11500-11650 spot Nifty levels but we do not see resistances holding out for longer time. Minor pullback can come from 11500-11650 area so if you are long from lower levels some profit can be booked at those levels but be make sure you buy again on any sort of reasonable decline because we see prices then moving higher from there.
From a fundamental perspective we have good stocks now so buy Divis labs, Maharashtra scooters, Icici Bank, Hdfc Bank, Tata Motors and other stocks which we have recommended in our previous update.
Good trading to you!