Nifty Futures 28th Feb 2017

SGX Nifty Futures

LTP   10,940.00   +26.00 +0.24% High 11,041.50 Low 11,001.00 (Change Vs Today’s Nifty Futures (NSE) Closing)

Nifty Futures 28th Feb 2017

SGX Nifty / Nifty Futures today did correct from higher levels. As per our analysis, we once again reiterate that these are not prices to buy rather these are prices to sell and when to sell where to sell and how much to sell has been communicated to all our clients.  We once again reiterate that Nifty we see the final target of 5872 and we do not see money being made in buying stocks at the current stage. The important point to keep in mind from a fundamental perspective is that no one has ever made money buying at such hefty valuations and we do not think that this time it will be any different. Overall we do not see money being made on the buying side with a few exceptions like sugar stocks.

This week is a very important week from an Astro cycle point of view. Yesterday we had a solar eclipse, today we have Mars opposition Jupiter on 1st March Sun conjuncts Neptune and on 4th March Venus goes retrograde exactly in the same area where it went retrograde 8 years back (in March 2009 from where this entire rally has started). The effect of Venus Retrograde, in particular, is going to be very critical as historically we have seen Central Banks changing policy during this time. Now we all know that FED will be meeting in March 2017 and we expect them to hike rates and keep in mind even if they do not hike rates now they will guide very aggressively for a rate hike in the next meeting so that could be one of the direct effects of Venus Retrograde. Venus also rules banking and the period when Jupiter is Retrograde and Venus is retrograde historically has not been good for Banking sector so do expect some major NPA problems news to come out soon or some bad news generally comes in for the Banking sector which is not anticipated by the markets but generally this trend has been observed and that too could see Banks turning negative.  Now, most of the Astro signatures mentioned here are very powerful reversal signatures within an orbit of some x days so whenever we see these signatures are present the existing trend is seen changing in an orbit of x days.  In a nutshel, we are heading into one of the most powerful time zones of this calendar year and these signatures individually are very powerful themselves but this time there are 5 major astro siganture one behind the other. Also in this week, the combination of sun and moon positions are coincidentally in a certain part of the zodiac where they have been known to create major tops or at least a sudden sell-off is seen in them.

The bottom line is we do not know what news flow will affect the market and why the fall will begin to 5872 but we do know that this is not an area to be in buying. Multiple indicators have shown us that prices have always fallen sharply in circumstances when such background is present. Having said that keep in mind that if you are trading only on the basis of this post them please use your own risk management and trade. Please do not over trade under any circumstances.  The overall set up is very similar to that in 1929 and please keep in mind that we are not predicting 87% crash like the one of 1929 but all the parameters of 1929 are more or less in the making. The time cycle duration percentage of move all is suggesting that a major fall is about to begin in the coming months and we will eventually land up at 5872 Nifty.

Good Trading To You!