SGX Nifty 10th Dec 2015
SGX Nifty / Nifty Futures Minor Trend is neutral / oversold. SGX Nifty / Nifty Futures Major Trend is bullish. As per our Indian Stock Market analysis we reiterate buying below 7700 is a good trade and our targets on the upside are 8800-9000. In the short term we could see a panic bottom being formed but even if the panic bottom does come then also the risk reward ratio is significantly in favor of buying the dips. Today we have initiated buying into Nifty Futures / Selling Puts as we do not see any significant downside from now onwards and as per our stock market analysis / Nifty Prediction we do not see Nifty sustaining below 7700 for long. So in short and simple words downside is less and upside is very good and hence we are adopting buy on dips. Please understand I am not suggesting buying for next week, I am suggesting buying below 7700 will make good money over the next 90-180 days and only if you can handle short term volatility then only you must initiate buying below 7700 as told.(all details and live assistance is being provided to our clients during stock market trading hours)
There are some very important time cycles that are coming up in the next few trading days and they also are level 1 geocosmic signatures. Mars is currently in a cardinal T square with Uranus and Pluto and this is a level 1 signature. Yesterday Sun trined Uranus (another level 1 geocosmic signature) and tomorrow Mars opposes Uranus and Venus trines Neptune now all of them are level 1 geocosmic signatures capable of individually reversing the trend. Hence when so many of them are present they by default become 4 start critical reversal zone and Nifty is declining into the event so we can expect a reversal soon. More updates on time cycle will be given shortly.
Nifty support and resistance for tomorrow is at 7519 and 7822. On dips we once again are recommending to use this dip to accumulate as we do not see any significant downside now onwards and please understand there could be a short term panic but during that panic we must be buying into the panic and not the other way round. I am bullish from now onwards till 8800-9000 and I am not suggesting that we will see a one side move towards our targets of 8800-9000 but surely it will come (when how etc all details to clients )
Good Trading To You!