SGX Nifty 11th Jan 2016
SGX Nifty / Nifty Futures today was consolidating after the sharp fall seen in this week. It was just last Friday on 1st Jan 2016 Nifty made a high of 7972 and from there within this week SGX Nifty / Nifty Futures has collapsed by 415 points and using principles of elliot wave, Gann wave, time cycles and astro cycles we had very clear warned that do not buy fresh at higher levels, we had also recommended that selling calls will give very good money and that prediction too was exactly spot on.
SGX Nifty / Nifty Futures Minor Trend is down / bearish. SGX Nifty Major Trend is bullish / up. As per our Indian Stock Market analysis / Nifty Prediction we do not expect any significant up move or bullish move before another round of panic probably the past round of panic sets in the Indian Stock markets. During this panic towards 7500 we must be buying Nifty Futures and Selling next month or far month puts as post this panic we see Nifty Futures / SGX Nifty starting a bullish cycle and that will take Nifty Futures / Spot Nifty towards 8800-9000. Once again we are clearly saying that buying has to be done around 7500 in panic and please understand during panic bottom formation we could very easily go below 7500 also and it is even possible to go as low as 7300 also hence during that panic proper position sizing must be done and trades must be built up in a proper staggered manner. If you are trading only on the basis of this post then please use appropriate risk management procedures and then only trade. Buying in panic around 7500 is not a intraday trade or BTST trade or a trade for 1 week we are once again repeating that this is a positional trade with a target of 8800-9000 and this trade will give excellent money in the next 90-180 days.
If you are a investor then during that panic buy and hold good high quality front line companies (I personally do not trade much of stocks and hence I will not be providing any stock wise recommendation baring sugar stocks which readers of my website do know) but accumulate good high quality names in that panic and you will make very good money over the next few months.
Nifty spot support and resistance for tomorrow is at 7480 and 7728. Use all dips and panic to accumulate positional trading long positions and buy and hold. There are very important time cycle days in the next week from tuesday-friday and coincidentally these days also are under the orbit of influence of level 1 geocosmic signatures (Jupiter Retrograde and Sun square Uranus) further today (8th Jan 2016) is a (Venus square Saturn) level 3 geocosmic signature (but generally these signatures are seen historically to create panic and end primary cycles so we can expect a panic bottom anytime next week)
Good Trading To You!