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SGX Nifty 12th Aug 2016
PLEASE NOTE THAT THIS IS MY OVERALL VIEW ON THE NIFTY AND THAT DOES NOT MEAN PRECISE ENTRY AND EXIT POINTS WILL BE MENTIONED IN THIS POST. IF YOU ARE TRADING ONLY ON THE BASIS OF THIS POST PLEASE USE APPROPRIATE RISK MANAGEMENT AND THEN ONLY TRADE. PLEASE DO NOT OVER TRADE.
SGX Nifty / Nifty Futures today was seen consolidating after the sharp fall seen in the past two trading days. As per our Indian Stock Market analysis/ Nifty Futures tips we are very clear on our counts and we reiterate that we see significantly down side levels. These levels are not being thought by anyone in the market as of now at least and we see much lower levels coming in the next few months. These levels on the downside will give us much more cheaper prices and valuations to enter Nifty futures and at the same time build a high quality portfolio. We did some churning in our portfolio a few days back and you may refer to that in the previous post that we have given.
As per our astro cycle analysis we see that today Jupiter changes house. Till today Jupiter and Rahu (North Node) who was controlling the rally were in same house from end of January and now Jupiter will move out. As we had said before and most regular readers and clients are well aware that Rahu (North Node) has characteristics of deception and Jupiter has characteristics of expansion, exaggeration, euphoria. So what now has ended up with both these planets in the same house is that there is expansive deception which can also be seen in terms of the Nifty charts and also it can be clearly seen in the valuations which have become very frothy. So the job of Rahu to create froth has been done and Jupiter has done its job in expanding that too by acting as a amplifier. In the past few days the move is now slowly and steadily moving to another planet which means the driver of the car is changing. Which means that another planet will now control the move in the market and all risk on assets. This planet will get accountability in place and will force a reality check. Which in other words means that will force and remove all the cover ups that have been going on. When this starts to happen as we have said inflation will move higher, Crude oil will zoom higher and a few other commodities will also zoom higher there by the risk on environment will be forced to change to protect your capital. The greatest thing this planet will do is create a revolutionary way to treat cancer. It will give a massive new technology to treat cancer which has never ever be seen before. If my understanding of this cycle is right many records will be done in the area of medical science with respect to cancer treatments. So do not be over weight pharma since I do not know which company will come out with these kinds of new technology in the next 6-8 months. So it will have lot of positive effects also bit as far as risk on assets are concerned we see a total decimation not a correction and please keep that in mind. Prices will collapse to unimaginable levels on the lower side. Silver is also looking good on the charts and we will take buying positions but still some more time is there before we enter. Some psu banks look very weak. Some private sector banks also look very weak. Extreme caution is advised in PSU Banks especially after the BOB results today which we were expecting it to be bad but it has surpassed even our downside estimates which could mean that we might be underestimating the problem.
Good Trading To You!