SGX Nifty 14th Jan 2016

SGX Nifty

LTP  8,576.00   -128.00   -1.49% High 8,710.00 Low 8,546.50

SGX Nifty 14th Jan 2016

What a day of trade it was. Regular readers of our website know that since past few days (actually past 1-2 weeks ) we have been clearly predicting that we still see one panic bottom below 7500, today Nifty made a panic bottom below 7500 went all the way up to 7426 spot Nifty and then began fireworks. Nifty started fast move upwards and after making a low of 7428 made a high of almost 7600 spot Nifty levels mentioned. We did begin initiating buying positional trading longs and for the past few trading days we had clearly told our clients to accumulate sugar stocks (Renuka Sugar, Bajaj Hind, NMDC, MSL, Kesoram Industries on all dips as we see these stocks outperforming Nifty 50 in the move towards 8800-9000). Avoid Banking sector though.

Now we have primary reversal confirmation of the trend and are awaiting secondary confirmation and final confirmation for trend reversal. Please note we have already started taking positional trading longs and we do not see any significant price move below today’s low now (few 100-200 points still is possible thanks to mercury retrograde midpoint approaching in the next few hours) but overall our view remains the same below 7500 in panic we must look to buy the dips and start building trading positional longs for targets of 8800-9000. Take this view and trade for the next 90-180 trading days and you will make good money. Follow and start taking buy on dips or low risk entry points or consolidation and breakout trades in the direction of main trend which is up / bullish for targets of 8800-9000 and you will make excellent money over the next few months. What share market news will take it towards 8800-9000 I frankly do not know and I am not interested to know as news will always act as a trailing indicator while price always acts as a forward indicator. (Please note that buying in panic and on dips for targets of 8800-9000 is not a intraday / BTST or weekly trade it is for a period of 90-180 days with a positional trading view. Front line stocks can also be bought into on dips )

SGX Nifty / Nifty Futures Minor Trend is Neutral. SGX Nifty / Nifty Futures Major Trend is up / bullish. Use all dips towards supports to buy and all dips must be bought into at appropriate points for targets 8800-9000. Nifty spot support for tomorrow 14th Jan 2016 is at 7428 while resistance is at 7710. One of the best times is about to start for Indian Stock markets.

Good Trading To You!

SGX Nifty

-109.99

Index Last High Low
Nifty Future Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response
Nifty Future Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response
CNX Nifty Spot 7879.50 7880.20 7837.70