SGX Nifty 15th Dec 2015

SGX Nifty

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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

 

SGX Nifty 15th Dec 2015

SGX Nifty Minor Trend is Oversold. SGX Nifty Major Trend is bullish / Up. As per our Indian Stock Market analysis / Nifty Prediction SGX Nifty / Nifty Futures has time cycle support from today 2.30 PM to 17th Dec 2015. We are expecting Nifty Futures to make a low or a panic bottom and then move higher from there towards our targets of 8800-9000. We do not subscribe to the view or trade to short Nifty and we have been trading in and out and advising our clients just to wait for final reversal signals but we have not advised them to short sell anything as risk reward ratio favors buying on dips and not selling on rise. We are once again saying that our forecast is not for tomorrow, our forecast or prediction is a positional one and if you can buy now on lower side during panic bottom formation and hold it for next 90-180 massive money can be made. In fact this will be one of the next tezi cycles over the next 12 months and we do not know what share market news will take it higher towards 8800-9000 and after 17th Dec 2015 we could start seeing sharp bullish moves in the world stocks markets and Indian stock markets.

Today to trade a tactical move we did once again book profits in Nifty Jan 7700 Put 1 Part shorts and we will reenter them on dips again later. Hence as I have been saying forecasting is just one part of trading, risk management, risk reward ratio, time cycle points all are very important to keep in mind and then only take positions in the direction of the main trend.  (If you are trading only on the basis of this post then please use proper risk management systems and trade, please do not do blind trades). As per Elliot wave, Gann Wave, Time Cycle and Astro cycle all are indicating a bottom formation is now close by and post the panic bottom we will see Nifty zooming towards 8800-9000. We do not see any significant downside form here on but when to buy, where to buy, how much to buy is a matter of position sizing so if you are not our client then please buy positions accordingly.

Nifty spot support and resistance for tomorrow 15th Dec 2015 is at 7480 and 7785. On dips towards appropriate supports or low risk entry points buy and hold.

Good Trading To You!