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SGX Nifty Live
SGX Nifty 16th Feb 2016
SGX Nifty / Nifty Futures today opened higher following positive global cues and then continued rallying through the day and finally closed the day higher by 182 points at 7162. Tata Steel, Hindalco, L&T, State Bank of India and Adani Ports were leading the Nifty 50 today while Bharti Airtel, HUL and HDFC were seen lagging. As per our Indian Stock Market tips / advice / Nifty Prediction we maintain our view that Buying must be done at all levels now as we are expecting a fast bullish up move which will take Nifty spot towards 8800-9000 levels in the next 90-180 days. We do not expect any significant fall in the Global Stock Markets or Indian Stock Market but we do expect volatility to be present during this move so although we see fast bullish move please keep in mind that it will have its part of volatility and hence at regular intervals one must keep booking profits also and then keep reentering on dips as and when Nifty gives a pullback. One of the best strategy as per our understanding of the current wave and astro cycle and time cycle combined is to sell March and April Puts as they will offer good amount of safety to traders.
Today on 15th Feb 2016 Mercury will move to Sagittarius (and this has a very high correlation to wild even crazy bullish moves to give you a idea it will be like 1999 last phase of the dot com bubble) and since Sagittarius is a sign ruled by Jupiter it symbolizes expansion, exaggeration, excessive so we can expect the world stock markets to see expansion of valuations and see wild price rather ultra fast price moves and this fueled by Vedic astrology principles of Rahu (North Node) which is a master of deception will start creating froth, hyper valuations, sharp bullish moves which will come out of no where and take Nifty towards 8800-9000, please note now we see Rahu (North Node) forcing everyone in to massive excessive long positions it will put people in to such over confidence that people will even start betting against their property or may be even their ancestral jewellery. Now we are expecting a deception on the bullish side Rahu will force the most bearish person to come on TV channels like CNBC / ET Now and they will all talk of 10500, 12500 but we do not see that happening. We see Nifty topping out around 8800-9000. Keep this in mind that although we are expecting a euphoric bullish move we do not see any change on the ground nor do we see any change in corporate earnings nor do we expect any major policy reforms but still we see all price multiple expansion.
So coming back to current situation we see bullish cycle taking Nifty towards 8800-9000, use all dips, consolidation and breakouts and low risk entry points to buy and hold. From a tactical stand point you can buy and book part higher and hold the remaining quantity for higher side targets. Nifty spot support and resistance for tomorrow 16th Feb 2016 is at 7029 and 7280 spot Nifty levels. SGX Nifty / Nifty Futures Minor Trend is oversold. SGX Nifty / Nifty Futures Major Trend is up / bullish.
Good Trading To You!