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SGX Nifty Live
SGX Nifty 17th Feb 2016
SGX Nifty / Nifty Futures today gave a pullback by 100 odd points. As per our Indian Stock Market analysis / tips / Nifty Prediction we highly recommend to buy into such dips as we do not see them last any longer now and we are expecting a fast bullish move to begin anytime that will take the Nifty spot towards 8800-9000 levels we do not see much downside now onwards and if you do get any dip it will be a great buying opportunity (The trade we are suggesting is with a time frame of aug 2016 so in the next few months we see a massive bullish move taking place and this is the best time to buy and hold Indian Equities) . We have today initiated another part buying and now we have gone totally long on Nifty and we have also advised our clients to be aggressively long on Renuka Sugar, Bajaj Hindustan, EID Parry (sugar stocks as we see sugar sector doing very well in the coming time we expect this sector to be the best performing sector in the Indian Stock Market and we see min of 5X targets for them in the next 23 months very minimal or negligible downside risk and min 5 X higher price target is our prediction for Sugar sector )
As we see all the parameters for a perfect bottom are in place as of today. No one wants to buy now as they are expecting 6300 but everyone wanted to buy at 9000 expecting 10500, not one person on the street is talking about 7500-7600 everyone is talking about 6300-5800 (perfect sentiment indicator). Time cycle shows us that important bottom is almost in place and as per time cycle we see a super bullish move taking place anytime starting now so buying and holding longs will be the best trades as risk reward ratio also favors the buying side. Wave pattern to us does not show any impulse signs on the downside it is a clear cut corrective wave and corrective wave will not last more than the average time. Hence when we look at multiple indicators we are clear that the bullish cycle will be starting anytime taking Nifty in a fast manner towards 8800-9000. As said before Rahu had to force all traders out of longs and enforce liquidation (it did that on last Thursday ) and now it will create such forth and super fast move which will create massive high valuations supporting that move is Retrograde Jupiter and now Mercury in Sagittarius (as Sagittarius is a sign ruled by Jupiter) which represents expansion we will see crazy expansion in valuations and this geocosmic signature has very high correlation to massive bullish moves so just imagine three major amplifiers are going to just add power and that will lead to fast and crazy bullish moves in the Global and Indian Stock markets so now is the time to buy and hold.
SGX Nifty / Nifty Futures Minor Trend is oversold. SGX Nifty / Nifty Futures Major Trend is bullish / Up. Nifty spot support and resistance for tomorrow is at 6918 and 7200. Use all dips and cmp to buy Nifty Futures or short March Puts or buy high quality stocks.
Good Trading To You!