SGX Nifty 18th Feb 2016

SGX Nifty

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SGX Nifty Live

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

SGX Nifty 18th Feb 2016

SGX Nifty / Nifty Futures opened higher today but failed to sustain on the higher side and then started falling during intraday trade Nifty spot at one point in time was down almost 100 points but towards the end of trade recovered and closed almost 72 points in the green to finally close the day at 7120 spot Nifty.

SGX Nifty / Nifty Futures Minor Trend is oversold. SGX Nifty / Nifty Futures Major Trend is bullish / up. As per our Indian Stock Market analysis / Nifty Prediction we maintain our view that we do not see Nifty sustaining on the lower side and buying at cmp and on dips from a positional stand point with aug 2016 as a time frame will make excellent money for traders and investors. We do not see much downside than what has been done on last Thursday on 11th Feb 2016 and  as per our analysis we see that the bottom is in place and as regular readers and clients of this website are well aware that our overall targets for this bullish move is 8800-9000.  This target as per our Indian Stock Market analysis / Nifty Prediction is going to be a fast bullish cycle move and it will not be slow move to our understanding of the wave and time cycle combined. 

Many traders, Fund managers and HNI investors have been calling and asking us as to what share market news or trigger will come that will take Nifty higher to such levels and we consistently are trying to communicate that Stock Markets do not follow news rather the people and the smart money know the news well in advance and before the news is out they will position themselves well ahead of the event since these players and strong hands price and volume activity and wave nature of the price movements indicate bullish or bearish well in advance to add to that if we see the cause and effect system and theory as W D Gann (the greatest trader in recorded history) said “Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is nothing but a repetition of the past. There is nothing new under the sun”  So please understand the Share market news flow will follow the smart money trade as they already know the news and trigger well before the news gets public and hence news flow will always be a trailing indicator and never will be a leading indicator. Price, Astro cycles, volume indicators, sentiment all are very clearly showing us signs of bottom in place and all of these indicators are very clearly saying that Nifty is headed higher from here. Please once again understand that we do not see any real reason for bullish move so it will be a “Bina kaarann Tezi cycle” we do not see any major changes in corporate earnings nor do we see a revival in the Indian economy we only see a sharp expansion in valuations which we have explained in our past few updates / post.   Nifty as per Elliot wave will need a faster move above 7210 spot Nifty (which we feel is on the way to confirm our wave counts so in the next 1-2 trading days we could very well see Nifty moving higher towards 8800 once this criteria is also done and we get final reversal confirmation of the trend)

Nifty spot support and resistance for tomorrow 18th Feb 2016 is at 6950 and 7350. We reiterate our target of 8800-9000 and as per our Nifty Prediction we see this current move as the best opportunity to buy Indian Equities and buy Nifty Future. From a short term perspective one can buy Cairn India, IDBI Bank at cmp and dips. For medium term delivery one can buy and Hold MSL, Kesoram, Bajaj Hind, Renuka sugar, EID Parry, NMDC (has given 9% interim dividend we see NMDC also moving towards 300 in 36 months) Tata Coffee (we see coffee prices moving significantly higher in the next 23 months)

Good Trading To You!