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SGX Nifty 18th Jan 2016
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 do not see much or any significant downside remaining now in Nifty Futures / SGX Nifty (when to buy, where to buy, how much to buy all details have been given to clients, if you are trading only on the basis of this post then please use proper risk management systems and trade). We could still breach 7300 during intraday trade but that does not matter as we do not see price sustaining below 7300 beyond 3 trading days Nifty spot levels and we see a sharp u turn and bullish move starting in Indian Stock Markets and Global Stock Markets anytime this week after Wednesday 20th Jan 2016. We once again reiterate our targets of 8800-9000 and we see Nifty Futures / SGX Nifty forming a panic bottom shortly and then moving towards 8800-9000. From a tactical stand point we must be buying into the panic that we see in the next 48-72 hours as price will not sustain lower and fast bullish move will begin from lower side after panic bottom formation is done.
Mercury Retrograde has crossed mid point and now we anytime in the next 72 hours after a final panic bottom we will see sharp bullish moves on the upside. This rally as per our Indian Stock market analysis / Nifty Prediction will stun most of the Indian Stock market participants / brokers /analysts as as of right now it is a consensus that Nifty will not move significantly higher from here as the overall economic picture does not look good and with so many problems how will the stock market rally? Actually if we look at geocosmic signatures this is a typical hysteria that Mercury Retrograde creates when it is begins in a air sign and exactly this is what we are seeing. So please do not listen to people who will say India is finished, some may even say the world is finished and we are headed for a total collapse but it will not happen now at least not in Jan 2016, it will happen for sure but not now. The world as we know it will change by the end of 2018 but lets focus as of now for this great bullish move that we are about to see.
What will outperform ?
Sugar, Corn, Wheat, Soybean, Rice, Cotton, Tea, Coffee, (yes most agro commodities will be the best asset class this year in 2016) As far as my favorite its Renuka sugar, bajaj hindustan , eid parry. Buy all of them on dips. Also buy MSL, Kesoram, NMDC on dips all of them will do very well in the bullish cycle move.
Nifty spot support and resistance for tomorrow 18th Jan 2016 is at 7252 and 7425. Use dips to buy and hold high quality stocks and Nifty Futures from a positional stand point.
Good Trading To You!