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SGX Nifty 19th Jan 2016
SGX Nifty / Nifty Futures is in final down cycle move which has started last year (in March of 2015) at or around 9000 levels. We consistently were alerting readers and our clients of this website at that point in time that bullish move is over and now mandi is about to start and we had initial targets of 7961-7500. Now those targets are completed and time cycle is getting complete for bullish cycle to begin. As regular readers of this website already know that our targets on the upside are 8800-9000 levels and we do not see any significant downside now from current prices. (Please note 150-200 points variations are easily possible during intraday trade due to higher volatility but we do not see prices sustaining on the downside and we see a sharp bullish move starting anytime now) As per our Indian Stock Market analysis / Nifty Prediction we see a panic bottom formation very close by from current levels so please use this dip to buy and hold high quality stocks and those investors and HNI’s that were looking for cheaper valuations now is the time to deploy cash and move out of fixed income and jump into equities, sure we could see some more downside and volatility during the next 48 hours but we do not want to get into business of timing the last leg of the fall. The risk reward ratio is now clear and extremely in favor of buying and those traders and investors who buy and hold now in this panic will be rewarded very handsomely. So keep calm and buy and hold. On the top of our buying list is Renuka Sugar, EID Parry, Bajaj Hindustan, MSL, Kesoram, NMDC we feel that all these stocks will give excellent out performance over the next few months. So accumulate them in your portfolio.
Please understand our view clearly that although minor volatility is possible and please understand that in the panic about to set in in the next 48 hours no level will be sacrosanct (Where could be the exact bottom? I don’t know). (will buying from current prices make excellent money? 100 percent yes) No sector will be holy cow to hide everything will fall and collapse but we must be using the collapse and enter into longs as we do not see prices sustaining on the downside and we see prices reversing very sharply on the upside. One of the safest strategy will be selling March and Feb month puts as IV’s are starting to spike up and even if some trader starts buying naked Nifty Futures it is no harm just that you will have to hold on to it and see the volatility which could come in the next 48 hours post Friday next week onwards we see Nifty Futures / SGX Nifty moving higher so make use of the fall and deploy cash.
SGX Nifty / Nifty support for tomorrow is at 7210 and resistance is at 7511. Use dips to buy and hold positional trading longs for targets of 8800-9000. (I know it seems impossible but we will follow what the charts and astro cycles show us, as when 4th March 2015 Nifty started falling from 9000 odd levels it did not look logical that 7961 or 7500 will come but now it has once again proving the accuracy of our systems, hence we must not be bothered as to what share market news will come as news will always act as a trailing indicator and we will always see prices move in advance and then share market news shall follow later). This panic in hind sight will turn out to be the best buying opportunity for 2016 hence use your capital properly and buy dips in a staggered manner.
SGX Nifty / Nifty Futures Minor Trend is oversold. SGX Nifty / Nifty Futures Major Trend is bullish / up.
Good Trading To You!