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SGX Nifty 1st Aug 2016
PLEASE NOTE THAT THIS IS MY OVERALL VIEW ON THE NIFTY AND THAT DOES NOT MEAN PRECISE ENTRY AND EXIT POINTS WILL BE MENTIONED IN THIS POST. IF YOU ARE TRADING ONLY ON THE BASIS OF THIS POST PLEASE USE APPROPRIATE RISK MANAGEMENT AND THEN ONLY TRADE. PLEASE DO NOT OVER TRADE.
SGX Nifty / Nifty Futures continued its consolidation yesterday. As per our Indian stock market analysis we once again reiterate that we see the bear market that started on 4th March 2015 is not yet completed and the rally that started from 6825 is now in mature stage. There are enough indicators and systems showing us the oncoming time Nifty Futures will move much lower from current levels and we will see prices falling significantly from current levels, We know even if we mention our targets today no one believe us but in simple words we are saying that we will see unimaginable levels on the downside such levels are not even being imagined by most people in the market today forget even talking about them, there may be very few people who will understand what we are trying to communicate as of now but we are writing this so that when the panic moves start it should not happen that you think that it is a correction of the pullback rally that we are seeing currently. We are very clear that overall the larger counts are in place and no much time is pending now. Yesterday we did some stbt trade and once again booked profit in the trade. There have been many traders reading this website and taking trades if you are doing so please manage your risk. Those clients who have followed me have been making consistent money with the exception of this current Nifty move. We have traded every move properly from 4th March 2015 and made money, we have also made good money in silver, sugar stocks, msl, kesoram, tata coffee, nmdc also. This move we will make money but in the near term we misread the last part of the rally but that does not mean that the larger counts have changed. Our larger counts if were wrong then we would not have said at 7000 that this is a in and out rally, we trade long and then get out and go short again (this was said at 7000 levels as we knew that larger move is a pullback rally). The only problem that has happened is that we misread the last part of the rally. We very well know that some people are very frustrated with behavior of Nifty but remember this that making money in the market is not as easy as paying me and following my messages sometimes like now there will be times when patience will be tested and in short term I will go wrong but as my older clients know that in larger context we have always made money and this time too we will do that. We have have learnt many lessons from this move and we will use that to improve our odds next time onwards. We will keep guiding clients on how to manage positions and trade on day to day basis to keep pushing costing higher.
The rally was being controlled by rahu but now he will hand over to some other powerful planet once the hand over is done we will see the power it unleashes. Rahu has done its job of froth formation now the clean up is guy is coming to make a hard landing.
Many people have asked me about what will happen to sugar stocks when the collapse happens we maintain our overall bullish view on all the stocks that we have mentioned please keep in mind that we have done some churning in our portfolio. All details have been given to clients about the same.
Good Trading To You!