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SGX Nifty 21st 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 we have almost done the bottom and a few minor variations are possible so from now onwards buy and hold positional trading longs only be careful till 12 noon tomorrow post 12 noon tomorrow we expect the current volatility to start reducing and we expect from Wednesday 27th Jan 2016 SGX Nifty / Nifty Futures to begin its bullish move towards 8800-9000 levels. Even as of now we have only taken 50 percent exposure and we will either wait for last round of panic tomorrow or we will wait for final trend reversal confirmation to happen and then only we will add more exposure to the Indian Stock markets. We once again reiterate our view that these are some of the best prices to buy and hold for the next bullish cycle that will begin from 27th Jan 2016 and from a positional trading stand point any person (trader or investor) who deploys cash here will make excelent money over the next 90-180 days. Now is the time to be aggressive and buy into the dips and hold on for bullish prices. Keep calm and buy and hold from a positional stand point.
Most of the fund managers / DII / FII investors cant believe what we are saying and cant understand also what we are saying and we are very happy that they are and most investors are totally in disagreement with what we are predicting because they were in disbelief in the same manner at 9000 levels and now when down cycle is about to end they again are in disbelief. So combination of our studies based on elliot wave, gann wave, time cycles and astro cycle are clearly telling us that this is the best time to buy. Sentiment indicators also are telling us the same thing. No one is bullish, everyone is bearish. Nifty is extremely oversold. So buying is the best thing to do in panic. Buy kesoram industries, MSL, Renuka Sugar, Bajaja Hindustan, EID Parry, NMDC on dips these will be the best and safest trades which we see will out perform the broader Indian stock markets. We see targets of 8800-9000 over the next 90-180 days. We expect this volatilty to end on Onday 25th Jan 2016 as Mercury goes direct in earth sign and that will start bringing back stability to the Indian Stock Markets and global stock markets. So we dont see any panic lasting now for long and we do not see prices sustaining on the downside.
Nifty support for tomorrow 21st Jan 2016 is at 7211 and resistance is at 7422. Buy all dips we are almost at the bottom if not the bottom. (please use this view only as a positional trading view not for intraday / BTST purpose)
Good Trading To You!