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SGX Nifty 21st Sept 2016
SGX Nifty / Nifty Futures was consolidating today before the FED event. There have been many asking us about what FED will do but frankly we do not see that FED will be a game changer people may assign a reason that markets started falling or rising because of the FED statements but in reality the multiple changes occurring will change the trend but do expect a lot of volatility around that change during this trend change it is important to manage your risk if you are not our client and are only trading on the basis of this post.
As per our analysis we see a sharp rise in volatility in the coming days and sharp price swings can be seen. As regular readers and clients of this website are well aware that Mercury will be going direct shortly and in addition to that Jupiter also has moved to Libra these changes are very important from our cycle analysis point of view. The combination of sun and moon positions will amplify the volatility for a few days so do expect false traps to be created and do expect sudden wild movements on either side.
Sugar has given a massive breakout in the international markets and we have reentered Ugar sugar around 38 mark we maintain our bullish stance on all the stocks that we have recommended in this space. Ugar sugar, Renuka sugar, Bajaj Hind all of them will continue doing very well and we see prices moving much more higher from current prices. The idea will be to buy on dips rather than trying to buy on rise please keep that in mind and do not chase momentum.
Silver and Crude Oil will also do very well in the coming time and when and where to buy we will update our clients. There could be some volatility there too and only post that volatility is done should we get into buying positions as we see a massive bullish cycle in both of them but still some time is remaining for that to happen. Do not end up buying anywhere and anyhow.
Important note. We may do some tactical trading as and when we see it. We may not even update the same here and those tactical trades could be done without me even informing here. If you are not our client and are only trading on the basis of this post you must at all times manage your own risk. We have mentioned our view here and that does not mean that I will provide precise entry and exits. I may choose to do so but please do not expect me to do it out of compulsion. Lot of critical information has been given in today’s update with regard to silver and crude oil and also the oncoming trend in Nifty so please read it carefully many times over as Mercury is going direct do not misinterpret our free website update and at all time please manage your own risk. If you make money it is your luck and if you loose money then also it is your luck. Read update properly and carefully before you decide to trade only on the basis of this post.
Good Trading To You!