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SGX Nifty 22nd Dec 2015
SGX Nifty / Nifty Futures Minor Trend is Neutral. SGX Nifty / Nifty Futures Major Trend is Up / Bullish. As per our Indian Stock market Analysis / Nifty Prediction we expect a panic bottom in Nifty Spot / Nifty Futures over the next few trading days during that panic or at appropriate supports or low risk entry points it will be best to buy into that panic for longer term targets of 8800-9000. For a very short term perspective we expect Nifty to dance between 8100-7950 on the upside and 7600-7700 on the lower side. Some time pass or sideways corrective moves will be seen within this trading range and then a panic bottom is expected towards or around 7500 Nifty spot levels mentioned. We do not see Nifty sustaining on the lower side of 7500 for over 7-8 trading days hence we are recommending that during panic we must be buying into the dip and also accumulate good stocks like IDBI when Nifty is nearing a panic bottom. (When to buy, what to buy, how much to buy etc all details will be given to clients. If you are trading only on the basis of this post then kindly use appropriate risk management systems and then only take positions. Nifty is expected to be in a very complex corrective wave and hence it could be very choppy in the near term)
As per astro cycle 25th Dec 2015 is important as Uranus will go direct and Uranus is one of the most important planets to see longer term time cycles and charts. Also on the same day is Full Moon so that will be amplifying the energy and Uranus direct is a level 1 geocosmic signature having its orbit of influence in primary cycles by 7-8 trading days. Also longer term time cycles are indicating a major bottom soon so after sideways moves and a panic bottom we expect Nifty to begin its journey towards 8800-9000. What Share Market News will trigger the rally ? I do not know to be honest with you. All I know the charts, astro cycles time cycles all are indicating the same thing that Nifty will zoom towards 8800-9000 and over the next 11 months it will be the best investment or trading opportunity and please understand this is a positional view for next 90 days plus it is not a one week view. So trade accordingly.
Nifty support and resistance for tomorrow 22nd Dec 2015 is at 7715 and 7925. As a tactical move we have short sold Nifty Jan 7800 Call 1 Part today and we expect in the near term a decline to be seen in the Indian Stock Markets and Global Stock Markets.
Good Trading To You!