SGX Nifty 22nd Feb 2016

SGX Nifty

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SGX Nifty Live

LTP  8,576.00   -128.00   -1.49% High 8,710.00 Low 8,546.50

SGX Nifty 22nd Feb 2016

SGX Nifty / Nifty Futures today was seen consolidating in a narrow range and towards the end of trade we did see Nifty moving towards 7226.  Overall this week did bring some much needed cheer to the bulls.  SGX Nifty / Nifty Futures Minor Trend is neutral. SGX Nifty / Nifty Futures Major Trend is bullish / up.  As per our Indian Stock Market analysis / tips / Nifty Prediction we do not see any significant down side from here and we once again are mentioning that as per our analysis we see this is the best time to buy Indian Equities in this year for a trading pullback towards 8800-9000. We could also see one of the most powerful “Bina kaaran Tezi” for this calendar year which we see will begin anytime now. We are not in the camp which believes that Nifty will come towards 6500 now, sure we will see 6500 and even 5851 but not now. As of now there will be a massive bullish cycle which has to as per rule suck every bearish guy into massive tezi. As the street is in a total consensus that we will see 6500 now and then 6300 similarly the street and entire analyst fraternity will talk to 10500 at that point in time but please remember Rahu (North Node) who will power this move will only end up creating hyper valuations and froth. We once again are repeating that longer term we will still fall so please understand this is only a trade in and out move not a buy for 10 years and sit. This is not the time to “Buy right and sit tight” it is just the time to “Buy right and then book higher and then wait again to buy right”.

Tomorrow the Sun changes house as per western astrology and we could see minor volatility over the next 2-3 trading days but remember any dip and we must be buying on the lower side as we do not see this consolidation lasting for long and we see prices heading higher in sharp manner.  Use any dip to buy high quality stocks like MSL, Kesoram, Bajaj Hind, Renuka, EID Parry, NMDC. We see good returns in these stocks.

Nifty spot support and resistance for tomorrow is 7060 and 7355 Nifty spot levels mentioned.

Good Trading To You!