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SGX Nifty Live
SGX Nifty 26th Feb 2016
SGX Nifty / Nifty Futures today also was in the red and was seen grossly under performing the global markets for 3rd day in a row. Most of the Global Stock Markets have bounced back well from the lows made around 11-12th Feb 2016 and in fact most of them are on the verge of a breakout soon but our Indian Stock Markets are still in a tight trading zone which is very typical of the triangle formation that is currently going on. Kindly read the share market tips update so that you are updated of the wave counts that we are expecting to take place in Nifty Futures. As per our Indian Stock Market tips / analysis / Nifty Prediction we maintain our view that the bottom is in place and we see a triangle formation currently under way which means that we could be range bound between 6930-7150 for the next 2 trading days till around 11.15Am on Monday 29th Feb 2016 and then start the bullish cycle that we are expecting towards 8800-9000 spot Nifty that we have been anticipating from sometime now. It is also possible that if the current move is a impulse wave (we dont see that it is but for the sake of calculation if we do consider the wave as impulse then we could just have a minor breach of 6900 and then we will start the bullish cycle directly from cmp) we do not feel that scenario is likely considering the internals of the wave but still that possibility can not be ruled out.
The sentiment indicators are showing extreme bear positions and that put together with the wave counts suggest that post budget Nifty could take off and move higher with speed towards our targets of 8800-9000. (we know that most people will not believe what we are predicting today as most minds are aligned to the thought that markets move on news flow, we have proven with our wave counts which include both Gann and Elliot wave counts and astro cycle / time cycle that “Future is nothing but a repetition of the past and there is nothing new under the sun” and news flow will just support us in the move and the cause of the move is already in place well in advance.
SGX Nifty / Nifty Futures Minor Trend is oversold. SGX Nifty / Nifty Futures Main Trend is bullish / up. Use all dips and cmp to buy and hold high quality stocks for higher side targets. For detailed understanding of where we stand kindly read the share market tips update where we have given much more detailed analysis of moves and wave counts that we feel are likely. Buy MSL, Kesoram, Bajaj Hind, EID Parry, Renuka sugar, NMDC, Tata Coffee and hold as we feel these stocks will do very well in the coming time. We broadly see agricultural commodities to out perform the broader Global indices.
Good Trading To You!