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SGX Nifty 27th Jan 2016
SGX Nifty / Nifty Futures Minor Trend is down / bearish. SGX Nifty / Nifty Futures Major Trend is up / bullish. As per our Indian Stock Market analysis / Nifty Prediction we see Nifty could once again go towards the lows made on 21st Jan 2016 and then begin the bullish rally towards 8800-9000 over the next 90-180 days. We have communicated to our clients that we will be buying again on dips below 7300 spot Nifty or on final trend reversal confirmation so as things stand right now we are in no trade zone and we must be patient enough and wait for Nifty to either drop below 7300 or move above and give us final trend reversal confirmation. Traders / Investors who are not our clients and are only trading on the basis of this post please use appropriate risk management systems and then only trade. (When to buy, what to buy, how much to buy all details will be given to our clients live during trading hours). We highly recommend to buy high quality stocks on dips and hold. We like Kesoram Industries, Maharashtra Scooters Ltd, NMDC, Renuka Sugar, Bajaj Hindustan Ltd, EID Parry. Use all dips to accumulate these stocks, especially sugar sector stocks as we will see these stocks move up min 4-5 times in the next 23 months from now. Sugar sector stocks are providing amazing buying opportunity right now.
As we have said that astro cycles are indicating a reduction in volatility going forward over the next few days and then post 2-3rd Feb 2016 we will begin a bullish cycle that will take us towards 8800-9000. Please do not short sell Indian Stock market. Minor variations are still possible and please understand that we could still break the low of 7241 spot Nifty and go a bit lower during intraday trade but we do not see price sustaining below 7300 spot Nifty and we see Nifty bouncing back sharply from below 7300 with sharp speed hence it is advised that use the final dip to buy and hold. It will be absolutely irrelevant if you bought at 7300, 7250 or little bit lower from 7250 as prices will not last on the downside so of you get lower prices we must buy and hold in a staggered manner or on low risk entry points or on consolidation and breakout. Those who build portfolio now around 7300-7200 will be handsomely rewarded and I do know that most people in the Indian Stock market can not believe that Nifty futures will touch 8800-9000 in 2016, most of them are so bearish (exactly opposite in sentiment as that of 9000, everyone then were talking about 12500 and now everyone is talking about 6800)
Nifty spot support and resistance for tomorrow 27th Jan 2016 is at 7211 and 7528. Use dips to buy and hold Nifty Futures or even safer trade will be selling March puts.
Good Trading To you!