SGX Nifty 28th March 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 28th March 2016

Nifty continued consolidating in a small range in line with our expectations. As regular readers and clients of this website are aware we have got out of all our trading long positions and at this juncture we do not have any long trading positions and we will look to build fresh positions on Monday 28th March 2016. Rahu (North Node) has played its role in being a master deception artist. First he forced people into longs with stop loss of 7200 then broke that level around 2nd week of Feb and forced people into shorts and then kept them in a illusion that 7600-7620 will not cross so people were selling non stop from 7150 and were forced out at 7620 and now everyone is talking about 8000-8100 which means he has now forced everyone back to long positions which means that there is significant  danger to the current bullish move in the near term and hence we could see a minor correction of the entire move from 6825-7750. In addition to this there are very important and in fact critical astro indicators which in our historical back testing have shown significant power to change primary cycle trend so we have 3 major astro signature which individually itself have over 79 percent of the times changed the trend now we have three of them lined up between today and 28th March 2016 hence since the current move and trend is up there is a high probability that minor trend could turn lower from here or may be a bit higher so holding on to longs at this juncture is not advisable.  Our advice has been to book out of longs and wait for the Nifty to show signs of reversal (now we will understand during the turn that it is a major or a minor pullback and hence at that point in time we will see what to do)

 SGX Nifty / Nifty Futures Minor Trend is up / bullish. SGX Nifty / Nifty Futures Major Trend is also bullish. As per our Indian Stock Market tips / Nifty Prediction we do not see any significant upside for now and it is possible that a correction the current wave from 6825 onwards could happen so we are in wait and watch mode for now if we do get confirmation signals then we could sell from a tactical stand point and trade the down move or we may just choose to wait for the dip to reenter long positions both the situations are equally possible hence we will have to turn to Elliot wave to guide us and show us the move forward which unfortunately at this juncture is not showing us any clear signs as even that is showing both side moves are possible. All details will be given to our clients during live Indian stock market hours.

Good Trading To You!