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SGX Nifty 29th Jan 2016
SGX Nifty / Nifty Futures Minor Trend is down / bearish. SGX Nifty / Nifty Futures Major Trend is bullish / up. As per our Indian Stock Market analysis / Nifty Prediction from a medium term perspective we do not see any significant downside in the Indian Stock markets / Nifty Futures. From a immediate stand point we see a minor breach of 7241 spot Nifty low made on 21st Jan 2016 or a move below 7300 spot Nifty but at the same time we do not see prices sustaining below 7300 spot Nifty and once the final move is done Nifty Futures / SGX Nifty will begin the bullish cycle for 8800-9000 for Indian Stock Markets. As per our astro cycle and time cycles Rahu (North Node) is changing signs shortly and once it does change signs for the first few trading days it could create a panic which will take Nifty below 7300 or may be even get the low of 7241 breached. Rahu (North Node) is a super powerful deceiver. He will force the Nifty to break 7241 low then create panic and force all the general market participants to think that Nifty will collapse towards 6800 but when he becomes sure that the trap has been set he will suddenly change the Nifty Futures direction and use all force to move exactly in the opposite direction. Hence after the initial panic he will suddenly force Nifty to move higher in super fast speed and take Nifty towards 8800-9000 and power of rahu will be seen. Please note that I am not suggesting for one minute that problems in the Indian economy will end. I am not suggesting that at all. In addition to the power of Rahu we will see Jupiter being retrograde (Jupiter stands for expansion, excursiveness) so it will just act as a powerful amplifier and the net result will be a unbelievable bullish cycle move that will end up creating massive froth and hyper valuations for the Indian Stock markets. This move will be very similar to that of 1999 dot com bubble expensive valuations will become more expensive and hyper expensive but till 8800-9000 is not reached it will just keep inflating the move to such an extent that the best of the logical traders and investors will be forced into taking excessive longs around the top area of 8800-9000 ) Since we do have this important tool for analysis hence we must be buying below 7300 to make the most of that bullish move towards 8800-9000. The risk reward ratio is totally in favor of buying not selling.
Nifty support for tomorrow 29th Jan 2016 is at 7211 and resistance is at 7536. Use dips to buy and hold trading and positional longs (buy below 7300 spot Nifty in a staggered manner or at low risk entry points or on consolidation and breakouts)
Good Trading To You!