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SGX Nifty Live
SGX Nifty 2nd March 2015
SGX Nifty / Nifty Futures today just once again confirmed our overall chart structure that we have been advising and recommending. Our clients and regular readers of this website will recall that in early part of Feb 2016 we had clearly said until and unless Janta starts talking about 10500 this bullish cycle will not end and we stand by that prediction. On the bullish side we see targets of 8800-9000, as said before this target is till Aug 2016 and please do not expect this target to come tomorrow morning. We had also mentioned that on Sunday 28th Feb 2016 as per our historical cycle correlation we had a very important geocosmic signature that was a level 1 signature and that has once again proved to be spot on ( sun conjunct Neptune has one of the highest correlations to primary cycle reversals). Nifty did reverse after the panic yesterday in style and also was helped by moon in Sagittarius (which is ruled by Jupiter and Sagittarius represents expansion, exaggeration and that is what we are seeing on the screen today. There are much larger astro cycles in place for this rally to continue with speed and besides astro indicators there are also enough Elliot wave rules which clearly shows us that down cycle has now ended and a tezi / bullish cycle has started, Gann wave rules also clearly show that a massive bullish cycle will come and continue now for sometime). We once again reiterate our view clearly longer term we do not see any major changes in the corporate earnings picture but in the near term the sentiment and extreme bearishness has to be bought into. We have time and again mentioned that if everyone in the stock market is short and everyone was expecting 6500 and then 6300, in addition to massive short built up it was also very clear as per terminal wave formation on the Gann wave so all of these studies combined very clearly told us that fast bullish move is on the cards and that is what we were communicating. We once again reiterate that this bullish move will stun most of the Indian Stock Market participants we stand by our view for the same also.
Use the dips, consolidation and low risk entry points to buy and hold trading and positional trading long positions for higher side targets. Next week we are in for some good cosmic activity in the heavens above us so do expect a good move or may be even a crazy move on the upside. We will provide more details after we get confirmation of the pattern. Yesterday we had mentioned that Cairn India, Bank of Baroda and IDBI look good on the charts as per our calculations and we will see good returns in them in the short term. From a longer term perspective we see massive value in MSL, Kesoram, Bajaj Hind, Renuka, EID Parry, NMDC (could spike up in the near term as international iron ore prices have started moving higher)
Nifty spot support and resistance for tomorrow 7080 and 7322. SGX Nifty / Nifty Futures Minor Trend is up / bullish. SGX Nifty / Nifty Futures Major Trend is also bullish / up.
Good Trading To You!