SGX Nifty 6th Jan 2016
SGX Nifty / Nifty Futures opened marginally higher today but could not sustain higher and immediately resumed the fall. SGX Nifty Minor Trend is down / Bearish. SGX Nifty / Nifty Futures Major Trend is bullish / up. Today Mercury goes retrograde so from now on till mercury goes direct on 25th Jan 2016 expect sharp sudden trend changes and counter trend moves every 1-4 trading days since such moves will come out of nowhere hence it will be prudent to keep booking profits at regular intervals and keep reentering the same trades on pullbacks or bounce backs. As per our Indian Stock Market analysis / Nifty Prediction we expect Nifty spot to touch 7500 in panic or it is even possible for 7500 to be breached during intraday trade or may be even for a few trading days but we do not see price sustaining below 7500 for long. So one possible way of trading could be to sell on rise towards resistances or low risk entry points or on consolidation and breakdown points and then keep booking profits on lower side till we do not breach 7650 this can be comfortably done as and when 7650 is breached then change the direction and inverse the strategy means once 7650 is breached use dips to buy both positional and intraday or BTST (Buy today sell tomorrow) trades and then keep booking higher till mercury does not go direct on 25th Jan 2016.
Another important, rather very important astrological event that is coming up on 7th Jan 2016 is Jupiter Retrograde as per our historical studies this is a very powerful trend change geocosmic signature having a orbit of influence of 7-8 trading days so in a nut shell it could very well be possible for a bottom to be formed around next week (price wise could be around 7500) hence it is important to be very vigilant and alert and keep booking profits at regular intervals as we do not see Nifty price sustaining below or around 7500 for longer duration and then we see the best rally for 2016 starting which will take SGX Nifty / Nifty Futures towards target 8800-9000 levels. What Share Market news will take it there frankly I have no idea and I am not even interested to know but 8800-9000 will come for sure and positional buying around 7500 will be rewarded by the Indian Stock Markets very handsomely. So keep margins ready to buy around 7500 (How to buy, what to buy, how much to buy, when to buy etc all details will be updated live to our clients, if you are trading only on the basis of this post then please use proper position sizing and appropriate risk management procedures while trading). Along with Jupiter retrograde is another level 1 geocosmic signature having a historical correlation of over 89 percent for primary cycles and that is Sun square Uranus. This geocosmic signature too has an orbit of influence of 7-8 trading days and this is also suggesting a bottom formation around next week is possible.
Even if we look at various time cycles most of them are indicating a bottom formation around 7500 in the next 10-14 trading days and that will complete Gann’s one of the easiest rules “Just watch The High and Low Price made in January. Until these high Price are crossed or low price broken, Consider Trend Up or Down For next 7 month or 1year” A important note do not jump and buy in a hurry till the time panic does not set in around 7500 we do not see bullish cycle starting so be patient and let prices come to you. Keep your shopping list ready to buy around 7500. Buy sugar stocks like Renuka Sugar, Bajaj Hindustan, Eid Parry as these stocks will zoom and we see them outperforming the broader Indian Stock markets by a huge margin.
Nifty resistance and support for tomorrow 6th Jan 2016 is at 7869 and 7710 Nifty 50 spot levels mentioned. Keep trading in and out if opportunity arises and kindly avoid compulsive trading for now. Keep in mind no one has ever made good money in a overall sideways market rather most people have lost money consistently in such adverse trading scenarios so trade light and better wait for panic to set in.
Good Trading To You!