SGX Nifty 9th Dec 2015
SGX Nifty Minor Trend Is Neutral and nearing oversold area / territory. SGX Nifty Major Trend is bullish / up. As per our stock market analysis / Nifty Prediction we reiterate buy on dips strategy (when to buy where to buy how much to buy all details have been communicated to our clients, if you are taking positions only on the basis of this post kindly use appropriate risk management / appropriate stop loss points and trade accordingly) As per our Nifty Prediction we do not see Nifty sustaining below 7700 for long and we will be buying on dips at low risk entry points or support areas.
I have been time and again stressing the point that forecasting is one part of trading but the reality is forecasting does not make money, effective trading techniques make money. Prudent risk management systems make money. Trades in the right direction of the main trend make money. The problem is there are many people who come regularly on our website read our post and then start taking positions based on our view (I personally cant understand when they are willing to bet on our view why not subscribe and make tension free money, these guys are willing to lose money in the stock market but they are unwilling to subscribe and earn money cant understand the logic) anyways all of our clients know very well that we have a impeccable track record in predicting Nifty Futures / Indian Stock Markets but having said that it is important to manage risk in every trade. All of our readers also know that time and again we have proven our accuracy and mentioned turning points well in advance. This time too we are predicting Nifty will not sustain below 7700 and the risk reward ratio is in favor of buying on dips towards important support areas and not the other way round and by me saying Nifty will not sustain below 7700 I am not suggesting for a minute that we cant see a panic below 7700. The point I am communicating must be clearly understood. Below 7700 if you buy with a view of next 90/180 days you will end up making superb money as our overall targets for final tezi cycle is 8800-9000. (and I know today these targets are not digestible, but I must communicate what we see freely and I honestly do not know what share market news will trigger the massive bullish move. Will it be FED? Will it be GST? Will it be fresh liquidity measures by Eu Zone?
We maintain over the next 12 months we will see 9000 and 7200 both prices will be seen so the strategy to make money will be to trade in and out. Buy and hold / value creation etc all this will not make monger term money for the next 12-15 months. So if you end up buying based on our post please be very clear to book and manage risk.
Nifty support and resistance for tomorrow 9th Dec 2015 is at 7602 and 7856. Buy the dips at appropriate points and levels.
Good Trading To You!