SGX Nifty Futures
LTP 10,940.00 +26.00 +0.24% High 11,041.50 Low 11,001.00 (Change Vs Today’s Nifty Futures (NSE) Closing)
Nifty Futures 19th Jan 2017
SGX Nifty / Nifty Futures continued its sideways movement around the 8400 area. In the first half of today, Nifty was showing good strength but later on did not hold on to the gains. As we have said in our previous update that there are very important Astro cycle changes taking place in this week. Sun changed house and Mars is about to change house as per Vedic astrology and as per western astrology system also Mars will square Saturn tomorrow. In our historical back testing, these changes have lead to important trend changes in the Indian Stock market and also in the Global risk on assets so it will be very important to watch the market behavior over the next few trading days. 20th Jan 2017 Donald Trump will take over that too will be an important event and what he says during or around that time will also be important for most emerging markets. So do not get euphoric on the long side and do not get too pessimistic also in the immediate term and also keep in mind that longer term the targets are 5872. As per time cycles also there are important days coming up in this week and with so much activity it will be a prudent strategy to adopt a light trading mode than trying to trade with heavy volumes. We know that many traders who were short around the 7900-8150 area have been forced to close their short selling positions and we also know many traders who were not bullish at 7900-8000 now becoming bullish on the markets but we are once again saying that do not get too optimistic nor too pessimistic in the immediate term as volumes are low and there are lot of news events in the coming days.
Sugar stocks will continue to do very well and we have identified our next multi-bagger money making idea. No, it is not a stock this time but a commodity and we will be buying that on dips but still, some more time is remaining for those commodities to enter our accumulating area. We will update our PAS clients about that when the time is right to start buying but it won’t take much time to reach the accumulation zone.
Silver will outperform Gold this year as per our analysis and we will be accumulating silver also on dips but still some more time is pending to buy silver also. As usual, if you are only trading on the basis of this post then please use appropriate risk management and then only trade. Please manage your own risk at all times and never over trade.
Good Trading To You!