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)
Error parsing: Query returned empty response
Nifty Futures 26th Dec 2016
Nifty Futures / SGX Nifty has been moving lower since the past few days. After making a short term high of 8275 Nifty is now back to the lows around 8000 levels. As per our analysis, we once again reiterate our view that longer term we remain very bearish and we hold our view that eventually, Nifty will come to 5872 but in the near term, we do not see that selling around current prices will make much or any money or for that matter even if you are a portfolio investor we do not see that these are the prices one should be getting out, as per our analysis, we are very clear that we will see much better prices to exit portfolio in the near term. We know that many people are now extremely bearish on the markets but we do not see that prices will sustain on the lower side in the near term and we see a near-term up move and this up move which is about to start could begin in a few days time.
From an Astro cycle analysis, there are very important astrological signatures coming up in this week and we have historically seen very powerful moves taking place around these Astro signatures. Saturday 24th Dec 2016 Saturn trine Uranus, on 25th Venus Trines Jupiter, on 26th Jupiter Opposition Uranus and then Sun conjuncts Mercury and later Uranus goes direct. The important point is this that three signatures out of these have a very high correlation to major down cycles ending in the Indian Stock market at least for the short term though there is one Astro signature that creates a bit of a lasting bottom but when all the three are in al very narrow time band we have seen based on our historical back testing that some good moves have taken place. These signatures have an orbit of around 12 trading days so within 12 trading days do expect some massive upside but only in the near term not for the longer term, longer term targets of 5872 remain absolutely intact. If you refer my Diwali 2016 post this is what I was referring to trade in and trade out opportunity in between the year. So if you buy now please book out wherever you feel is right I am very clear that in the near term we do not see much downside. If you are only trading on the basis of this post please use appropriate risk management and then only trade. Please do not over trade under any circumstances.
This is what we have mentioned in our Mahurat Trading 2016 Update
“The answer is trading in and out for the time being and only for the time being because after that trade in and out in a few months it will be just a sell and hold because we will start seeing mayhem that has not been seen in years if not decades (why will it happen I do not know, how it will happen I will not describe everything in detail here or anywhere else but just keep in mind that this is what I see, tomorrow it must not happen that as my client or as a regular reader of this website you say you just did not know, by reading this you very well know.)”
“I do not suggest buying any stocks for long term at current prices though we may enter in some panic and exit again but that will be trading not investments.”
Good Trading To You!