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SGX Nifty 15th Jan 2016
SGX Nifty / Nifty Futures opened lower today on weak global cues and then again bounced back from lower levels rather from below 7500. We have been repeatedly saying we do not see price sustaining below 7500 spot Nifty for long but another panic bottom cannot be ruled out and we could still breach the current bottom formed around 7425 spot Nifty and still go to 7300 or may be even a bit lower than 7300. Does that mean we should wait for 7300 ? No as per Indian Stock Market analysis we should keep adding and buying positional trading longs below 7500 and keep trading till 25th Jan 2016 and pushing our buying cost lower as we see an amazing time that will start in the next few trading days and take SGX Nifty / Nifty Futures towards 8800-9000 (What Share Market news will take it there I frankly do not know and I am not interested to know as Share market news is a trailing indicator not a leading indicator, price is always a leading indicator and price is telling us that once panic bottom is done we will move higher towards 8800-9000. Once again we are clearly saying that 8800-9000 trade is a positional one and not for next week or expiry. If you want to make good money in this market and especially under the current circumstances then please take a little longer horizon and trade as we see short term volatility to continue thanks to mercury retrograde and mercury retrograde is nearing the midpoint of the retrograde period it started in the first week of Jan 2016. As this Mercury retrograde started at 1 degree Aquarius (which is an air sign) hence we have been guiding that directions will keep changing very fast and swiftly hence trading in and out and buying into panic will be the best strategy as per our analysis.
Tomorrow sun will be changing as per vedic astrology and move to Capricorn. Now that could add to minor volatility for the next few trading days but once again we are advising / recommending only one thing and that is buy on dips as we do not see prices sustaining below 7500 spot Nifty for long and we are not seeing 6800-6300 what most other people are talking about. (At 7950 these were the very same guys / analyst who told Nifty will come to 8500 and then now at 7500 they are the same people who are saying 6800 will come. I mean what the hell these guys are talking yarr? Please use common sense)
SGX Nifty / Nifty Futures Minor Trend is neutral. SGX Nifty / Nifty Futures Major Trend is up / bullish. Use all dips / low risk entry points / appropriate support zones to enter positional trading longs and accumulate Kesoram Industries, Renuka Sugar, Bajaj Hindustan, EID Parry, MSL, NMDC on all dips / panic and consolidation days. As per our analysis we expect all these stocks to outperform the benchmark indices and sugar will be the star performer of 2016 and also possibly 2017, we will see amazing returns in sugar stocks in the next 23 months by June 2017-Dec 2017. Nifty support and resistance for tomorrow 15th Jan 2016 is at 7398 and 7621
Good Trading To You!
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