LTP 8,576.00 -128.00 -1.49% High 8,710.00 Low 8,546.50
SGX Nifty 17th Dec 2015
SGX Nifty Minor Trend Is Neutral. SGX Nifty Major Trend is Up / Bullish. As per our Nifty Prediction / Indian Stock Market analysis we see a possibility of one minor panic towards 7500 possible in the next 2-3 trading days and during that panic we must use dips to create net longs in portfolio and trading positions as we see targets of 8800-9000. Once again we are saying we do not recommend this trade for BTST / Overnight or 1 week we are sharing our positional view here and whatever comes out of the FED tonight we see medium term picture good for Indian Stock Markets and we see Nifty moving towards 8800-9000 as share market news will always trail and smart money will always show us the right direction well in advance. As of now smart money is clearly indicating that Nifty will make a panic bottom shortly and then begin fast up / bullish move towards our targets of 8800-9000. So if you are short this could be your last chance to cover short selling positions and create net long positions at lower levels.
As per time cycle analysis we have time cycle supports going on and there are also level 1 geocosmic signatures present during this time band having orbit of influence till 18th Dec 2015 so even astro time cycle combined is indicating a reversal of shorter term trend and making a panic bottom. Positional Trade vise we once again reiterate that we do not see Nifty sustaining on the lower side and all lower side prices will be a great opportunity to buy as everything that a trader or investor wants will be favoring buying. Risk reward in favor of buying, limited downside favoring buying, 1200 points plus upside favoring buying, but a word of caution buying must only be done on lower side and banking sector must be avoided as we see significant underperformance.
Nifty support and resistance for tomorrow is at 7480 and 7950. Use dips to buy and hold.
Good Trading To You!
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