SGX Nifty / Nifty Futures 11th Dec 2015
SGX Nifty Minor Trend is Neutral / Oversold. SGX Nifty Major Trend is bullish / up. As per our stock market analysis we do not see any significant downside in Nifty Futures / Sgx Nifty and we reiterate to use all dips to buy and hold. We are not discussing or sharing our view for tomorrow or next week but overall the next 90/180 days most traders and investors will understand then what we are predicting today. We feel that one round of panic is still possible not likely and hence please trade using proper risk management systems. If you are trading only on the basis of this post then kindly use proper risk management systems and take trades accordingly only.
I have time and again said forecasting is just one part of trading and there are other factors which are equally perhaps even more important than the forecasting aspect and that is risk management, risk reward ratio, trading in the direction of the main trend to name a few. There are many other smaller points also which need to be taken into consideration before entering a trade and also it is always good to begin entry when astro cycle is starting to turn. There are some people who are reading my post / view on a daily basis and then building positions based on that which is perfectly ok. I am providing free information here and guiding free here but my guidance here is limited to overall view. Looking at the situation on a day to day basis we may book profits at some time or exit and reenter lower or use any strategy we deem fit at that point in time. I am sure you will appreciate that Indian Stock Market / Nifty Futures are dynamic and we need to keep reviewing our positions from time to time on a regular basis. Hence even if you are not our paid customer still kindly refer the links given below. In order to maintain highest standards of transparency we put out daily chat transcripts / call long with respective time stamp daily on our website. You may please see how we have been taking and managing positions and all this within a bullish view. By being bullish does not mean buy anywhere, anyhow anything and hold. No I am not suggesting that sort of a trade at all.
Kindly refer the link http://www.mallavv.com/category/share-market-tips
to see all past updates also. We have been as transparent as possible. So once again please understand I am bullish and dips need to be bought but if we see that during intraday trade we could see a dip then we may choose to exit once and rennter lower in order to manage risk as well as maximize returns.
Nifty support and resistance for tomorrow 11th Dec 2015 is at 7599 and 7921. Buy dips below 7700 from a positional stand point for targets of 8800-9000.
Good Trading To You!