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SGX Nifty 20th Jan 2016
SGX Nifty / Nifty Futures Minor Trend is Neutral. SGX Nifty / Nifty Futures Major Trend is bullish / up. As per our Indian Stock Market analysis / Nifty Prediction buying around current levels and on dips in a staggered manner or at appropriate support areas or at low risk entry points from a positional stand point will make excellent money from short to medium term. Over the next 90-180 days we see SGX Nifty / Nifty Futures moving higher and touching 8800-9000 levels and during this move as most of our regular readers are aware we see sugar stocks outperforming. In a nutshell we do not expect price to sustain on the lower side we see targets of 8800-9000, use all dips and panic to buy and hold high quality stocks with a over weight on sugar sector. As far as SGX Nifty / Nifty Futures is concerned selling puts of Feb and March months will be one of the safest trades (selling puts means being bullish / doing tezi) What put to sell where to sell how much to sell all details have been continuously updated to our clients.
A lot of people (Traders, Investors, HNI’s and some reputed fund mangers have asked me over the past few days how will Nifty Futures come to 8800-9000, what share market news will take it those levels and my answer is frankly that I do not know. While having a detailed discussion with him (one of the fund managers) I just asked him one question at 9000 what was wrong with the share market news and he said nothing, if nothing was wrong and yet the Indian stock markets have fallen almost 20 percent (almost 1800 points) from the top how was that possible? Even at that juncture we had faced the same background conversation that what is this guy talking? Even today when I say 8800-9000 (even though all my old clients know that we have impeccable track record in predicting the next move well in advance, yet there is so much disbelief as to how this will happen) To understand first how this will happen you need to understand that Share Market news is always a trailing indicator and never in the history of the markets has it been a leading indicator. At 9000 none of the problems were visible yet Nifty came to 7350 yesterday and now at 7200-7300-7400 none of the positives are visible to the general crowd yet we are very clear that Nifty will come to 8800-9000 and once again we are predicting that in hind sight most people will admit that the fall below 7500 was indeed a great time to buy high quality names. Also our astro cycle have always shown us the forward path well in advance and using a combination of elliot wave, gann wave, astro cycle and time cycles all of them are just pointing in one direction and that is us. Another parameter we very closely track is sentiment on the street and let me tell you honestly I have not seen such bearish tones for a while now. (These are the same people at 9000 said 12500, at 7950 recently said 8900, These are the same guys who said 7550 will not break and in all previous instances they were Terrill wrong in being bullish and now all of them are going to be terribly wrong on the bear side)
Nifty spot support and resistance for tomorrow is at 7211 and 7521. Use all dips to buy and hold from a positional trading view, this view is not valid for BTST trades / Intraday trades / 1 week trades, kindly keep that in mind.
Good Trading To You!