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SGX Nifty 28th Jan 2016
SGX Nifty / Nifty Futures Minor Trend is down / bearish. SGX Nifty / Nifty Futures Major Trend is bullish / up. As per our Indian Stock Market analysis / Nifty Prediction we do not see any major or significant fall but at the same time please keep in mind that we could test the current bottom of 7241 made on 21st Jan 2016 or even breach 7241 during intraday trade for a few hours either ways we must be buying on lower side for upper side bullish targets of 8800-9000 and on all dips / panic or low risk entry points or consolidation and breakouts must be used to buy and hold Indian Equities. We do not see Nifty spot sustaining below 7300 for long hence below 7300 spot Nifty will be a great opportunity to buy and hold Indian Equities. We know most people still can not believe that Nifty will touch 8800-9000 most of our readers are asking us what share market news will take it there? Frankly I do not know the news flow as I do not track news. I always have seen if we are in the direction of the main trend news events will always follow and support your trade. Also we have been time and again saying that Share market news is always a trailing indicator and never in my trading history has every it been a leading indicator so if it is a trailing indicator and we have a much more accurate and proven leading indicators in terms of price, volume, gann wave, elliot wave, time cycles and astro cycle then it is much better to ignore Share market news flow and just follow leading indicators. At 9000 no one was able to understand that Nifty is almost at the top and at 7300-7200 no one will understand that we are at the bottom. The important point is follow proper entry systems and buy at appropriate points with proper risk management systems and trade and create positional trading longs in Nifty Futures and high quality stocks. Regular readers and clients of this website are well aware that we are bullish on Kesoram Industires, Maharashtra Scooters, NMDC, Bajaj Hindustan, EID Parry, Renuka sugar. We see all these stocks outperforming very well in the coming time over the next 90-180 days. Once again we are clearly saying buying around 7500-7400-7300-7200 will be the best trade for this calendar year and all traders / investors must make full use of this dip. As per time cycle either from 2-3rd Feb 2016 or from 11th Feb 2016 we should start bullish cycle. Please avoid short selling at this stage as Nifty Futures / SGX Nifty could begin zooming higher with speed there by trapping short sellers. Extreme caution is advised for short sellers.
Nifty spot support and resistance for tomorrow 28th Jan 2016 is at 7211 and 7550. Nifty spot levels mentioned.
Good Trading To You!