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SGX Nifty 4th Feb 2016
SGX Nifty / Nifty Futures today opened lower along expected lines. Traders / clients and regular readers of this website are well aware that in spite of everyone taking bullish on Friday 29th Jan 2016 we were very clear that the current move is corrective in nature and we were very clearly guiding that Nifty will once again move lower from the higher side and move below 7300 spot Nifty. Today Nifty made a low of 7350 spot Nifty and now onwards all dips can be used to buy positional trading longs for targets of 8800-9000. Although some more dip is possible by 200 odd points in intraday day but as per our Indian Stock market analysis / Nifty Prediction we do not see Nifty sustaining for long below 7300 spot level and we see that after the panic low below 7300 spot Nifty we will begin a powerful bullish cycle that will take Nifty towards 8800-9000 levels. It must be understood that we are not calling the bottom as of yet but buying in a staggered manner or at low risk entry points or on consolidation and breakout points around or lower than 7300 spot Nifty will make tremendous money from a positional trading stand point as on the downside there is hardly anything 200 odd points while on the upside we have almost 1800 points to earn. So going by one of the basic principles of trading risk to reward ratio it is 2:18 and is extremely favorable for bullish trades. Please understand our communication very carefully we are bullish from a positional trading point of view and those traders and investors who buy around 7300 and hold will make excellent money over the next 180 days. does that mean Nifty will not test 7100? Well it sure could in all probability but since we do not see lower side suntanning buying on lower side will be a great trade. So please keep that in mind while trading or creating positional trading long positions. Many people are worried of how Nifty will go towards 8800-9000 and answer is frankly I do not know myself how. The bottom line is charts, time cycles and further all advanced studies are clearly showing us that the downside is about to end shortly and when we look in hind sight at 9000 levels there was exactly the opposite sentiment present so please do not listen to people who change their view every 2- 3 days. On Friday they said 7800 now tomorrow they will say 6800 again. The reality is that these people do not know what the hell is going on in the Indian stock markets or in the global stock markets so once again I request you please do not listen to these people. I can assure you that when we start buying the brokers will tell our clients “Pagal ho gaya hai kya?” just remember these words when they say this means we are almost at the bottom as Rahu (North node) would have perfectly trapped these traders.
SGX Nifty / Nifty Futures Minor Trend is down / bearish. SGX Nifty / Nifty Futures Major Trend is bullish / up. Nifty spot support and resistance for tomorrow 4th feb 2016 is at 7211 and 7488. Use all dips and panic below or around 7300 spot Nifty to buy and hold positional trading longs. Buy high quality stocks. Buy Indian Equities. NRI’s please start moving money from abroad to india above 68 as we see INR heading towards 63.50-63 better still buy Kesoram Industries, Bajaj Hindustan, Renuka sugar, EID Parry, MSL, NMDC and hold or you may even buy front line stocks (baring banks, avoid both private sector banking and public sector banking stocks) Buy Indian Equities for targets of 8800-9000 over the next few months.
Good Trading To You!