Nifty Futures 10th Nov 2016

SGX Nifty

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Nifty Futures 10th Nov 2016

Nifty Futures / SGX Nifty had a really volatile day. After opening lower (at one point Nifty Futures was trading almost 400 points plus in the red) Nifty Futures recovered very well along expected lines. We did some buying trades also today and booked profits in them during intraday itself. As we had predicted that target for this wave was 8167 and that was achieved today morning itself.

Now we could see some upward volatility and though longer term we have a target of 5872 which is very much in tact in the near term we see some upside and hence we told our clients to move back from liquid funds to stocks today in the morning.  We added our new multi bagger stock in dips today and also added buying to Ugar sugar so please understand from a near term perspective we see some upsides while from medium term perspective we are negative so no investments for longer term but we will keep trading the sharp pullbacks like the one we have seen today.
Please keep in mind that whenever we see the current pullback ending we will once again go back to short selling the markets and if you are only trading on the basis of this post then please use appropriate risk management and then only trade. Please do not over trade under any circumstances and understand that markets will remain a trade in and out as per our analysis.Markets will not be a moving in either direction in a proper trend for sometime though in the immediate term it could be on the upside.  This is not going to be a buy and hold trade under any circumstances and we will also keep trading in and out.  The pullback could extend in time so please keep that in mind but overall the markets will remain choppy and it will not be easy to buy or sell and make money unless you enter at the exact right points.

Longer term 5872 is a given as per our analysis but in the near term we could see some more upside and we will just be trading that pullback and we know that this pullback will seem like the start of a fresh bull market but in reality this will not be one and eventually it will just force trap most of the retail traders on the long side. Please be very careful and please refer to the mahurat trading update and please relate to what we have said today. We have clearly indicated what the next move is there read both these updates carefully.

Part of our chat transcript is provided below for reference purpose. Please note we may choose to provide them or may not provide them and it is as per our discretion.

[9:01 AM, 11/9/2016] +91 90040 79145: Gm                       

[9:01 AM, 11/9/2016] +91 90040 79145: Shanti karke baitho                       

[9:01 AM, 11/9/2016] +91 90040 79145: Usdinr hold positions as told                       

[9:02 AM, 11/9/2016] +91 90040 79145: This is exit polls results coming if I am not mistaken                       

[9:02 AM, 11/9/2016] +91 90040 79145: So please wait                       

[9:07 AM, 11/9/2016] +91 90040 79145:   buy below 93                        

[9:18 AM, 11/9/2016] +91 90040 79145:   buy                       

[9:18 AM, 11/9/2016] +91 90040 79145:      buy                       

[9:18 AM, 11/9/2016] +91 90040 79145: Exit poll results                        

[9:26 AM, 11/9/2016] +91 90040 79145: Msl hold                       

[9:26 AM, 11/9/2016] +91 90040 79145: Ugar sugar buy below 38                       

[9:27 AM, 11/9/2016] +91 90040 79145: Renuka sugar hold                       

[9:27 AM, 11/9/2016] +91 90040 79145: Will keep updating                       

[9:53 AM, 11/9/2016] +91 90040 79145: Crude oil hold remaining qty                       

[10:11 AM, 11/9/2016] +91 90040 79145: Nifty Buy In 4 Parts Buy 1st Part @ CMP                        

[10:11 AM, 11/9/2016] +91 90040 79145: confirmation Nifty Nov Fut bought 1st part @ cmp                       

[10:11 AM, 11/9/2016] +91 90040 79145:      buy below 93                       

[10:13 AM, 11/9/2016] +91 90040 79145: please note it will be very volatile                       

[10:13 AM, 11/9/2016] +91 90040 79145: so keep margins in place and trade accordingly                       

[10:15 AM, 11/9/2016] +91 90040 79145: Nifty Spot Buy 2nd Part @ 8178 Spot Nifty Level (Prefeed)                       

[10:31 AM, 11/9/2016] +91 90040 79145: Nifty Buy Part 2 @ CMP                       

[10:31 AM, 11/9/2016] +91 90040 79145: confirmation Nifty 2nd part bought @ CMP                       

[10:31 AM, 11/9/2016] +91 90040 79145: remove pending order of 8178                       

[10:32 AM, 11/9/2016] +91 90040 79145: Those who had moved to liquid fund can move back to stocks for the time being                       

[10:33 AM, 11/9/2016] +91 90040 79145: start deployment of cash                       

[10:34 AM, 11/9/2016] +91 90040 79145:      buy on dips                       

[10:34 AM, 11/9/2016] +91 90040 79145: Ugar sugar buy                       

[10:35 AM, 11/9/2016] +91 90040 79145: NMDC can buy np                        

[10:35 AM, 11/9/2016] +91 90040 79145: USDINR book 1 Part @ cmp                       

[10:36 AM, 11/9/2016] +91 90040 79145: confirmation usdinr 1 part booked                       

[10:55 AM, 11/9/2016] +91 90040 79145: Crude oil buy 50 percent rem qty of part 1                       

[10:59 AM, 11/9/2016] +91 90040 79145: Silver book profits in 1 part longs                       

[10:59 AM, 11/9/2016] +91 90040 79145: Confirmation silver booked                       

[11:11 AM, 11/9/2016] +91 90040 79145: Hold positions as told                       

[11:11 AM, 11/9/2016] +91 90040 79145: Crude oil hold 1 part long                       

[11:43 AM, 11/9/2016] +91 90040 79145: Hold positions as told                       

[11:59 AM, 11/9/2016] +91 90040 79145:      buy                       

[12:03 PM, 11/9/2016] +91 90040 79145: Crude oil hold 1 part long as told                       

[12:03 PM, 11/9/2016] +91 90040 79145: Hold positions as told                       

[12:57 PM, 11/9/2016] +91 90040 79145: Nifty Book 1 Part Longs                       

[12:58 PM, 11/9/2016] +91 90040 79145: confirmation Nifty 1 Part booked at cmp                       

[12:58 PM, 11/9/2016] +91 90040 79145: Nifty Nov Fut Hold 1 Part as told                       

[1:00 PM, 11/9/2016] +91 90040 79145: if anything else to be done will update                       

[1:01 PM, 11/9/2016] +91 90040 79145: keep space to buy 3 more parts on dips                       

[1:02 PM, 11/9/2016] +91 90040 79145: will update when and where buying should be done                       

[1:02 PM, 11/9/2016] +91 90040 79145: as of now just wait on sidelines and hold 1 part                       

[1:02 PM, 11/9/2016] +91 90040 79145: as told                       

[1:12 PM, 11/9/2016] +91 90040 79145: Nifty book profit in rem 1 part at cmp                       

[1:12 PM, 11/9/2016] +91 90040 79145: confirmation nifty profit booked in 1 part                        

[1:12 PM, 11/9/2016] +91 90040 79145: no open positions in nifty                       

[1:12 PM, 11/9/2016] +91 90040 79145: confirmation no open positions in nifty                       

[1:12 PM, 11/9/2016] +91 90040 79145: confirmation no open positions in nifty                       

[1:12 PM, 11/9/2016] +91 90040 79145: confirmation no open positions in nifty                       

[1:13 PM, 11/9/2016] +91 90040 79145: confirmation no open positions in nifty                        

[1:13 PM, 11/9/2016] +91 90040 79145: confirmation no open positions in nifty                       

[1:14 PM, 11/9/2016] +91 90040 79145: Crude Oil book profits in longs                       

[1:14 PM, 11/9/2016] +91 90040 79145: confirmation crude oil booked                       

[1:14 PM, 11/9/2016] +91 90040 79145: confirmation no open positions in crude                       

[1:24 PM, 11/9/2016] +91 90040 79145: MSL Hold                       

[1:24 PM, 11/9/2016] +91 90040 79145: Ugar Sugar Hold                       

[1:24 PM, 11/9/2016] +91 90040 79145: Renuka Hold                       

Good Trading To You!

36 thoughts on “Nifty Futures 10th Nov 2016

  1. Sir, as you are now advising to move to stock markets, I guess you are expecting substantial upside. Do you see Nifty creating new high in the rally you are expecting?

    Regards
    Anpat2015

  2. Hi Glen, how much return are you expecting in your new multibagger and also how much time for the same ? It will be helpful for people like me contemplating subscription to your services.

  3. Sirji, a very warm and heartful of wishes. Sir, today I booked all my shorts of 5 lots of tvs motor of 385 average @ 367. Phew! It had once touched days back @ 420. And all sensible (?) Analyst were shouting 460. If it weren’t for them I would have shorted more at 420~. I was sure it will visit the Fibonacci number of 368 once again before climbing up. Now will short above 432. Barabar he?😃 . also covered Dr reddy short and did 25 saudas on idea and few more on marico, tataelxsi, McLeod, and am holding 4 idea, 2 tataelexsi, 2sail, 1 tatapower cipla McLeod voltas as btst. Sirji, as per my charts tata elexsi idea and mindtree are highly oversold. Tomorrow if I get chance I will buy nifty @ 8370 8380 or if up me khule to short @ 8540 8550.
    Sirji, I wish you all the best in your trades and wish you happy days ahead. The future belongs to us. The Almighty always helps sincere and pure hearted people like you and, in the midst of plenty of brick throwing, you have steered your Arc to safety. Kudos, sirji.

  4. Dear Glen Sir,

    Thank you very much for our timely guidance. You have been of great help every time! Take care & God Bless.

    – Anthony.

  5. Hi sir,
    Was lucky yesterday to buy small quantity Shree Renuka at the lowest price of 11.9 and also bought ugar at 36. Expecting shree Renuka to fire around these quarterly results, it has tested patience heavily. Expecting it close to triple digits in coming time.

    Regards
    Anpat2015

  6. @ Anpat, triple digit for Renuka kuchh jyada higher target nahi ho gaya. What is your timeline? Market medium term target also downside only as per Glen sir. I am also holding this stock since longer bought near 15. I got bored of this stock movement actually.

    1. Hi Manish,
      The stock is chosen by mallav Sir and his stock pickings are after very thorough analysis. Now even though it has tested patience heavily we should understand it’s a turn around story. You can see Spicejet which was had similar movement in 2015. It was struggling between 18-22 levels for around 6 months but when turnaround was confirmed post 2 stellar results, it went from 18-96 in 4-6 months. Shree renuka’s previous results are showing turn around and should get priced by the market, it’s just a matter of time. Sir, kindly correct me if I am wrong.

      Regards
      Anpat2015

  7. @ Anpat, triple digit for Renuka kuchh jyada higher target nahi ho gaya. What is your timeline? Market medium term target also downside only as per Glen sir. I am also holding this stock since longer bought near 15. I got bored of this stock movement actually. It has become mostly a trading stock, buy below 15 and sell near 18.

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