SGX Nifty Futures
LTP
9,871.00
+16.00
+0.16%
High
9,878.00
Low
9,858.50
(Change Vs Today’s Nifty Futures (NSE) Closing)
SGX Nifty
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Nifty Futures / SGX Nifty Trend Remains Down
Nifty Futures / SGX Nifty continued to slide down in a slow manner.
Overall the current scenario is that liquidity from the global central banks are going to be supportive for the market in the immediate term and valuations will act as a head wind so those that will not allow a fast fall in the immediate term and whenever slightest of value emerges in the market that will be bought into but that buying as per our analysis will not make any money in the medium to longer term and we say this because in our historical analysis of various wealth creation models we have seen that all investors who have made wealth have always bought cheap and bought a company with a good management and almost all of them have bought companies where earnings growth was visible. As of today we do not see many opportunities like that in the market so we do not recommend buying into any dips from a investment perspective. Trading in and out is a different ball game all together.
Yesterday FED did not hike rates but has guided for a Dec rate hike of 0.25 Bps and we do not see that markets will be waiting for long to adjust for that. As we have said yesterday that regardless of the event markets are going to sell off and a risk off trade will begin globally and locally. Low earnings growth, High valuations and extreme bullish sentiment these are the ingredients for a global sharp risk off but in the near term do expect choppy moves in Nifty Futures / SGX Nifty.
Good Trading To You!
Sir,
Your analysis bang on target. Today Nifty closed below 8530 convincingly and clearly looking weak now. You mentioned 8167 as immediate target, so does that mean we see 8167 levels before any major pullback of say 100-150 points on Nifty?
Regards
Anpat2015
Please read update all details mentioned
“”Overall the current scenario is that liquidity from the global central banks are going to be supportive for the market in the immediate term and valuations will act as a head wind so those that will not allow a fast fall in the immediate term and whenever slightest of value emerges in the market that will be bought into”” short term, trading, strong pull backs possible 🙂 I feel market is tired of going up, but still not ready for a dramatic fall like 1625 pts fall on August 24 2015.
ok sir
SIR I DO READ YOUR VALUABLE ANALYSIS DAILY…..PLS CONTINUE….
sure
Once again you have proved your caliber. Congratulations once again Glen Sir.
Thank you sir
The fall so far from 8950 seems to be corrective in nature with so many pulbacks.. Isnt this down move supposed to be impulsive? Or the impulsive move will start later only when the distribution is done?
let corrective end first
Sir,
Want to bring to your notice one small point. Some ads represented on this forum (sometimes) look inappropriate for this forum. Kindly check on it if you too feel the same.
Regards
Anpat2015
i dont have control over what ads show up here, google is responsible for them. Please read about addsense program.
Yes sir, I did sense that but just wrote in case that was overlooked.
Regards
Anpat2015
Thanks
Your guidance for NMDC and Tata coffee is requested
as of now we have booked
Sir usd/inr any update. I bought november futures @67.30. Nifty fell 200 points but usd futures did not rise. Very strange !!
we see inr depreciating over time
Hi Glen,
Shree Renuka Sugars continues to drop. Below what level would you rethink your prediction? Should we continue to hold even below 14-15?
yes
great guidance sir. thanks alot. sir u feel clinton is goin to win so any chance of temporary rally after election. bcoz now markets are falling bcoz trump is giving competition to her in polls
clinton
Sir.. Any views on srei pls..
no
if clinton wins any temporary rally after us elections or not. pls ans
anything possible