Nifty Share Price / Nifty 50 / Nifty Futures today’s stats
Nifty spot LTP 10547 (+19.40, +0.18%) , Nifty 28April Futures LTP 10,548 (Previous Close 10542, Volume 86,650) , Nifty 31May Futures LTP 10579 (Previous Close 10571, Volume 4,899 ), Rollover Difference 30.65 points, Rollover percent 6.5% , Open Interest 379219 , OI Change 2.82%, PCR (Put Call Ratio) 1.4, Today’s Low-High 10495-10560. Top Gainer was Powergrid and Top Loser was Infratel. Most Open Interest Up INFIBEAM Most Open Interest Down EQUITAS. Daily Nifty spot RSI 62.55
Nifty Share Price / Nifty Futures Todays Trend, Support, Resistance, Prediction, Analysis, Target and View is given below
Nifty Futures today continued moving higher and today was the 9th day in a row when Nifty Futures has closed in the green although there was some intraday volatility during the day. Now let us look at the overall situation and sentiment. The general sentiment at 10,000 levels or around 10,000 levels was that Nifty is heading lower towards the 9500 and in a matter of a few weeks now once again everyone is super bullish. Regular readers of this website are well aware that we had mentioned this time and again that when Nifty was at 10,000 levels that Investors should not panic around those levels and investors will get better levels to get out but when most of those investors who were in panic around 10,000 levels call me now they have become confident that all problems are done deal and now Nifty Futures is heading for a target of 11,000 and some even say that Nifty Futures is heading for a target of 14,000 but once again we are saying that we are not in the camp that is predicting or has view that Nifty Futures is heading for target of 11,000 sure the near term trend remains up for the time being but we do not think that getting into fresh longs as of now is the right thing to do as per our trend analysis, view, prediction for Nifty Futures / Nifty Share Price we see much lower targets over longer term so investors should look to get out on cash as far as possible and we are not recommending or advising to hold longs or buying fresh should be done as of now or around levels of 10,500 from our analysis perspective we see much better entry points will be available in a matter of months both in terms of lower price and in terms of lower valuations. From a near-term trading standpoint we have been guiding our clients and trades have been working out extremely well but now we are nearing a very important area and time on Nifty Futures so it’s very important not to get carried away by what the general market is doing and think very logically and carefully before you enter any trade. Near-term Nifty Futures has resistance around the 10,650 levels and supports are around 10,411 area now in addition to the resistance zone ahead there are also major time cycles that are coming into place so be very careful as to how and what you enter. Nifty time cycle analysis is suggesting that near-term there could be heightened volatility so trade carefully especially for the next few trading days.
There are many macro problems that Nifty will have to deal with in the coming days. The first one which we have discussed in Crude Oil prices. As per our analysis, we see Crude Oil heading for 82 and this will put significant pressure on the Current account deficit and also the fiscal deficit. This year’s budget has not accounted for the steep increase in Crude oil prices and at current prices, it is a given that inflation will move higher much more faster than most people are anticipating. The second major problem for the Indian stock markets is USDINR paid till now the pair has been resilient but from now onwards we see the USDINR paid heading lower towards a target of 68 so both crude oil and USDINR will add to the pressure for the Indian markets, in other words, the headwinds for the Indian stock market will only rise from now onwards add to this the earnings picture not looking good and cheap money rollback by global central banks all this does not arugue well for equties as an asset class so these are just a few of the reasons why we do not think Indian equties will not do well from now onwards or will not reward blanket buying some or to be specific certain sectors will do well but they will need perfect entry timing. Maintain the our view, prediction that trend for Indian equities remains lower over the longer term time frame.
Important Astro cycle update, view and predictions on the Banking sector.
On May 15th, 2018 Uranus will move to the sign of Taurus, Uranus has characteristics of no boundaries or rather break free attitude or breakthrough. The sign of Taurus rules banking, currency, money, banking system and asset management systems like treasury or money markets etc. Currently, Uranus is in the sign of Aries (Western Astrological system followed). Now, what does this mean for our Indian Banking system and especially the listed universe of banking stocks let us see. The first and foremost important criteria during such transit from a historical standpoint is that interest rates start moving higher so when Uranus leaves the sign of Aries and starts moving to Taurus we start seeing increase in interest rates also, it has been noted that inflation also starts moving higher much more faster so both these themes will start playing out and this is one of the reason we have guided that we expect Reserve Bank of India to start increasing rates and rate hike cycle will be much more faster than most of the people are expecting but even as this theme starts playing out we will see Uranus going retrograde and moving back into Aries for a brief period of time (around Nov 2018) and this is when we do expect a lot of scams and all the worst of the NPA cycle issues coming out so we will see a lot more problems coming out of the Banking sector during this time, we also will see news flow of collusion of bankers with some people and all sort of news which was hidden from the general public will come out. Also, we will be seeing start of a currency war around this time, many countries will look to devalue their own currency in order to become competitive for exports so many currencies will see significant devaluation especially from the developing countries list so India, China and some more south east Asian countries will look to devalue their currency during this phase we also expect that the current currency system will end and we will either start moving to crypto currency or in some form or the other we will see the end of the FIAT currency system which means that all future currencies which are printed will be asset based and will actually have some underlying value. Many would not understand as to what this means but just keep these words in mind. We have tried to explain this in a very brief manner although the longer term consequences of these will be lasting and many other changes in the banking system both in India and the world will be seen during this phase. So why are we guiding on this today? That is because we do not see the traditional banking system to flourish in its current form and hence Banks or Banking sector stocks must not be accumulated during the fall until and unless there is significant deep value in those stocks. Please note that we have given our view, predictions here and if you are trading only on the basis of this post please use your own risk management and then only trade. Please keep your risk in check and then only enter any positions.
Nifty Futures / SGX Nifty Live Streaming Real-Time Chart which updates on a real-time basis is provided below for reference Resistance, support levels have been discussed above