Nifty Futures Update 15th Nov 2016

SGX Nifty Futures

LTP   10,940.00   +26.00 +0.24% High 11,041.50 Low 11,001.00 (Change Vs Today’s Nifty Futures (NSE) Closing)

SGX Nifty

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Nifty Futures Update 15th Nov 2016

Nifty Futures / SGX Nifty has been all over the place in the past few trading days and keep in mind this kind of choppy movement will continue.

We once again reiterate that we do not see one sided movements and there will be many counter trend moves taking place. We once again reiterate that longer term we remain bearish for targets of 5872 but in the near term we do not see much panic so traders take a trade in and out approach rather than buy and hold or sell and hold trades.  From a investors perspective churning portfolio will be needed so in panic investors must deploy cash in a staggered or systematic investment manner and in euphoria a reverse strategy should be done that is systematic withdrawal should be done.
Keep in mind trade in and trade out this is not going to be smooth and there is rough and probably even extreme rough turbulence expected in the coming days. Choppy moves will become the new normal in the next few days to come. So even if you invest or trade keep in mind that dont get greedy and dont get stuck in the trade for the next few days at least. The moves will originate out of nowhere and go everywhere and markets are expected to be all over the place so we will see some fascinating moves and thanks to Jupiter’s position it will keep forcing the masses to change their view on everything very quickly so if some people are applauding some things it could happen that all of a sudden they start a negative propaganda on the very same issue.
The bottom line being that nothing will be stable or some may even call it insanity and as per our understanding there is plenty of that in the coming days. Be careful and do not over trade under any circumstances.

From a astro point of view tomorrow will be very important as we have a full moon at perigee (which means that moon is at the closest distance to earth in fact it will be the nearest in absolute distance since almost 1948 so do expect many important things ) so all things in the world and that includes financial markets will change very quickly. There will be many people who’s luck and overall life could change in a matter of minutes in the next 48 hours so be careful. (I am not referring to the black money stuff and all that).

With respect to the Govt move on black money and scraping 500 and 1000 INR denomination I personally do not see much merit in the move and I beg to differ with most of the people on the after effects of this. In future all the Indian black money will be in Dubai and in USD so INR as a currency will no longer be the choice for diamond merchants and many other impex business . In the near term as a fall out of this move we could see Reserve Bank cut rates by 0.50 Bps in the coming meeting on 7th Dec 2016 but the longer term we do not see great gains for Govt of India by this move. From a demand point of view the near term demand is very badly affected and we could see a really bad contraction in numbers by corporate India in the coming next 2-3 months.  

Gold in the near term could become the safe haven trade and there could be some positive moves coming in the next few days.  Moves in Gold could equally stun people.

Good Trading To You!

62 thoughts on “Nifty Futures Update 15th Nov 2016

  1. Sir,
    Thanks for the detailed update. Dow jone’s is at all time high’s now. Like you said it’s crazy move, nobody had expected such behavior by US markets. Do you see this extreme Euphoria building up in US as well as global markets making charts similar to Jan 2008? Post that what happens everyone knows.


  2. Hi Glen,

    In Muhurat Trading Update,You had mentioned real estate prices can lower by 30% in coming years..So don’t you think by banning 500/1000 notes,your prediction will be reality soon?

  3. Dear sir
    I’m waiting for ur detailed analysis on note ban.i believe it will badly affect domestic consumption for a long time. In that case do u see nifty breaching 7000 in Dec itself. Do u see ur final downside tgt for nifty arriving much any case, do you see nifty breaching 5500 or 5000.bcoz in worst case,nifty may even trade on 11-12 PE, which is around 21-22 right now.
    Tnank you sir

  4. Good fall. The markets had turned confusing in the last week. Looks like Nifty will test 8620 levels again after making today’s low near 8180. Or 8167 as you mentioned earlier.

  5. Added one more small f&o position for december at Nifty spot 8150. As you pointed now Nifty looks oversold and on some positive news should bounce back hard. Thanks for your guidance as always, it really helps from visioning the next movement.


  6. I feel u r misguiding retail investors by asking to buy bogus companies like ugar. Big loss co. Now if u like sugar u could have easily gone in for km sugar or dwarikesh or even balrampur, dont know ur criteria. u always end up selecting worst stocks like bajaj hindustan, renuka and ugar. All laggards. I am sure u will not publish this. But I hope u try to improve urself for the sake of ur poor followers.

    1. Tata Coffee Bought at 83 booked at 130
      MSL Bought at 1100 today 1500
      Renuka bought at 7-9 today 14
      Ugar bought at 19-22, booked at 70 and rentered below 38
      IDBI bought at 54 booked at 65
      NMDC bought at 82 got div of 11Rs and today at 118.

      Money made in all investments with the exception of Bajaj Hindustan, Renuka till now has not performed well as per my personal expectations but results showing that coming time is good. You may please buy the out performers as per your own research. I am guiding on what I am trading and investing. I may outperform or under perform. If you feel other wise please do not invest or buy.

      With regard to my clients and followers most of whom are very happy.

    2. Melwin,
      We are good the stocks suggested by Sir. Kindly don’t worry about us. In fact any correction in an excellent opportunity to add to existing holdings. Once turn around stock blast, its very difficult to catch them. So it’s better to buy at lower levels and keep holding them with patience. Time Correction is always the part of the game.


  7. Where Is Mr Vaibhav disappeared . . . he Was So Confident ThaT 8500 Will Not Be Seen In Next 2 Years, Mr VaibhaV Its COme Way Below It In JusT 2 Months. Hahahah

      1. I guess one should average ugar at around 30/28. It should not be going down beyond those levels. I bought at 40 and 36. Would be adding around 30 levels. If we hold it patiently we can get atleast double amont in coming time. Sir, kindly guide of I am wrong.


  8. Your positional calls risk reward is not good. I know some of your clients and they do complain about entering trade too early.

  9. looking at the prices of ugar, msl, renuka, looks like u r worst hit by thi market fall. No point in joing ur service. ur free blog is good enuf for some time pass

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