Nifty Futures Update 8th Nov 2016

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 Update 8th Nov 2016

Nifty Futures / SGX Nifty bounced back in style along expected lines. Regular readers and clients of this website are well aware that we have been saying that although the main trend is down pullbacks will keep coming and we had anticipated a bounce back from 8400-8420 area.

We did cover our shorts yesterday at lower levels and did some buying to play the current bounce back. Please keep in mind that where ever we see the current pullback ending we will reenter our shorts and we may choose to inform and update that information here free of cost or we may choose not to do so. If you are trading only on the basis of this post please use appropriate risk management and then only trade. Please do not over trade and manage your risk.

You may please refer to part of the chat transcript from 1st Nov 2016  and Part of today’s calls which is given below (please keep in mind that we may choose to provide chat transcripts from time to time or we may choose not to provide the same. It will be as per our discretion)

01/11/16, 8:58 AM – Glen: Gm

01/11/16, 8:59 AM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

01/11/16, 8:59 AM – Glen: Stbt trade hold as told

01/11/16, 9:00 AM – Glen: Ugar sugar hold as told

01/11/16, 9:00 AM – Glen: Renuka accumulate below 16

01/11/16, 9:00 AM – Glen: Msl hold as told

01/11/16, 9:00 AM – Glen: Usdinr hold 2 parts longs as told

01/11/16, 11:10 AM – Glen: Hold positions as told

01/11/16, 11:10 AM – Glen: if anything to be done will update

01/11/16, 2:29 PM – Glen: Volume v low

01/11/16, 2:29 PM – Glen: Just hold positions as told

01/11/16, 2:29 PM – Glen: If anything else to be done will update

01/11/16, 3:40 PM – Glen: Good Evening Nifty Update For 2nd Nov 2016                      http://www.mallavv.com/category/sgx-nifty

01/11/16, 7:29 PM – Glen: Exit silver 1 part at cmp

01/11/16, 7:29 PM – Glen: Confirmation silver exited one part

01/11/16, 10:43 PM – Glen: US issues security advisory to its citizens in India over possible Islamic State attack at popular tourist spots.

http://timesofindia.indiatimes.com/india/breaking-news/liveblog/54474561.cms

02/11/16, 8:59 AM – Glen: Gm

02/11/16, 8:59 AM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

02/11/16, 8:59 AM – Glen: Stbt trade hold as told

02/11/16, 9:00 AM – Glen: Usdinr hold 2 parts longs as told

02/11/16, 9:00 AM – Glen: Msl hold

02/11/16, 9:00 AM – Glen: Ugar sugar hold

02/11/16, 9:00 AM – Glen: Renuka accumulate

02/11/16, 9:35 AM – Glen: Hold positions as told

02/11/16, 10:43 AM – Glen: If anything else to be done will update

02/11/16, 11:00 AM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

02/11/16, 11:00 AM – Glen: Usdinr hold 2 parts longs as told

02/11/16, 11:00 AM – Glen: Stbt trade hold as told

02/11/16, 11:01 AM – Glen: If anything else to be done will update

02/11/16, 11:01 AM – Glen: Trend down. Hold positions as told

02/11/16, 11:01 AM – Glen: MSL Hold

02/11/16, 11:01 AM – Glen: Ugar Buy Below 38

02/11/16, 11:01 AM – Glen: Renuka accumulate below 16

02/11/16, 11:01 AM – Glen: be patient and wait on sidelines

02/11/16, 11:03 AM – Glen: Silver Hold 1 Part as told

02/11/16, 11:03 AM – Glen: Crude Oil wait for buying signal

02/11/16, 11:03 AM – Glen: Gold wait for some decline

02/11/16, 11:03 AM – Glen: will update if anything needs to be done

02/11/16, 1:54 PM – Glen: Hold positions as told

02/11/16, 3:12 PM – Glen: Hold positions as told

02/11/16, 3:16 PM – Glen: Stbt trade book profits

02/11/16, 3:16 PM – Glen: Confirmation stbt trade 8500 Nov Call shorts booked

02/11/16, 3:16 PM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

02/11/16, 3:48 PM – Glen: Good Evening Nifty Update For 3rd Nov 2016            http://www.mallavv.com/category/sgx-nifty

03/11/16, 9:08 AM – Glen: Gm

03/11/16, 9:08 AM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

03/11/16, 9:34 AM – Glen: Usdinr hold positions as told

03/11/16, 11:05 AM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

03/11/16, 1:19 PM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

03/11/16, 3:41 PM – Glen: Good Evening Nifty Update For 4th Nov 2016            http://www.mallavv.com/category/sgx-nifty

03/11/16, 9:11 PM – Glen: http://www.mallavv.com/sgx-nifty-live

04/11/16, 8:27 AM – Glen: Gst will not have input rebate. Extremely negative.

04/11/16, 8:28 AM – Glen: Service tax to go upto 18 percent again this too is inflationary and not good move

04/11/16, 8:32 AM – Glen: Gm

04/11/16, 8:32 AM – Glen: Hold positions as told

04/11/16, 8:32 AM – Glen: Positional trade Nifty Nov 8500 Call hold 2 parts shorts and Nov 8400 Call hold 2 parts shorts as told

04/11/16, 9:56 AM – Glen: Nifty 8500 Nov Call shorts book profits at cmp

04/11/16, 9:56 AM – Glen: Confirmation Nifty Nov 8500Call shorts booked

04/11/16, 9:56 AM – Glen: Hold 2 parts 8400 Nov Call shorts as told

04/11/16, 9:56 AM – Glen: Usdinr hold positions as told

04/11/16, 10:05 AM – Glen: Positional Trade Update Nifty Nov 8400 Call Shorts Hold 2 Parts as told till next update

04/11/16, 11:03 AM – Glen: Nifty 8400 call shorts book profits at cmp

04/11/16, 11:03 AM – Glen: Confirmation Nifty Nov 8400 call booked

04/11/16, 11:04 AM – Glen: Confirmation no open positions in Nifty

04/11/16, 11:06 AM – Glen: Confirmation no open positions in Nifty

04/11/16, 11:06 AM – Glen: Confirmation no shorts open in Nifty

04/11/16, 11:11 AM – Glen: Usdinr hold positions as told

04/11/16, 11:43 AM – Glen: Positional Trade Nifty Buy 1 Part @ CMP

04/11/16, 11:43 AM – Glen: keep space for 3 more parts

04/11/16, 11:43 AM – Glen: confirmation Nifty Positional 1 part active

04/11/16, 1:31 PM – Glen: Hold Nifty Nov Fut long 1 part as told.

04/11/16, 1:31 PM – Glen: If anything else to be done will update

04/11/16, 2:13 PM – Glen: Nifty Nov Fut buy 2nd part at cmp

04/11/16, 2:13 PM – Glen: Confirmation Nifty Nov Fut 2nd part active

04/11/16, 3:02 PM – Glen: Initiating Buy on accumulation range between use dips to accumulate in a staggered manner only.

04/11/16, 3:07 PM – Glen: Kama karo

04/11/16, 3:07 PM – Glen: Jama karo

04/11/16, 3:07 PM – Glen: Tc enjoy your weekend

04/11/16, 3:12 PM – Glen: guys i did not mean 93.55. I meant buy below INR hope its clear now. Jo bhavv dill kare jama karo

04/11/16, 3:17 PM – Glen: enjoy your weekend

04/11/16, 7:31 PM – Glen: Crude oil buy 1 part at cmp

04/11/16, 7:31 PM – Glen: Confirmation crude oil one part buy active

04/11/16, 7:31 PM – Glen: Keep space for 3 more parts

04/11/16, 7:31 PM – Glen: Total 4 parts

04/11/16, 8:22 PM – Glen: Crude oil book 50 percent qty at cmp and hold remaining qty till next update

04/11/16, 8:22 PM – Glen: Confirmation 50 percent qty booked

04/11/16, 9:29 PM – Glen: Renter 50  percent qty that we have booked in crude oil

04/11/16, 9:30 PM – Glen: Confirmation reentry of 50 percent qty done

04/11/16, 9:30 PM – Glen: Crude oil 1 part long positional holding now

04/11/16, 9:30 PM – Glen: Keep space for 3 more parts

05/11/16, 11:29 AM – Glen: Good Morning Nifty Update For 7th Nov 2016                http://www.mallavv.com/category/sgx-nifty

07/11/16, 8:58 AM – Glen: Gm

07/11/16, 8:59 AM – Glen: Positional Trade Nifty Nov Fut hold 2 parts longs as told

07/11/16, 9:00 AM – Glen: If anything else to do will update

07/11/16, 9:04 AM – Glen: Crude oil hold 1 part longs bought below 44

07/11/16, 9:04 AM – Glen: Msl hold

07/11/16, 9:04 AM – Glen: Ugar accumulate below 38

07/11/16, 9:04 AM – Glen: Silver hold 1 part long

07/11/16, 9:10 AM – Glen: Renuka hold as told

07/11/16, 9:29 AM – Glen: Positional Trade Nifty Nov Fut hold 2 parts longs as told

07/11/16, 9:37 AM – Glen: Positional Trade Nifty Nov Fut hold 2 parts longs as told

07/11/16, 10:01 AM – Glen: Positional Trade Nifty Nov Fut hold 2 parts longs as told

07/11/16, 10:01 AM – Glen: if anything to be done will update

07/11/16, 10:22 AM – Glen: Crude oil hold longs as told.

Overall we remain bearish but as per our understanding of the wave we see that we will keep getting pullbacks from time to time and if we see a low risk opportunity then we will keep trading those pullbacks. Our overall target for this wave is 8167 but once again please keep in mind that pullbacks will be a part of this move and we do not expect a one sided move to the downside. Once this pullback is over we will once again short sell positions.

Our new multi bagger trade has been released and we see great potential in the counter. We see at least 200-300 percent upsides in the counter which could happen very quickly.  Today the counter performed very well and was up almost 5 percent.

Good Trading To You!

8 thoughts on “Nifty Futures Update 8th Nov 2016

  1. Sir,
    Do you see this pullback as a dead cat bounce? As per today’s trade it looks selling pressure coming around 8530 and Nifty failed to hold 8500 levels at the end of the trade. But as you are still holding longs I guess you are expecting some more upmove from here. I remember in the previous posts you had mentioned Nifty would start big movements only post touching 8250-8350 area.

    Regards
    Anpat2015

      1. Yes sir but considering your overall statements from the last few days, I had expecting a sharp pullback from 8250-8300 levels as 8400 was not a very big support but went wrong. But hoepful to see 8300 in near term as we are forming another lower top here. Anyways this was masterpiece of analysis from you, trading both down move and upmove perfectly. Congratulations.

        Regards
        Anpat2015

  2. Very agile and unique blog this is. Thanks and keep updating sir. I dont think there is any blog which is so perfect and having two way communication. Please maintain this uniqueness.

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