SGX Nifty 10th Aug 2015

SGX Nifty

-65.41

Index Last High Low
Nifty Future Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response
Nifty Future Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response Error parsing: Query returned empty response
CNX Nifty Spot 7879.50 7880.20 7837.70

 

SGX Nifty / Nifty Trend / Nifty Prediction / Stock Market Tips for 10th Aug 2015

SGX Nifty Trend Today (7th Aug 2015) was flat to negative. Nifty has been struggling around 8550-8672 levels as told on 2nd July 2015. The pullback that started from 7941 has ended as per our analysis or in the alternate scenario / count we could see another round of pullback towards 8672-8732 and then Nifty will start falling. In the current background where FED will begin rate hike cycle in the next 60 days (this will take dolor Index to 120 and INR will hence depreciate towards 68-72.) In this scenario I do not see Nifty / Stock Markets  running ahead from here. Further the Q1 numbers reported till now have been a total miss and Q2 numbers will be worse than Q1 numbers that are being reported. BHEL’s numbers on Friday 7th Aug 2015 stunned the Stock Markets.  BHEL’s results are a true reflection of the on ground scenario which is extremely bad and this is being clearly.   Nifty spot resistance for Monday 10th Aug 2015 is at 8672 while Nifty spot Support for Monday 10th Aug 2015 is at 8471.   Our commendation remains the same to use this pullback to exit trading longs and delivery long positions. Mars has changed signs to Cancer and this brings about huge panics as this generally does not support the Stock Markets, the most important Stock Market Dow has made a classic lower top and has resumed the previous trend which was down.  S&P 500 is also on the verge of doing the same. This clearly indicates that World stocks markets are headed lower. All Major World Stocks Markets are making classic lower tops and lower bottoms in this scenario I do not see how Nifty will continuously outperform and head higher eventually we will start following the Global Indices and generally this nonperformance gets adjusted.

SGX Nifty 50 Components
ONGC, Tata Motors,  Vedanta, BPCL, Grasim, NMDC, Infosys, Hindalco, Sun Pharma and Cairn India were leading the Nifty 50 today while BHEL, Coal India Ltd, State Bank of India, Bank of Baroda, Bosch Ltd, Asian Paints, Bajaj Auto, Cipla, NTPC and ZEEL were dragging the Nifty 50 and were in the red between 5-1 percent with BHEL loosing almost 6 percent today (7th Aug 2015)

Venus rules money, valuable things like stocks / assets. Venus retrograde occurs every 19 months however one of the most interesting parts is that every 8 years the position of Venus is same. Our back testing results show that 93 percent of the times Central Banks change interest rates around Venus retrograde period. Now that means a high probability for FED to suddenly begin rate hike cycle in Aug 2015 (Venus goes direct on Sept 6th 2015). If this happens then expect World Stock Markets to plunge and dollar to become stronger also expect panic in Emerging Stock Markets and Emerging Market Currencies. Since the sheer probability is so high it will be prudent to play with caution rather than aggression.

Gold Update

Gold we expect to make a final bottom around 21500-22000 INR. As per our time cycles we expect Gold to make a bottom by end of Aug 2015 or early Sept 2015. We recommend to Buy physical Gold at 21500-22000. In dollar terms we expect a bottom around 1020-950 $

Silver Update

Silver also has a very important time cycle support around 9th Sept 2015. We expect Silver to bottom around 30000 INR. Over the medium term we expect Silver to move back to 47500 so buy around 30000 for 17-20 months time frame.

USDINR 10th Aug Update
USDINR has given a minor pullback this week, however longer term structure for USDINR remains the same. On dips towards 63.50 we will be looking to Buy USDINR for targets of 64.42 Spot. Overall till 63.20 holds on Spot upside gates will remain open.
Good Trading To You!