SGX Nifty 11th Aug 2015

SGX Nifty

-60.03

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 11th Aug 2015

SGX Nifty Trend Today was down. After a positive start Nifty Spot made a high of 8622 and then late sell off dragged Nifty towards 8500. Finally Nifty 50 closed lower by 39 points at 8535. SGX Nifty Minor Trend is down. SGX Nifty Major Trend is also down. Nifty resistance for tomorrow is at 8595 and Nifty support for tomorrow is at 8480. Break below 8480 with volumes opens the gates for 8100-8200 (Nifty 50 Spot levels Mentioned). The combination of High Valuations, Low Growth, Weak Corporate Earnings, Strong US $ is not conducive to risk on assets and we have been mentioning the same since 4th March 2015. Our overall view remains the same on any pullback to book profits in Equities / Stock Market trading positions and be on cash or hedge net long positions.  

Nifty 50 Constituents
BHEL, Maruti, TCS, Hero Motors, Bajaj Auto, Asian Paints, State Bank of India, GAIL, NMDC and Hindustan Lever were leading the Nifty 50 today while ONGC, Tata Motors, Hindalco, Cairn, Vedanta, Coal India, M&M, NTPC, Sun Phama and NTPC were dragging the Nifty 50 today.

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.

Sugar Sector Update

Reiterate Buy and Hold Sugar Sector. Bajaj Hindustan, Renuka Sugar and EID Parry will give 5 X returns over next 3 years till 2019. Sugar sector in India will be decontrolled by Dec 2016. As of now we are at the bottom of the cycle and from here on a massive bull market will begin in sugar stocks and raw sugar. Most agro commodities will start running up from the second half of this year that includes Cotton, Coffee and Soybean.

Bank Nifty / Bank Nifty Trend / Bank Nifty Prediction / Stock Market Tips for 11th Aug 2015
Bank Nifty Minor and Major Trend are down. Bank Nifty Resistance for tomorrow is at 19230. ON any rise it is recommended to exit trading longs from Bank Nifty Futures / Banking Sector Stocks. Both Public Sector Banking and Private Sector Banking Stocks.
USDINR 11th Aug Update
USDINR today closed up by 6 paise to close at 63.87 Overall in this current move we expect USDINR to touch 64.42 Spot. On dips Buy & Hold $ for targets of 64.42 Spot. On the lower side supports is at 63.20 Spot Levels mentioned.

For details of our advisory services please feel free to call me on 9222294707.

Good Trading To You!