SGX Nifty 11th Nov 2015

SGX Nifty

-178.32

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 / SGX Nifty Live / Nifty Futures / Nifty Chart / Nifty Live for 11th Nov 2015

SGX Nifty Today opened lower following weak global cues. Finally Nifty closed the day lower at 7783 down 131 points. As per our Stock Market Analysis / Nifty Prediction we do not see Nifty significantly lower from now onwards and all dips in Nifty Futures / Indian Stock Markets have to be bought into for the final bullish move of this year. At 8300+ last month we were recommending selling and not to be long and not many traders and investors understood what we were seeing. Now at 7800- we are recommending buying on dips and accumulating Nifty Futures longs / Sugar Sector longs as we do not see much downside remaining and after 12th Nov 2015 (Mars moves to Libra as per western astrology and Venus is already in Libra since 8th Nov 2015) we see Nifty heading towards 8600+ we do not see any major panic towards 7200-7400-6800 as of now. I hope our view is absolutely clear. I know when we are predicting 8600+ target not many Stock Market participants can understand why we are saying / recommending to go long, as they have see the Q2FY16 numbers were below estimates (most of the companies reported below expected earnings and now we are looking at a earnings downgrade by 10-12 percent). FED is about to begin rate hike cycle in Dec 2015 where we see 0.125 BPS increase in rates as all the parameters for a rate hike are in place as per the FED’s parameters. All these macro effects will be seen and panic will come in Global Stock Markets and Indian Stock Markets but not now. For now Tezi / bullish move will come. Astro cycles along with Elliot wave calculations, Gann Wave calculations all are pointing that Nifty will resume up move that started on 29th Sep 2015. Further our sentiment indicators are 98.3 percent bearish which simple means the entire world wants to exit and short sell the Indian Stock Market whenever there is such a heavy consensus trade along with such Gann wave panic bottom indicators which are so very clearly visible Nifty Futures / Indian Stock Markets have always moved against the sentiment indicator direction. Since sentiment is so bearish Nifty Futures will rally and force all shorts to square up and around the top may be around 8400-8600 all these guys will again become bullish. All of them will talk of targets like 9000+ at that time is the time to exit and short sell Nifty Futures. Extreme Caution is advised in short positions for now. To be honest don’t look into Nifty target for today or Nifty target for tomorrow. We are clear in 2015 Nifty will retest 8600 and then only a major fall will begin. 99.4 percent of the longs are out of the system today.

SGX Nifty Minor Trend is oversold. SGX Nifty major Trend is up / bullish. Nifty support and resistance for tomorrow 7715 and 7925.

Nifty 50 constituents

Auto’s were leading today. Bajaj Auto, Hero Motors, Maruti were leading the Nifty today while Dr Reddy, Reliance, Cairn , Adani Ports, Vedanta were dragging the Nifty 50 today. Oil & Gas sector may underperform the Nifty in the month of Nov 2015 as crude is at a critical juncture as of now and there is high probability that Crude oil could touch 21$ /BBL in this month itself. Gold could fall below 1000$ and in Indian rupee terms it could fall towards 22000 also. Silver should see a bottom around 30000 Rs. Expect agricultural commodities caution is advised in commodities and commodity related stocks.

SGX Nifty Futures / SGX Nifty Charts / SGX Nifty Live updates are given below for ready reference.

Good Trading To You!