SGX Nifty 12th Aug 2015

SGX Nifty

-200.14

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 12th Aug 2015

SGX Nifty Trend today was negative. Nifty has resumed the down move after facing resistance at 8550-8672 (Resistance area). As per our analysis we maintain to use any pullback to exit trading long positions / delivery long positions from Nifty / Stock Markets. SGX Nifty Minor Trend is down. SGX Nifty Major Trend also is down. Nifty Spot Support for tomorrow (12th Aug 2015) is at 8430. Break below 8430 with volumes will take Nifty lower towards 8300-8240. We could also see a fast intraday fall if 8430 is taken out with volumes hence caution is advised for long trades. Nifty Spot Resistance for tomorrow is at 8520-8560. On any rise towards small stop loss points or resistance we will look to sell into the rally. Nifty has been making classic lower tops and lower bottoms and until and unless that structure is changed we do not recommend buying into Nifty / Stock Markets with the exception of sugar sector.

SGX Nifty Constituents

Infosys, Tech Mahindra, Bosch Ltd, ZEEL, TCS, Cipla, Indusind Bank, Wipro, HCL Tech and Lupin were in the green today while Tata Steel, Tata Motors, State Bank of India, Hindalco, Coal India Ltd, Vedanta, Bank of Baroda, Hindustan Lever, Punjab National Bank and Icici Bank were dragging the Nifty 50 today.

State Bank of India reported Q1 numbers and overall numbers have not been to street expectations. One of the major worries for the Bank was fresh slippages which increased to 7318 crore vs 4318 crore on a sequential basis. This shows the real on ground position of the Indian Economy and as per our analysis Q2 numbers will show more structural problems. Anyways bottom line is to avoid Banking Sector as asset quality will worsen over the next two to three quarters.

USDINR 12th Aug 2015

USDINR we have booked positions today totally. We still are bullish but from a trading stand point we have booked positions once and we will now Buy $ on declines. Overall our target for USDINR remains 68-72 in this financial year.

SGX Nifty Live Chart is Enclosed Below.

Good Trading To You!

Stock Market Tips given today as enclosed below

[8/11/2015, 9:23 AM] : Gm
[8/11/2015, 9:24 AM] : Hold Nifty 8600 Aug Put 1 Part Till Next Update
[8/11/2015, 9:24 AM] : Hold USDINR 1 Part Till Next Update
[8/11/2015, 9:27 AM] : USDINR TGT 64.42 Spot
[8/11/2015, 11:28 AM] : Hold Nifty 8600 Aug Put 1 Part Till Next Update
[8/11/2015, 11:30 AM] : Hold USDINR 1 Part Till Next Update TGT 64.42 Spot
[8/11/2015, 11:30 AM] : Trend Is Down
[8/11/2015, 2:12 PM] : Nifty Aug 8600 Put Close Positions If Nifty Spot Breaks 8433 Reenter 8600 Aug Put 1 Part.
[8/11/2015, 2:12 PM] : Confirmation Nifty Aug 8600 Put Booked 1 Part
[8/11/2015, 2:13 PM] : Intraday Pullback Possible From 8440-8450 Spot Towards 8495. On Pullback we will renter short positions
[8/11/2015, 2:14 PM] : Hold USDINR 1 Part Till Next Update
[8/11/2015, 2:15 PM] : Intraday Trade Nifty Buy @ CMP 2 Parts SL 8433 Spot
[8/11/2015, 2:15 PM] : Confirmation 2 Parts Nifty Aug Bought
[8/11/2015, 2:16 PM] : Please Note If Nifty Spot Breaks 8433 Then We Will Reenter Nifty Aug 8600 Put 1 Part
[8/11/2015, 2:20 PM] : Nifty Aug Fut Book 1 Part @ CMP & Trail 2nd Part To 8433 Spot Nifty & Hold. Towards End Of Trade We will reenter short positions as trend is down
[8/11/2015, 2:20 PM] : Confirmation Nifty Aug 1 Part Booked
[8/11/2015, 2:20 PM] : Hold 2nd Part Nifty With Trailing SL 8433 Spot Nifty
[8/11/2015, 2:23 PM] : Nifty Aug Fut Book 2nd Part @ 8486 Spot Nifty (Prefeed) & Wait For Signal To Reenter Short Positions
[8/11/2015, 2:23 PM] : I am not on screen for 15 min hence given lvl in advance. when where to sell I will update
[8/11/2015, 2:27 PM] : Book Nifty Aug @ CMP
[8/11/2015, 2:27 PM] : Confirmation Nifty Aug Put 2nd Part Booked Totally
[8/11/2015, 2:28 PM] : Wait For msg To Sell Nifty Fut / Buy Put
[8/11/2015, 2:29 PM] : Confirmation No Open Positions IN Nifty Fut as of now
[8/11/2015, 2:58 PM] : Positional Trade Nifty Aug 8700 Put Buy 1 Part @ 8495 (Nifty Spot Lvl) & 2nd Part @ 8520 SL 8537 (Nifty Spot Lvls Mentioned)
[8/11/2015, 2:59 PM] : USDINR Hold 1 Part Till Next update
[8/11/2015, 3:24 PM] : USDINR Book Total Profit & Wait For Msg To Reenter
[8/11/2015, 3:25 PM] : Confirmation Positional Trade Update USDINR Booked Rem 1 Part