SGX Nifty 13th July 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 13th July 2015

SGX Nifty / Nifty Trend today was positive. SGX Nifty / Nifty Trend both Minor Trend and Major trend remain down and we maintain our target of 7899. From 7991 we were expecting a pullback and that pullback got split and ended at 8561. We are looking at a very high probability of a inversion taking place and as I have been saying inversion means extending down cycle time and price but we will take a call on inversion only after we have got a final confirmation for the same. (I will update details to all clients once inversion is confirmed). Nifty spot resistance are at 8425 and if we get any upside then it will be good to sell or short near small stop loss points / resistances. With bad Q1 numbers, IIP numbers showing contraction, Bad harvesting season, Fed making statements of increasing rates in later part of 2015, Trailing valuations which are extremely high we do not see a run away stock market. It will be prudent to be on cash as much as possible as per our analysis and we maintain this view since 4th March 2015 / 9120. There is a strong possibility of stocks markets around the world collapsing in the next 10-18 days time as Venus in Leo will form a square to Saturn in Scorpio and this has extremely high co relation to significant major panics in Stock Markets / SGX Nifty as per our studies. Expect volatility to increase significantly over next 18 days. On the Greece issue we do not expect any resolution to come until the end of this month. Greece wants flexibility in debt (ruled by Pluto) but as per astro cycles we do not see flexibility being available as there are multiple hard aspects. Around July 25th or 26th July 2015 there are some chances of minor short term agreements being reached but do not expect it before that.

USDINR Update

USDINR has good support at 63.20 spot and we see USDINR headed towards 64.18 in this month. Importers are advised to be hedged and avoid any open positions as we do not see significant weakness in USDINR and overall trend is up. Our longer term targets are between 68-72 within this financial year.

Crude Oil Update

Nymex Crude Oil has support between 46-48 and we recommend to Buy around these levels. Crude Oil derivatives also can be bought from current prices for targets of 72 $/BBL. Natural gas seems to be making a good bottom and as per astro cycle it could rally 20-30 percent in near term. Traders can keep a watch on Natural Gas. Proxy for that would be GAIL but wait for overall Nifty down targets to be achieved before we get into accumulation mode.

Sugar Sector Update

Sugar as told over past few months is nearing its bottom of a major cycle and a amazing bull cycle will begin in sugar stocks and international sugar prices. In India we will have two advantages 1st is sugar will be decontrolled by Dec 2016 (Please recall the current situation in sugar sector is same as that of IOC,BPCL and HPCL current situation cannot continue either Govt will have to decontrol sugar so that sustainable profitability comes back to the sector) and 2nd is raw sugar prices will sky rocket over next three years till 2019. Reiterate Buy on Bajaj Hind, EID Parry and Renuka Sugar.

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

Good Trading To You!