SGX Nifty 14th Aug 2015

SGX Nifty

78.69

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 14th Aug 2015

SGX Nifty Trend today was flat to positive. Nifty opened higher and made a high of 8429 and then started falling steadily with volatility. Finally Nifty ended the day marginally higher at 8355 up by 6 points. Yesterday we had mentioned this “Tomorrow second half is positive as per astro / time cycle hence fresh selling / shorting at lower levels must be avoided. If we get small / low risk entry points we may look to enter long positions for short term / intraday but once pullback is over down move will resume again” We once again maintain our view that Nifty will not sustain on higher side and on pullbacks we must use rise to exit trading long positions or at least hedge current long positions. SGX Nifty Minor Trend Is down. SGX Nifty Major Trend is also down. Nifty Spot support for Friday 14th Aug 2015 is at 8290. If 8290 breaks with volumes tomorrow then expect fast fall towards 8240-8200. Nifty Spot resistance for tomorrow is at 8452-8472. (Nifty 50 Spot Levels Mentioned). Monday 17th Aug 2015 is a astro cycle / time cycle negative day we may see panic selling on Monday 17th Aug 2015 if certain criteria is fulfilled. (If parameters are complete on Friday or Monday morning I will update to our clients via whats app)

Bank Nifty looks more weak than Nifty Futures / SGX Nifty and we could see a panic of 700-1000 points in Bank Nifty in the next 7-10 days. Extreme caution is advised in Bank Nifty / Banking Sector both Private Sector Banks and Public Sector Banks.

High valuations, Low growth, INR depreciation, Exports contracting and slow reforms process in this kind of background equities have never done well historically and we do not see a different picture this time around also. We maintain our view that we will get equities at much better valuations to Buy and hold. As of now It is better to park money in liquid funds or go to fixed income and wait for better valuations. With the exception of sugar sector we do not recommend buying into India Stock Markets. It will be prudent to wait for better valuations for long term delivery buying.

SGX Nifty Constituents

Mahindra & Mahindra, Tata Power Ltd, Cipla, Sun Pharma, Lupin Axis Bank, BPCL, Maruti, Coal India Ltd and State Bank of India were in the green today while Vedanta, Tata Steel, Hindalco, Bosch Ltd, NMDC, Bharti Airtel, Idea Cellular, Grasim Industries, GAIL and Wipro were dragging the Nifty 50 today.

SGX Nifty Chart Is Enclosed Below

Good Trading To You!