SGX Nifty 16th Oct 2015

SGX Nifty

188.17

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 / Share Market Tips for 16th Oct 2015

SGX Nifty Opened higher today. SGX Nifty Live price Indicates sideways corrective Trend to continue. Share Market Tips / Advice is to Buy on dips but at appropriate points with proper risk management systems. Nifty today closed positive up by 72 points at 8180. Overall it was a lackluster day with Nifty spending most of its time between 8160-8190. Nifty 50 Spot Levels Mentioned.

Nifty 50 Constituents

ZEEL, BHEL, Bank of Baroda, Tata Motors, BPCL, Tata Steel, Yes Bank, Maruti, GAIL and Hero Motors were leading the Nifty 50 today while Hindalco, Cipla, M&M, Wipro, Hindustan Lever, TCS, NTPC, ACC, Tech Mahindra and Bosch Ltd were under performing and dragging the Nifty 50 today.

SGX Nifty / Nifty Futures Trend Minor Trend Is up. SGX Nifty / Nifty Futures Major Trend is also up. Nifty support and resistance for tomorrow is at 8010 and 8256. Tomorrow 16th Oct 2015 will be very volatile as per astro cycles so caution is advised. Trade light at least for tomorrow. The current structure is clearly indicating a corrective wave and overall we expect up trend to resume in the next 3-4 trading sessions but before we resume up move we will see some volatility on Friday 16th Oct and first half on Monday morning the important point is to be safe and manage positions during that volatility. (Details of when to buy what to buy how much to buy are given to clients)

USDINR Update

USDINR Trend remains down. Both Minor Trend and Major Trend are down and we have a target of 62.50 Spot for USDINR. Longer Term we still see 70-72 but in the near term we see 62.50-63 range being tested. Importers will be updated well in advance of hedging to be done.

Sugar Sector Update

Reiterate Buy and Hold Renuka, Bajaj Hind and EID Parry. Use dips to Buy / Accumulate sugar stocks and hold. We once again mention that we see sugar decontrol by Dec 2016 and even before that many other triggers will come out supporting sugar sector. Many initiatives will be tried by Govt but they will not fix the longer term problems hence eventually decontrol will happen. In the mean while we see international raw sugar prices moving significantly higher. Bottom line is all the stocks mentioned here will have at least given 5X returns before Dec 2016.  We have completed the identification of the next multi bagger sector and shortlisted 4 stocks from that sector more details will be given to PAS clients by late evening today.

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

Good Trading To You!