SGX Nifty 17th Nov 2015

SGX Nifty Live

-178.32

SGX Nifty Nov Futures

11,862.25 -1.00    -0.01%

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 Futures 17th Nov 2015

SGX Nifty / Nifty Futures Minor Trend is oversold. SGX Nifty / Nifty Futures Major Trend Is up / bullish. As per our Stock Market analysis / Nifty Prediction Nifty Target for Nov is 8100-8000 and Nifty Target for Dec 2015 is 8600 (Nifty 50 spot levels mentioned). As per our Nifty Prediction we expect Nifty to start moving higher now from here and we are awaiting final confirmation of Minor trend reversal confirmation. Risk reward also favors buying on dips with proper risk management rather than selling the rise. Open Interest positions / data indicates that general public / Janta is selling the Indian Stock Market on rise and we are not in the camp which feels 7400-7200-6800 is coming as of now in this current round. We are absolutely clear that Nifty will test 7400-7200 and may be even 6800 but not now it will happen only after one round of final tezi that is pending. As mentioned yesterday there are powerful geocosmic signatures lined up in the coming week whose orbit of influence begins today on 16th Nov 2015 and we expect Nifty will be making a higher bottom during this time cycle support. It is very important time cycle support as it is a 5 star critical reversal zone and with all the other combinations like sentiment indicators and various other technical studies it is amply clear that Nifty is now ready to trap all short sellers and move higher. Extreme caution is advised for short selling as up move could begin in fast manner. Plan your trade accordingly and use dips to accumulate on lower side.

Today morning SGX Nifty / Nifty Futures opened lower on weak global cues made a low of 7714 spot Nifty (7715 was our support for today) and then started rallying, finally Nifty closed the day higher by 44 points at 7806 . Nifty support 7715 and resistance for tomorrow is at 7901.

Overall combination of astro cycles, Gann Wave, Elliot wave and time cycle all are pointing in the same direction and conveying the same message that Nifty is headed higher from here with very limited downside. We are long in 2 parts Nifty having average of 7795-7800 Nifty Nov Fut Levels Mentioned and on dips we will be buying / adding 2 more parts. (When to buy what to buy how much to buy all details have been communicated to our clients). Our sincere request is avoid listening to brokers / analysts who are calling dooms day scenario these were the same people who were bullish last month at 8300. These people will tell you to buy and hold x y z counter but they do not know that overall only those traders will make money who will keep trading in and out and adjusting / churning of portfolio those who are going to follow buy and hold strategy will not make any significant money with the exception of sugar sector.

Nifty 50 Constituents

GAIL, Tata Steel, Vedanta, Dr Reddy, State Bank of India, Punjab National Bank, ITC, M&M, Icic Bank were leading the Nifty today while Coal India, Hindustan Level, Tata Power, Hero Motors, Infy, Axis Bank, TCS were dragging the Nifty today. Tata Motors could outperform more details will be given to clients once we get final confirmation.

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

Good Trading To You!