SGX Nifty 18th Sept 2015

SGX Nifty

-167.76

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 Futures / SGX Nifty Charts / SGX Nifty Live / Nifty Trend / Nifty Prediction / Stock Market Tips for 18th Sept 2015

SGX Nifty Trend today was positive. Nifty is now trading around 8000 levels. As per our analysis we maintain now we do not see risk reward favorable to buying at current levels. On 7th Sept 2015 when the full world was in panic and was talking about levels of 7200 we clearly predicted that Nifty will make a bottom between 7500-7600 and Nifty did turn up from there our Min targets were 7906 which was achieved on Wednesday 16th Sept 2015.

Please read the 7th Sep 2015 post here

http://www.mallavv.com/sgx-nifty/sgx-nifty-7th-sept-2015.html

From now we are once again cautioning investors / traders not to get on to longs. If you were stuck in long positions and as per our advice averaged positions now is the time to book profit and get on to as much as cash as possible. We do not see Nifty moving significantly higher from current prices. (And I know now the world is getting bullish again and that is one of the perfect indications that the rally is about to end. ) Details of levels and when to sell what to sell how much to sell what to hold in portfolio all details have been given to clients. The next few trading days most people will see moves that will surprise and stun everyone so please be careful. Trade safe with proper risk management systems and if you are not getting a hang of the markets please step away. You are not a liquidity provider and you do not have to trade every day. To make money Buy in Uptrend market, Sell in down trend market and stay away in choppy and sideways markets. Mercury is turning retrograde shortly and it going to create fast zig zag moves be careful and trade in and out. Keep booking profits regularly and avoid over trading.

SGX Nifty Minor Trend is up. SGX Nifty major trend is down. On rise towards small stop loss points or resistance it will be better to sell. Nifty support and resistance for tomorrow is at 7940 and 8130 Nifty 50 spot levels mentioned. (Details of levels will be updated live to clients)

FED / USDINR Update

FED has kept interest rates unchanged and continued the zero interest rate policy. Overall in the medium to long term this will impact INR and we see INR moving towards 72. (All details will be updated in the morning to clients). USDINR we will be buying on dips from now on. Reserve Bank of India is expected to cut rates by 0.25 bps shortly.

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

Good Trading To You!