SGX Nifty 19th Nov 2015

SGX Nifty

161.77

SGX Nifty Nov Futures

11,946.00 +46.35    +0.39%

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 19th Nov 2015

Sorry for the delayed update there were some technical connectivity issues and hence we could not update before. SGX Nifty Minor Trend Is Oversold. SGX Nifty Major Trend is Up / bullish. Nifty Target for Dec 2015 is 8600. Use Dips to buy and hold Nifty longs. Today we have added 3rd part long positions in Nifty Nov Fut if comes lower then we will be adding 4th part also. As told before we are in a critical time cycle / astro cycle reversal zone and as per our Stock market Analysis we see Nifty making a higher bottom and moving higher rather resuming its upward trajectory that started on 29th Sep 2015 this bullish move / up move will be the final tezi cycle as per our analysis and Janta is continually selling the rise and we do not feel that is the right strategy especially looking at the open interest positions which is clearly indicating most of the participants are short and heavily short we see a massive short covering rally also shortly in the next few trading days hence short sellers extreme caution is advised. Overall risk reward ratio favors buying on dips and building long positions for the final tezi cycle. I know there are way too many people who are not even seeing 8000 and they are in extreme doubt as to how 8600 will come and what share market news will trigger such a kind of a bullish move. (even I do not know what share market news will come and what specific news trigger will push Indian Stock Markets and Global Stock Markets higher but the bottom line is all our studies are amply clearly showing enough divergences and clear signals all pointing towards 8600). Today on lower side we have initiated buying in PAS also (Portfolio advisory services) we have recommended a few stocks that we feel will be leading the Nifty towards 8600 spot Nifty levels mentioned and also we have recommended one mutual fund for spread buying.

Nifty support and resistance for tomorrow is at 7650 and 7920 regular readers of this website may recall that we were probably the only ones who were consistently recommending selling Nifty between 8290-8350 and we were very clear that Nifty will not sustain above 8350 that time this time too we are crystal clear that current move is absolutely a clear buying opportunity and superb profits can be earned only if buying is done on dips. (Please note this is not a buy and hold trade if you are trading on the basis of this post alone please use proper risk management and trade)

SGX nifty today morning had opened flat and continued trading flat for the first half of the day however in the second half we did see Nifty sliding and making a low of 7725 spot Nifty levels. Accumulate / Buy on dips

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

Good Trading To You!