SGX Nifty 22nd July 2015

SGX Nifty

-109.99

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 22nd July 2015

SGX Nifty / Nifty Trend today was down. SGX Nifty ended the day lower at 8529 down 74 points from previous close (Nifty Spot Levels Mentioned). Infy, Bharti Airtel, HCL Tech, Wipro, ZEEL, Bajaj Auto Ltd, BHEL, Hero Honda and Coal India were in the green while Sun Pharma, Lupin, Vedanta, Asian Paints, Ultratech Cements, Ambuja Cements, ONGC, Tata Power, Tata Steel and Cairn India were in the red. 966 stocks were advancing while 1836 stocks were declining giving clear indication of overall trend in the Stock Market today.

SGX Nifty Trend is down. Nifty Minor Trend is down and Nifty Major Trend also is down. We have been clear that this pullback in Nifty / Stock market will end shortly and we are on the verge of getting final confirmation of the same. We reiterate that we do not expect pullback to sustain on higher side and we are very clear as per our analysis that Inversion has been confirmed which has historically extended price and time on the downside. (Details of levels etc have been given to clients). Once final confirmation is there down cycle started on 4th March 2015 will resume and again Nifty / Stock Markets will keep making lower tops and lower bottoms. Use pullback if any to hedge or exit positions. Nifty support for tomorrow is at 8450-8420 (Nifty spot levels mentioned) Nifty resistance is at 8630-8652.

Bank Nifty / Bank Nifty Trend / Bank Nifty Prediction / Stock Market Tips for 21st July 2015

Bank Nifty Trend today was down. Yesterday we had clearly written of divergences seen as per our analysis and we had clearly mentioned to avoid this sector for the time being. Public Sector Banks are looking weaker at this current juncture.

USDINR Update

USDINR has support at 63.20 a mentioned and in this current move we are expecting a target of 64.18 Spot. Importers are advised to remain hedged at all times as a fast move is possible in USDINR towards 1st week of Aug 2015.

For details of our advisory services please feel free to call me on 9222294707.

Good Trading To You!