SGX Nifty 22nd Sept 2015

SGX Nifty

74.30

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 22nd Sept 2015

SGX Nifty / SGX Nifty Futures trend today was flat. Based on weak Global cues SGX Nifty opened lower but started pulling back through the day and finally closed the day flat at 7944 down by 4 points. Our view on the Indian and Global Stock Markets remains the same that from current prices we do not see a run away in prices and we could resume the down cycle that started on 4th March 2015 anytime, we are waiting for final confirmation for the same. As per time cycle and astro cycles / Nifty Prediction I have been saying after 25th Sep 2015 we could see panic and sudden irrational moves coming out of nowhere thanks to Mercury Retrograde most people will be trapped soon and badly on wrong side of the trend so I am repeatedly warning be careful and trade safe. Lets take a look at what all is lined up over next few days. Mars will square Saturn. Mars represents aggression Saturn represents Reduction. Then Pluto goes direct Pluto represents destruction. And on the weekend 27th Sep 2015 total lunar eclipse with moon at perigee (means closest point to earth) which simply means further amplification of existing energy and all this when Mercury is retrograde which means it will keep trapping people on the wrong side on the Main Trend. (Main Trend is down means people will keep getting trapped on the long side). As per Elliot wave is concerned the previous move from 7540-8055 is clear corrective wave and hence even Elliot wave analysis is showing pullback is coming to a end (it may still marginally go higher than Fridays top of 8055 it is possible but not necessarily will go above 8055 and on higher side we do not recommend buying). Anyways trade light and trade safe will be our mantra for next few trading days.

SGX Nifty Minor Trend Is Neutral.  SGX Nifty Major Trend is down. Nifty support and resistance for tomorrow is at 7885 and 8130. Use rise to book profits.

USDINR Update

USDINR is nearing the bottom and we have advised importers to begin hedging. Our longer term view is INR will depreciate towards 72-70. Hence it will be in the best interest to remain hedge for import contracts done. We are awaiting a reversal confirmation for USDINR. Severe divergences have been seen and whenever such divergences have been seen the next move has been very fast. Extreme caution is advised.

Crude Oil Update

Crude Oil is breaks and closes below 43 then we will be in for a real mess and it will touch 21-20 $/ BBL by 25th Nov 2015. (I will confirm the same once 43 is taken out)

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

Good Trading To You!