SGX Nifty 23rd June 2015

SGX Nifty

97.90

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 23rd June 2015

SGX Nifty / Nifty Trend Today (22nd June 2015) was positive. Banking Sector was out performing Nifty 50 today. Punjab National Bank, Icici bank, Yes Bank, Bank of Baroda, Infosys, Tata Power, HDFC Ltd and State Bank of India were leading the Nifty 50 today while Bharti Airtel, Reliance Industries, Lupin, Idea Ultratech Cements , ONGC and ACC were dragging the Nifty 50 today on 22nd June 2015.

As per our analysis today was a very important time cycle and astro cycle resistance day (Jupiter Trines Uranus today 22nd June 2015) and Nifty was in place to make a top. As said before this geocosmic signature creates tops in the Stock Markets and we believe SGX Nifty / Nifty Futures has made a top today and now we can expect the downside to resume with supersonic speed anytime starting 23rd June 2015. Our Targets for Nifty is 7899 for this current move and Nifty will breach 7899 Min while max as per our calculations Nifty can go upto 7702. (we have advised our clients to Buy 8200 July Puts to manage volatility that will take place around expiry week). Please note that both Major Trend and Minor Trend remain down in Nifty 50 and this is a pullback and we have been recommending to use this pullback to exit stock market delivery positions and stock market derivative long positions. Significant price wise correction can be seen in Individual stocks on the move towards 7899.

USDINR Update 23rd June 2015

USDINR trend today was showing signs of reversal. As per our USDINR trend and USDINR prediction our view remains the same. Overall target is 72 and current pullback looks like it has come to aend. We have advised trading long positions in USDINR at 63.60 and 63.54 in 2 parts with SL 63.42 June Future levels. It will be prudent to hedge positions as targets for the upside are 65+

Crude Oil Update 23rd June 2015

Crude Oil we Reiterate our target of 72. IN this calender year we do not expect Nymex Crude Oil to break 48-72 so it will be range bound for this year. On 12th June Neptune ruler of Crude Oil turned retrograde and effects were seen in Crude Oil (It gave a classic pullback along expected lines ) We see this pullback ending around 57-56 $ ?BBL and then again a up move to resume taking Nymex Crude Oil towards 72. Overall on rise towards 72 EXIT Oil & Gas and energy sector stocks as a very negative time cycle will begin for this sector from around Oct-Nov 2015. Avoid Oil & Gas sector for long term investments. Overall this week crude oil will be range bound between 58-63 with bullish bias.

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