SGX Nifty 23rd Nov 2015

SGX Nifty

188.17

SGX Nifty Nov Futures

11,926.25 -17.45    -0.15%

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 23rd Nov 2015

SGX Nifty Minor Trend is oversold. SGX Nifty Major trend is up/ bullish. Maintain Nifty Dec Target 8600. As per our stock market analysis we do not see any significant fall in the Indian Stock Markets and we have been recommending / advising to buy all dips in Indian Stock Markets / Nifty Futures for the final tezi / bullish cycle of this year. Yesterday we had mentioned to our clients during live trade that there is a minor resistance around 7920 and we could see a minor pullback from 7920. Now looking forward next week as per astro cycles and time cycles combined the final trend reversal confirmation will be in place once Nifty moves past 7930 spot Nifty level. If 7930 is crossed do not remain short under any circumstances as Nifty will begin zooming towards 8600 and many of the short sellers will get trapped badly. We do not even see any way for them to curtail losses as Nifty will begin very fast move on the upside. I do not know what Share market News will be the reason to take Nifty towards 8600, around 7750-7700 Nifty spot levels I was clearly saying price and astro cycles are indicating upward move and we do not see any significant down move. We has mentioned that keep trading and push your costing lower. Now once 7930 spot is taken out we will get final confirmation of the trend reversal and even SGX Nifty / Nifty Futures Minor Trend will turn positive. So all dips have to be bought into and not the other way round what Janta / most of the traders are doing. (Most traders are short selling Nifty Futures / Few selected counters and it is very clearly evident from the open interest positions)

Nifty spot supports 7825 and 7758 and resistance for tomorrow 7930. Once 7930 is taken watch fire works on the upside. Once 7930 is taken out with volumes it will be safe to assume a short term bottom is in place around 7700 Nifty spot levels mentioned.

Many traders and investors have been asking me what it looks like one year forward for equities and my answer is that we do not see Nifty moving anywhere rather till at least next Diwali (Diwali 2016) we see Nifty in a broad range of 6800-9100. So in short and sweet it will be a trade in and out market and we are very clear that buying and holding will not make any money. You will have to get into long positions on the lower side below 7400 and on the higher side book profits ahead of 8800 and then short Nifty Futures or weak stocks on the higher side. Hence stock selection will also play a very important role. As for our advise we always prefer Nifty Futures and Options as it can be easily hedged and it liquid enough to enter and exit at one price. For Diwali 2016 we see Nifty around 7800-8200. It will be somewhere near current prices. Sugar sector will do very well in this time due to super cycle starting from 15th Dec 2015.

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

Good Trading To You!