SGX Nifty 23rd Oct 2015

SGX Nifty

188.17

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 Live / Share Market Tips for 23rd Oct 2015

SGX Nifty is indicating a positive opening tomorrow in the morning as global markets are heading for a 1-2 percent close in the green. Some traders who are short since 7900-8000 (not our clients but a certain segment from the Stock Market traders fraternity is short since 7900-8000) and looking at the SGX Nifty they are now getting into panic and that is exactly the signal we have been waiting for. Most of those shorts are going to get squared up tomorrow. We have clearly mentioned that from 29th Sept 2015 Trend has turned up / bullish. 

SGX Nifty Opened flat today. Share Market Tips / Advise is to Buy and Accumulate Bajaj Hind, Renuka Sugar & EID Parry On Dips and avoid fresh longs at higher levels. Overall Nifty today was moving between 8100-8200. As per our Stock Market analysis we once again recommend now to wait for a dip in Nifty Futures / Nifty 50 to begin accumulating / Buying. As of now we are expecting a corrective dip in the Indian Stock Markets and only after the corrective dip ends should we resume buying for medium term. As per our Nifty Prediction we do not see any significant upside in the Nifty 50 / Nifty Futures for now and if we do get small stop loss points or low risk entry points we will look to short this market. Please keep in mind that it will be prudent to book profits at regular intervals during the dip also. This is not a short sell and hold trade as over all main Trend in SGX Nifty / Nifty Futures is Up / Bullish. Nifty has important time cycle resistance on Friday 23rd Oct 2015 and on Monday 26th Oct 2015.  If Nifty 50 / Nifty Futures begins fast fall then please be very careful and avoid buying blindly as in that scenario we could see a fast 300-450 point fall. Hence if you are trading only on the basis of this post then keep proper stop loss and trade.

SGX Nifty Minor Trend is Neutral. SGX Nifty Main Trend is Up. Nifty support and resistance for tomorrow is at 8140 and 8325. Nifty 50 spot levels mentioned.

Sugar Sector Update

Sugar Sector continued it outperformance in style. We once again Maintain BUY / Accumulate Sugar stocks especially Renuka Sugar, Bajaj Hindustan and EID Parry all these three front line stocks will zoom and give phenomenal returns over next three years. We have amply and clearly told yesterday that this is not even the inception point in the rally and we are going to see significant upsides (Targets and details have been given to our clients). Lot of traders / Investors have asked me for PAS upgrade and we will provide details shortly to them for a nominal monthly fee there will a provision to receive all Long term delivery calls.

USDINR Update

USDINR short term trend remains down and currently a pullback is going on, we expect the pullback to continue towards 65.70-66 spot. Few days back we had mentioned that “USDINR has a critical support around 64.25-64.35 spot and if it holds that support for 4 trading days then we could see another up move in USDINR” Once again our analysis is proving to be spot on. Overall what USDINR does around 65.70-66 spot will be a decider. Importers have been told to hedge positions if payments have to be done before 12th Nov 2015.

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

Good Trading To You!