SGX Nifty 24th June 2015

SGX Nifty

188.17

Index Last High Low
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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 24th June 2015

SGX Nifty / Nifty Trend Today (23rd June 2015) was positive. SGX Nifty opened at 8383 then fell to 8335 and then consolidated for remaining part of the day around 8380 (Nifty 50 Spot Levels Mentioned). Coal India, Punjab National Bank, Ultratech Cement, Cipla, Bank Of Baroda, Larsen, Mahindra & Mahindra, NTPC, Kotak Bank and Bharat Petroleum were out performing Nifty 50 while Hero Motors, Infosys, Lupin, Power Grid corporation, Bharat Heavy (BHEL), Tata Motors, NMDC, Tata Consultancy Services (TCS), Indus Ind Bank and Wipro were seen dragging the Nifty 50 today.

As per our analysis we maintain our Negative outlook on Indian Stock Markets and we maintain that negative time cycle that started on 4th March 2015 at 9120 will continue at least till 10th July 2015- 15th July 2015. We do not recommend Buying Nifty 50 / SGX Nifty/ Stock market Delivery positions at least till 10th July. (When to buy what to buy where to Buy how much to buy and what to do all details will be given to clients) If you are trading only on the basis of this post please understand I am sharing my view based on personal understanding of the Stock Markets. To make money most important aspect is the Stock Market is risk management. We reiterate and maintain our Targets of 7899 Min by 10-15th July 2015. We are currently suggesting Buying Puts to manage risk and trade the overall last leg of the down trend. Nifty can come up even from here not significant but marginally it is still possible since wave seems to be extending. Reiterate Min TGT 7899 Max TGT 7631 by 10-15th July 2015. On 15th July 2015 Jupiter changes signs and enters Leo. Nifty will enter a bullish phase from there on for next few months. Both major trend and Minor trend remain down and we do not see significant upside from here. It must be understood that when Nifty 50 was at 7991 we clearly mentioned that pullback is possible till 8250-8300 that pullback has got extended that is all. TGT 7899 by 15th July 2015. Current bottom of 7941 will be breached on or before 15th July 2015.

USDINR Trend For 24th June 2015

USDINR has resumed it’s up move. Overall USDINR is expected to cross 65+ by 15th July 2015. USDINR has good support between 63.42-63.55 June Future Levels Mentioned. As advised / recommended we have told our clients to be hedged. Avoid open positions. For short term trading we expect USDINR to touch 65+

Bank Nifty / Bank Nifty Trend / Bank Nifty Prediction / Stock Market Tips For 24th June 2015

Bank Nifty Trend today was positive. Indus Ind Bank and Federal Bank were underperforming Bank Nifty today while Public Sector Banking stocks like State Bank of India, Punjab National Bank, Bank of Baroda and Canara Bank were out performing Bank Nifty today. Bank Nifty Minor and Major Trend remain down and we do not recommend / advise any exposure to this sector for the time being.

For details of our portfolio advisory services or Nifty 50 advisory services feel free to call me on 9222294707.

Good Trading To You!