SGX Nifty 25th May 2016

SGX Nifty

LTP  8,576.00   -128.00   -1.49% High 8,710.00 Low 8,546.50

SGX Nifty

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SGX Nifty 25th May 2016

SGX Nifty / Nifty Futures continued slow grinding moves most of which was without any volumes and this is exactly what we have been saying that till 29th May 2016 we do not see much trending moves to take place.  Overall as per our analysis / Nifty Futures Tips given to our clients we have been saying that at this juncture there is no point in being long. As per our Nifty Prediction / Nifty view remains the same that on rise if any exit trapped longs and short sell Nifty Futures better still sell next month Calls as you will get time value protection from them.  

Nifty Share Price / Nifty Charts are showing signs of fatigue and tiredness and are not even giving any substantial pullbacks (have patience the pullbacks will keep coming from time to time as we have been predicting but keep in mind that when those pullbacks do come use them to go short on Nifty Futures / Nifty June calls or exit trapped long positions. We reiterate that we do not see Nifty Futures sustaining on the higher side and we expect Nifty Futures to keep making classic lower tops and lower bottoms and then move lower towards our eventual targets. Once again we are saying that please understand our view is valid for the next few months not for only tomorrow or the next one week. Overall we see that the next few months will not give longs much or rather any money. Money will only be made in being short or selling at appropriate points (selling anywhere and anyhow will also not make much money, tactical deployment of capital is needed during pullbacks or counter trend moves. If you are trading only on the basis of this post kindly use appropriate risk management and then only trade). Whenever there is any positive news trigger that could lift the short term sentiment and that in turn could create a pullback those pullbacks must be used to short sell Nifty Futures / Nifty next month calls.

Nifty spot support and resistance for tomorrow is at 7670 and 7820. On rise exit longs and go short.  On dips accumulate Ugar sugar, Renuka sugar, eid parry, bajaj hindustan, msl , tata coffee all these stocks will do very well in the coming time.

Good Trading To You!

[09:24, 24/5/2016] +91 90040 79145: GM
[09:24, 24/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Shorts & Nifty May Futures Hold 1 Part Short. Hold Positions as told till next update
[09:25, 24/5/2016] +91 90040 79145: Only 1 part active
[09:26, 24/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Short
[09:28, 24/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Short
[09:28, 24/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Short
[09:28, 24/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Short
[09:30, 24/5/2016] +91 90040 79145: wait for msg to sell more
[10:07, 24/5/2016] +91 90040 79145: Volume missing today also
[10:07, 24/5/2016] +91 90040 79145: Pl finish your other work don’t waste time in front of the screen if anything has to be done I will update
[12:18, 24/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Short
[12:18, 24/5/2016] +91 90040 79145: Nothing to be done now
[13:46, 24/5/2016] +91 90040 79145: Hold Usdinr 1 part long
[14:30, 24/5/2016] +91 90040 79145: Roll usdinr if not done
[15:21, 24/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Short
[15:49, 24/5/2016] +91 90040 79145: Good Evening Nifty Update For 25th May 2016                       http://www.mallavv.com/category/sgx-nifty