SGX Nifty 26th May 2015
SGX Nifty today (25th May 2015) traded with a negative bias and ended the day lower by 89 Points. SGX Nifty Tomorrow (26th May 2015) has a very important day. If Nifty spot breaks 8320 before 11.27AM then it will signal mayhem in the markets. (Nifty will touch 7961 then within May series so expect fast and sharp decline in that case More details will be updated to clients live during market hours). As per our Nifty prediction and Nifty trend Minor Trend is up and major trend is down. Break below 8320 Spot Nifty Minor trend will also go down and Nifty can be sold at small stop loss points or low risk entry points. If 8320 Breaks please not do not any long positions as it will be a signal for Nifty heading towards 7631 eventually and Nifty will remain and be sell on rise and exit longs on pullback. As told before also as per financial astrology SGX Nifty is in a down time cycle lasting minimum till 10th July 2015. Till then avoid any bottom fishing or value buying for long term. For trading trade as per levels mentioned with small stop losses and money will be made with proper risk management system.
USDINR impex traders please be hedged in Nifty breaks 8320 on 26th May 2016 it will signal USDINR heading towards 65.31 Spot. For trading I will provide live levels and updates during market hours to clients.
Reiterate Buy and Hold Bajaj Hindustan, Renuka Sugar and Eid Parry. We expect this sector to blast after 10th July 2015. Currently it’s in accumulation phase and we advise and recommend to use all dips and declines to Buy and Hold. (Most agro commodities will bottom in this year and start fresh bull runs towards 2019)
Crude maintain our Target of 72$/BBL. Oil & Gas sector is expected o benefit from this. Overall range for crude will be 44-72 for this year.
SGX Nifty Constituents 26th May 2015
Wipro, ONGC, Bharti Airtel and M&M were among the gainers, and HDFC, GAIL, Vedanta, ITC, and Tata Steel were among the losers today within Nifty today.
INDIA VIX was down 2.03% at 16.603. It hit a high of 17.70 and a low of 14.68.
24 stocks hit fresh 52-week high, while 46 hit 52-week low on the National Stock Exchange today (25th May 2015) More details and updates will be given by late night.
SGX Nifty Updates will be given as and when possible. For details of our advisory services feel free to call me on 9222294707.
Good Trading To You!