SGX Nifty 27th July 2015

SGX Nifty

74.30

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 Trend / Nifty Prediction / Stock Market Tips for 27th July 2015

SGX Nifty Trend today (24th July 2015) was down. Tech Mahindra, Bank of Baroda, Sun Pharma, Cipla, TCS, Idea, Asian Paints, Hero Motors, Kotak Bank and Bajaj Auto were in the green while Icici Bank, Wirpo, Tata Motors, Lupin, Vedanta, GAIL, State Bank of India, Tata Steel, Cainr India and Mahindra & Mahindra were in the red. Nifty finally closed lower by 68 points at 8521.

SGX Nifty Minor Trend is down. SGX Nifty Major Trend is also down. SGX Nifty resistance for tomorrow (27th July ) is at 8620 (Nifty Spot levels mentioned) SGX Nifty support for tomorrow (27th July ) is at 8477 (Nifty Spot levels mentioned) Nifty Break below 8474 could see intraday sharp fall on 27th July 2015. Extreme Caution is advised on long side. On any pullback we once again are recommending to exit positions in stock markets / Nifty Futures on lower side we will get much better levels and prices to Buy delivery in high quality stocks, do not be in a haste to buy at such heavy valuations. Traders must hedge long positions and avoid any open long positions in the Stock Market / SGX Nifty / Nifty Futures. Break below 8474 will immediately open gates for 8129 (NSE Spot Levels mentioned) . Since inversion has occurred both price and time will extend on the lower side.

Venus goes retrograde tomorrow ( 26th July 2015) and then Uranus goes retrograde. As per our studies these geocosmic signatures have an extremely high correlation for a top / crest being formed in world stock markets. Uranus retrograde has significantly high correlation to tops being formed in Nifty. When both these signatures are present in a consecutive manner the probability becomes even higher for a reversal to take place. Next week Mercury, Venus and Jupiter all will square Saturn (reduction) hence we could see sharp erosion of wealth in world stock markets. From a statistical stand point Jupiter squaring Saturn has a high probability for panic / distressed selling in the World Stock markets and especially SGX Nifty. Generally whenever this geocosmic signature takes place huge gap downs have been seen followed by continued panic selling through the day.

Reliance reported numbers on Friday 24th July 2015 gross refining margins were up and at a six year high.

USDINR Update.

USDINR trend today was up and closed at 64.03. Lot of people were stunned in the markets and were expecting action from Reserve Bank of India (Forex reserves for the week show RBI did intervene and tried to suppress the $ demand but was very easily absorbed) USDINR has support at 63.20 a mentioned and is headed for a target of 64.18 Spot. Importers are advised to remain hedged at all times as a fast move is possible in USDINR towards 1st week of Aug 2015. Longer term we expect USDINR to touch 68-72 range in this financial year. $ Index is looking good and may breakout above 98.5 anytime. If that breakout gets confirmed INR can very easily depreciate towards 64.42 in this week.

Crude Oil Update

Nymex crude oil has support at 46 and resistance at 72. For this financial year we see Crude Oil to be range bound between these two prices. Buy near 46-48 and sell near 72.

SGX Nifty Chart is enclosed below.

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