SGX Nifty 27th 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 27th Oct 2015

SGX Nifty opened positive today. Nifty Futures is overbought as indicated in our Nifty Prediction. Stock Market Tips is to Buy on dips. Nifty opened higher today based on positive global cues and then started sliding lower through the day. Finally Nifty 50 closed the day lower at 8260 down 35 points. We have been recommending to avoid buying fresh at higher levels and once again we reiterate our view that we not see Nifty Spot sustaining above 8350 and we do expect a corrective dip to begin anytime, the corrective dip could even extend to 450 points if certain parameters are meet hence if you are trading only on the basis of this post then please trade with proper risk management systems or proper stop loss points. Today Nifty 50 / Nifty Futures did shown signs of pullback beginning and we will wait for final confirmation to see what kind of structure Nifty is making. I know most traders are stuck in shorts done at 7800 onwards and on rise most of them have kept adding short positions. Most of the shorts have got out of the system today in the morning but some shorts still remain our advise to these traders is on keep trading in and out in your existing positions or else you will not be able to get out of your positions even at cost. Once again always note the Main / Major Trend and follow rather than trying to call the top. On friday 30th Oct 2015 Sun Trines Neptune. This is a levels 1 geocosmic signature so trend change is likely around Friday in a orbit of 7 trading days.

SGX Nifty Minor Trend is overbought. SGX Nifty Major Trend is up. Nifty support and resistance for tomorrow is at 8192 and 8351 Nifty 50 spot levels mentioned. If we do get low risk entry points or small stop loss points we will add to our existing short positions. The current move on the downside will be trade in and out wave and we do not recommend a sell / short sell and hold strategy. Keep booking profits at regular intervals. IN our previous post we did mentioned that 23rd Oct and 26th Oct 2015. Tomorrow Full Moon could further add to downward pressure that has been building up. Oil and Gas sector looks like will underperform Nifty in this down move.

Sugar Sector Update

Sugar stocks did pullback and such pullbacks are welcome since they will give a buying opportunity to traders / investors who are left out. We will provide detailed guidance to our clients as to when add more buying positions. Longer term we once again reiterate our view to Buy and Hold Renuka Sugar, Bajaj Hindustan and EID Parry.

USDINR Update

USDINR minor trend is up and Major Trend is down. We expect USDINR pullback to continue towards 66/65.70 spot levels mentioned. More details will be given to clients later in the next few days.

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

Good Trading To You!