SGX Nifty 28th Aug 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 28th Aug 2015

SGX Nifty Trend today was positive. Based on Asian Stock Markets SGX Nifty opened higher and then continued building on the positive opening finally Nifty closed at 7949 higher by 157 points. Pullback has given bulls some relief after the supersonic fall seen on Monday. HDFC Ltd, Cairn India, Vedanta, NMDC, Ambuja Cements, Bank of Baroda, BPCL, Tata Steel, Lupin and Kotak Bank were leading the Nifty 50 today while BHEL, Bajaj Auto, TCS, Wipro, Hero Motors, Maruti, NTPC and Ultra Tech Cements were underperforming the Nifty 50 today. Nifty has a important time cycle resistance on Friday and Monday so once again on higher side caution is advised. Nifty Resistance for tomorrow is at 8040-8065 (Nifty 50 Cash / Spot Levels Mentioned) Nifty Spot support for tomorrow is at 7860.

SGX Nifty Minor Trend is Neutral. SGX Nifty Major Trend remains down. Overall Zig-Zag patterns could be seen over next 2-3 days so it will be prudent to trade in and out rather than just holding positions. Longer term charts indicate all Major Stock Markets Major supports have been taken out very convincingly and now it remains to be seen how Stock Markets around the globe respond to post mayhem scenario. Some traders / investors are expecting a V shaped recovery but I would say let the charts confirm it will not pay to guess and it will be better to be safe than sorry because if you get it wrong from now there is no way out other than booking huge losses.

USDINR Update

USDINR we recommended our clients to exit hedged positions for the short term day before yesterday. Overall we are in wait and watch mode for USDINR and are awaiting some important confirmations. Chart transcript is given below for ready reference

[8/25/2015, 9:28 AM] +91 92222 94707: USDINR continue holding rem qty till next update
[8/25/2015, 11:30 AM] +91 92222 94707: USDINR Book Profit In Open Positions.
[8/25/2015, 11:30 AM] +91 92222 94707: Exit USDINR Totally No Open Positions In USDINR
[8/25/2015, 11:30 AM] +91 92222 94707: Confirmation USDINR Positions Closed
[8/25/2015, 12:14 PM] +91 92222 94707: USDINR Sell 1 Part @ CMP SL 66.89 Aug Fut Lvl
[8/25/2015, 12:15 PM] +91 92222 94707: Confirmation USDINR Sold 1 Part @ CMP SL 66.89 Aug Fut Lvl
[8/25/2015, 12:37 PM] +91 92222 94707: USDINR Book 50% of Part 1 & Trail Rem Qty To 66.89 Aug Fut Lvl
[8/25/2015, 12:37 PM] +91 92222 94707: Confirmation USDINR Booked 50% Of Part 1
[8/25/2015, 1:53 PM] +91 92222 94707: Positional Trade Update USDINR Hold Rem Qty Till Next Update
[8/25/2015, 1:53 PM] +91 92222 94707: Positional Trade Update Nifty Sept Fut Hold Rem Qty Of Part 1 Till Next Update
[8/25/2015, 2:19 PM] +91 92222 94707: USDINR Exit Remaining Shorts
[8/25/2015, 3:00 PM] +91 92222 94707: USDINR Buy 1 Part @ CMP
[8/25/2015, 3:00 PM] +91 92222 94707: USDINR Buy 2nd Part @ 66.11 SL 66.08 Aug Fut Lvls Given
[8/25/2015, 3:01 PM] +91 92222 94707: Confirmation USDINR Bought 1 Part
[8/25/2015, 3:35 PM] +91 92222 94707: USDINR Book 50% Of Part 1 Bought & Trail remaining to 66.08 Aug Fut & Hold remaining Qty
[8/25/2015, 3:35 PM] +91 92222 94707: Confirmation USDINR booked 50% qty
[8/25/2015, 3:51 PM] +91 92222 94707: USDINR SL Hit For remaining QTY
[8/25/2015, 3:52 PM] +91 92222 94707: Confirmation No Open Positions In USDINR Now
[8/25/2015, 4:02 PM] +91 92222 94707: Importers Please EXIT positional hedging in USDINR

Shemitah, the last year of a seven-year cycle in the Jewish calendar, has several times in the past brought immense financial hardships to the world. So for most traders and investors this has been a fairly new information however as per our time cycle and astro cycle analysis Uranus Pentagram anyways shows that 2015 is not going to be a good year for investments. So if we go back and see and have a look at Uranus Pentagram Panic years then 2015,1997,1976,1958 all have been panic years. Let’s see how longer term structure pans out and how durable is the current pullback.

Good Trading To You!