SGX Nifty 28th May 2015

SGX Nifty Futures

-60.03

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 28th May 2015

SGX Nifty Trend was flat. After a gap down opening in the morning Nifty recovered and then was range bound between 8340-8308 for most of the day Cash Levels mentioned. SGX Nifty has resistance at 8360-8340 Spot Nifty levels mentioned. Nifty Today’s (27th May 2015) low once broken Nifty will test 7800-7900 and if today’s low is taken out before 11.59AM tomorrow (28th May 2015) then expect fast fall to 7800-7900. As per our SGX Nifty Prediction and SGX Nifty Trend is down. Both Major trend and minor trend are down. On 28th May 2015 around second half panic selling is possible due to certain F&O Open interest positions trade carefully as volatility may suddenly spike up.

Bank Nifty 28th May 2015

Bank Nifty Trend was positive. After making a low of 18236 Bank Nifty went higher to 18562 and closed at 18538 (Bank Nifty Spot Levels). As per our Bank Nifty Prediction and Bank Nifty Trend is down. Both Minor Trend and Major Trend remain down. On pullback days like the one we had today rise must be used to exit trapped long positions and reduce exposure to the sector. Both Public sector Banks and Private sector banks should not be part of your portfolio. As of now there is down cycle in Bank Nifty at least till 10th July 2015 within that negative cycle there is one positive cycle that will begin from 2nd June 2015 and last up to 15th June 2015. During this time we might trade long in Bank Nifty but around 14th-15th June 2015 but we must start selling again around 14th June 2015. (More details to our clients when to do what to do all details will be provided). That will be final chance to exit positions after which Bank Nifty can even fall by 20 percent.

Bank Nifty Constituents 28th May 2015

Banks were rallying today, among winners HDFC Bank Axis Bank Icici Bank and State Bank Of India were up between 1-2 percent. Most bankers are expecting a rate cut on 2nd June 2015 but we are not in that camp as of now we will watch USDINR closely if USDINR reaches 65.30 then only we expect a rate cut to happen.

USDINR 28th May 2015

We have been recommending to hedge positions and hope Impex Traders have gained from our advice. USDINR our target is 65.30 for current move. We have started daily short term and positional trading in USDINR aggressively and are long USD as of now. As usual our strategy is to enter at low risk entry points and follow the trend until we see a reversal in trend or extreme over bought or extreme oversold conditions.

Buy and Hold Bajaj Hindustan, Renuka Sugar and Eid Parry all these stocks will blast after 10th July 2015.

SGX Nifty and Bank Nifty updates will be given as and when possible. For details of our advisory services or HNI broking services feel free to call me on 9222294707

Good Trading To You!