SGX Nifty 28th Oct 2015

SGX Nifty

93.28

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 28th Oct 2015

SGX Nifty opened lower today. Stock Market Tips is to buy on dips. Nifty Prediction is corrective trend will continue. Nifty 50 today was sideways between a small trading range of 8242-8220. Overall we reiterate our view that we do not see any significant upside in Nifty Futures as of now and as per our Stock Market advise / Nifty Prediction given to clients we do not see Nifty sustaining above 8350 spot (Minor upside beyond 8350 is possible but we do see price sustaining above 8350 spot Nifty). The strategy is to avoid fresh buying / longs at higher levels and wait patiently for dips. On dips one must accumulate both trading longs and delivery longs as Major Trend is up / bullish and after the corrective dip is over we see Nifty continuing its upward trajectory that started on 29th Sep 2015. The current wave structure and astro cycles combined indicate that we must not sell and hold rather it will be prudent to keep taking profits at regular intervals. This is not a short sell and hold wave rather from lower levels when this corrective pullback will end it will be a buy and hold and add on dips / low risk entry points move. Most traders / investors are thinking that when the ongoing results season is so bad management commentary and analyst downgrades are coming in, how will stock markets go up? Sure in medium to long term Indian Stock Market will fall and fall really hard and even touch 7200-6800 I am not denying that but for the short term after the downward corrective pullback is over again a up move is seen and please understand that it will be a bullish phase within a bear or major down cycle. Hence if we can maximize our portfolio returns by trading in and out then we must do that and right now after the corrective pullback another up move will come and most investors / traders will be in total disbelief looking at the screen and prices. This phase will continue till April 2016 hence trading in and out at appropriate times is very important. Entire last one year Nifty is flat and most investors portfolio’s have not given any returns infact compared to fixed income its been a negative return. Hence buying into panic and selling into euphoria should be followed.

SGX Nifty Minor Trend is Neutral. SGX Nifty Major Trend is up / bullish. Nifty support and resistance for tomorrow is at 8255 and 8341. Nifty 50 spot levels mentioned.

USDINR Update

USDINR Minor and Major Trend are down. USDINR has very good support at 64.25-64.30 spot levels mentioned and on upside the corrective pullback can go towards 65.70-66. Overall on dips we do not expect any significant move In USDINR for the time being. Thanks to RBI’s intervention to keep rates stable.

Sugar Sector Update

We have been advising that Bajaj Hind, Renuka Sugar and EID Parry all these three stocks continue to outperform the broader Indian Stock Markets by huge margin. Everyday whenever I see the astro charts and price charts of sugar stocks / raw sugar it looks awesome. Here is a multi bagger min 5 X returns over three years and yet none of the veteran investors are able to figure out why the hell these stocks have already moved up 80-100 percent in the past 1 month and yet I am saying “abhi toa party shuri bhi nahi hui hai “ I am openly writing this opportunity is once in a life time opportunity. Please don’t buy 10000 qty buy 1L-10L qty on dips and hold.

Nifty 50 constituents

HDFC Bank, Maruti, Bajaj Auto, Wipro were leading the gainers list while Lupin plunged 5 percent and ONGC, GAIL, BHEL were dragging the Nifty today.

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

Good Trading To You!