SGX Nifty 28th Sept 2015

SGX Nifty

-178.32

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 Futures / SGX Nifty Charts / SGX Nifty Live / Nifty Trend / Nifty Prediction / Stock Market Tips for 28th Sept 2015

SGX Nifty Trend yesterday was positive. Overnight SGX Nifty closed at 7924 up by around 25 points from previous close of Nifty 50. Our view is that we do not see Nifty running significantly higher from current prices and the pullback that started from 7723 day before yesterday on 24th Sep 2015 will be ending shortly and as per our analysis we see the fall to resume anytime. It does not make sense to be buying rather it will make lot more sense to sell on rise towards small stop points or towards resistances. Mercury Retrograde will be reaching its midpoint on Sunday so expect another lower top to be formed before down cycle resumes and more traders will be trapped on the wrong side of the main trend. Overall caution is advised in long positions. By the way since Mercury is retrograde please understand that the wave will not favor sell and hold we will keep getting pullbacks and counter trend moves very often but from Wednesday 30th Sept 2015 they too shall start becoming fewer. A powerful lunar eclipse is about to happen in the next few hours and Moon is at perigee (means closest point to earth means more amplification of that energy, also it’s a full moon further more amplification and Moon is in Aries means aggression and just few days back we had two very powerful geocosmic signatures that’s Pluto Direct and Jupiter Opposition Neptune both have over 90 percent correlation to tops being formed in World Stock Markets) so there is enough amplified energy it’s like the petrol tank is full waiting for explosion to take place. Major Trend is down so down side explosion?

As per Vedic astrology Mercury Retrograde with Sun and Rahu are in the same house and this combination leads to a short to medium term panic and in that panic a bottom is created. (Details have been communicated to clients of what and where is our final target for this cycle) and targets for that up cycle that will start will be 11841 for Nifty Spot and that’s why I am saying trade with caution there will be ample opportunities to make money. BIG money provided you survive the storm that is about to begin.

SGX Nifty Minor Trend is down. SGX Nifty Major Trend is down. Nifty support and resistance for tomorrow is at 7735 and 7932. Nifty Spot Levels Mentioned.

USDINR / Reserve Bank of India Policy Update

USDINR Minor Trend is Up and USDINR Major Trend is also Up. Overall we see Targets of 68.40 Spot for USDINR in this current move up. Importers have been advised to be totally hedged. Longer term targets are 70-72. On 29th Sep 2015 we do not expect RBI to cut more than .25 the general buzz on the street is that RBI will oblige with .50 rate cut but looking at INR we do not see that happening. Also most people are blaming the RBI for high interest rates but the fact of the matter is that there has been negligible pass on from the Banks. RBI has cut rates on three occasions but Banks have not been passing on the rate cut and hence it really does not matter much what the RBI is doing. INR has already depreciated to 66.15 and FED has not even increased interest rates imagine what will happen if FED begins rate hike cycle INR will go for a toss along with other EM currencies. So in short there is limited room for RBI to cut rates beyond 0.25 as of now.

Further the commentary by RBI is expected to be hawkish due to FED and Bad Harvesting season.  So even if a rate cut does come the rally will not last for long.

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

Good Trading To You!

Share Market Tips / Stock Market Tips Given Yesterday.

23/09/2015, 3:50 PM : USDINR Be Totally Hedged

24/09/2015, 9:13 AM : GM

24/09/2015, 9:13 AM : Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

24/09/2015, 9:22 AM : STBT Trade Update Nifty Oct Fut Hold 1 Part Till Next Update

24/09/2015, 9:23 AM : USDINR Be Totally Hedged

24/09/2015, 9:24 AM : STBT Trade Update Nifty Oct Fut Hold 1 Part Shorts Till Next Update

24/09/2015, 9:48 AM : STBT Trade BookProfit @ CMP

24/09/2015, 9:48 AM : Confirmation STBT Trade In Nifty Oct Fut Booked

24/09/2015, 9:48 AM : Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

24/09/2015, 9:48 AM : USDINR Be Totally Hedged

24/09/2015, 9:48 AM : Confirmation STBT Trade In Nifty Oct Fut Booked

24/09/2015, 9:49 AM : Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

24/09/2015, 10:36 AM : Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

24/09/2015, 1:13 PM : Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

24/09/2015, 1:13 PM : USDINR Be Totally Hedged

24/09/2015, 1:14 PM : if anything fresh is to be done I will update

24/09/2015, 1:50 PM : Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

24/09/2015, 1:58 PM : Pullback will end shortly possible to come near 7920-7906 On rise we will sell By Tuesday Morning Nifty will be below 7600 (waiting for final confirmation for that )

24/09/2015, 1:58 PM : If comes up bindas we have to sell in this round we will breach 7600 Spot Nifty then what to do we will see

24/09/2015, 2:03 PM : BTST Trade Nifty Oct 8000 Put Buy 1 Part @ 7904 & 2nd Part @ 7923 SL 7935 Nifty Spot Lvls Given.

24/09/2015, 2:04 PM : Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

24/09/2015, 3:25 PM : BTST Trade Is Not Active. Positional Trade Update Nifty Oct 7600 Call Hold 3 Parts Sell Till Next Update

26/09/2015, 3:58 PM : Good Evening Nifty Update For 28th Sep 2015 http://www.mallavv.com/category/sgx-nifty