SGX Nifty 29th June 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 / Nifty Trend / Nifty Prediction / Stock Market Tips For 29th June 2015

SGX Nifty / Nifty Trend Today (26th June 2015) was negative and volatile as expected due to Scorpio Moon. Nifty was volatile within a range as we were expecting it to be.

As per our analysis we were expecting a pullback towards 8250-8300 from 7991 that pullback got extended towards 8420 (may be can even extend a little more on Monday towards 8500 Not necessarily but possible for 8500 to come intraday) but even if Nifty reaches 8500 during intraday trade we are very clear that this is a pullback and we Reiterate our target 7899 by 15th July 2015. We have been saying since long time that negative time cycle started on 4th March 2015 will not end before 10th July 2015 and hence we do not recommend any delivery buying in Stock markets for now. (Since last 90 days we have been clearly mentioning this and we maintain and stand by our analysis) Our advice remains the same on rise use pullback to reduce stock market delivery longs. Historically no one has ever made money buying at these valuations and I don’t think so it is going to be any different this time either.

Now in this week there are some very important geocosmic signatures that will create sudden sharp swings and volatility around 1st July 2015 within this week we are expecting fall to resume towards our target area of 7899 and it will be better to play this current move by Nifty July Options as volatility will cut most traders out of their positions. For Monday 29th June 2015 Nifty Spot has resistance between 8531-8268 minor supports are placed around 8310 (Nifty spot levels mentioned) . Both Major Nifty Trend and Minor Nifty trend remain down for now. Nifty has been making classic lower tops and lower bottoms and with the current Earnings background we do not see significant upside in Nifty / Stock Markets (at least for now)

USDINR Update 29th June 2015

As per our analysis we see USDNR nearing and crossing 65 in the short term. Longer term we maintain our target of 72 for USDINR. Importers must be hedged over next one month min as USDINR will spike anytime after Monday towards 65+. USDINR has supports at 63.85 (July Fut Levels Mentioned)

Crude Oil Update 29th June 2015

Crude Oil has minor short term resistance around 62 and unless 62 is crosses and is stable above 62 we do not see immediate run in Nymex crude Oil. Overall range for this week is between 58-62.

Sugar Sector Update.

Use all dips to Buy / Accumulate Sugar Stocks. We have been recommending Buying/ Accumulating Bajaj Hindustan, Renuka Sugar and EID parry. We maintain on 10th July 2015 down cycle will end in sugar stocks and a major up cycle will begin in sugar sector. Real fireworks after Oct 2015 expected to begin in sugar stocks. Overall we see sugar sector being decontrolled by Dec 2016. Also internationally we see Raw sugar prices moving significantly higher from current prices. Overall by 2019 sugar stocks will be the best investment in percentage returns. The situation in sugar sector is very similar to the situation that Major Oil marketing companies were facing few years back before petrol and diesel prices were decontrolled. Govt cannot afford to provide subsidies beyond a point and eventually decontrol will take place having the entire sector being re rated.

For details of our advisory services, Nifty Futures Nifty Options or Portfolio Advisory Services feel free to call me on 9222294707.

Good Trading To you!