SGX Nifty 2nd June 2015

SGX Nifty Futures

188.17

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 2nd June 2015

SGX Nifty Trend Today was positive. SGX Nifty made a low of 8423 and then made a high of 8467 and finally closed at 8423 Nifty Spot Levels Mentioned . As per our SGX Nifty Trend and SGX Nifty prediction is down. Minor trend is neutral and Major trend is down. Nifty has resistance at 8566. Even if this price is crossed nothing major changes. SGX Nifty will resume down trend from the range of 8550-8750 and will fall towards 7800-7900, if fall is fast then 7631 will be Nifty target for this on going current move. Overall longer term we don’t see Indian stock markets out performing and as per our Nifty trend analysis prices on upside wont last.

SGX Nifty 2nd June 2015 (Financial Astrology / Nifty Astrology Update)

SGX Nifty tomorrow 2nd June 2015 we expect extremely volatile and unstable day due to some very powerfully astro combinations. Full Moon is in Scorpio along with Mercury retrograde at Mid point is extremely dangerous combination. Wild fluctuations are expected in SGX Nifty (150+/- both sides) and Bank Nifty (500-700 +/- both sides) It will be better to trade via options rather than trading in Futures contracts.

SGX Nifty Long Term View 2nd June 2015 Update

We are very clear that SGX Nifty Major Trend remains down and this current move is a ongoing pullback and even if prices eventually do reach 8672-8750 Spot Nifty Levels Mentioned prices won’t hold (Bhavvv Nahi Tikega Uppar Mea) and hence it will be better not to try any stunts and trade in the direction of the main trend which is down. Q1 FY 16 results are expected to be more worst than current Q4 FY15 results. If we look at Nifty Trailing Earnings valuations we are hardly 2% away from Trailing Valuations at 9100. Hence we don’t see 9100 or 9000 area being tested. Charts have been confirming lower tops and lower bottoms and that’s a clear indication Nifty is not going to run up immediately at least. Macro picture does not look good for India as of now.

SGX Nifty Constituents 2nd June 2015

Within SGX Nifty Bank Nifty may outperform till policy the policy is announced Bank Nifty could tank one sided lower in a zig zag manner with massive volatility. It will be better to avoid Bank Nifty for trading on 2nd June 2015. Nifty today was in consolidation mode Nifty ended flat today (1st June 2015) Sun Pharma collapsed 9 percent today reporting dismal set of Q4 numbers. (Expect this trend in earnings to continue)

USDINR Update 2nd June 2015

On dips Importers must hedge positions. Overall we see USDINR will touch 72. Lower side support at 63.20 Spot levels mentioned. By July end or Aug 1st week we see USDINR at 66 + don’t try to time the move.

Reserve Bank Of India Credit Policy 2nd June 2015

Most of the Bankers are expecting 25Bps rate cut but we are clear if USDINR nears 63.20 Spot then and only then will we see a rate cut. Looking at the situation as it is right now we don’t expect rate cut to happen on 2nd June 2015. If Rate cut does not come expect markets to tank 25 bps is already in the price and valuations are stretched as per valuations 8550 looks to be the likely top.

Sugar / Agri Sector Update

Buy and Hold Bajaj Hindustan, Eid Parry and Renuka Sugar. 5 X returns are expected in this sector. We once again are repeating harvesting season won’t be good as per our time cycle charts we don’t see crop output rising from here. Agri commodity prices will keep rising towards 2019. Most agri commodities will hit 30 year bottom prices within next few months.

For customized broking solutions or HNI advisory services feel free to call me on 9222294707. SGX Nifty Chart is enclosed below for ready reference.

Good Trading To You!

 

 

Stock Market Tips Given Today (Ref 2nd June 2015)

10:16, Jun 1 – : PL wait for update nothing to be done as of now. I will give detailed update by 12 noon

11:44, Jun 1 – : Please use pullback to exit long positions which are stuck reduce overall exposure to India equities. Nifty has confirmed lower top and bottom formation and is headed to 6800-7200.

11:45, Jun 1 – : for current move till the time Nifty spot does not break 8261 pullbacks will keep coming this pullback can even extend till 8750-8672, but it wont sustain on higher side and markets will collapse from higher price range. We don’t trade counter trend (Main Trend Is Down) we will be selling at small sl points as and when we see Nifty resistance points

11:45, Jun 1 – : USDINR TGT is 72 on pullback like the one on currently Impex Traders pl ne hedged avoid any open transactions.

11:53, Jun 1 – : and most important if 8261 does not break Max 21st June price will be 8750-8812 aprox from there straight to 6800. Bottom line we don’t see upside (significant upside) but when to sell where to sell I will update. Reduce long exposure and wait on sidelines

13:37, Jun 1 – : all efforts on by RBI to push rupee lower. we dont see USDINR falling much below 63.20 Spot use dips to hedge positions

13:59, Jun 1 – : Alert Minor Trend Changes Signals have started if long get out of positions immediately wait for msg to sell