SGX Nifty 2nd Nov 2015

SGX Nifty

-200.14

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 / Nifty Futures / Nifty Chart / Nifty Live for 2nd Nov 2015

SGX Nifty opened flat today. SGX Nifty Live Price indicates pullback to continue. Nifty Futures / Nifty Chart indicates we should buy dip at appropriate level. Today we were expecting a pullback towards 8180 Spot Nifty Level but instead Nifty failed to move higher than 8150. Nifty made a high of 8146 and then started sliding lower towards 8050 area. Finally Nifty ended the day lower at 8045 down 45 points. Among Nifty 50 Stocks ITC was leading the downside. Bosch Ltd, Mahindra & Mahindra, LT, Tech Mahindra, GAIL, ZEEL, Tata Motors and ONGC were down between 5-1.2 percent.

SGX Nifty Minor Trend is down. SGX Nifty Major Trend is up / bullish. Nifty support is at 7938 and resistance is at 8180. Nifty 50 spot levels mentioned. We once again reiterate our view that in this current pullback we do not see Nifty going towards 7400-7200. As per our Nifty Prediction / Astro cycles / Gann Wave we will see 7400-7200 and possibly even 6800 but not in this round of pullback and hence our Stock Market Advise / Tips is not to short sell Nifty / Indices or stocks at this juncture, in fact it will be prudent to start building longs sometime later next week and then ride the last leg of the bullish cycle that started on 29th Sep 2015 from 7691. (What to Buy, When to Buy, How much to Buy all details given to our clients, Nifty target for Nov also has been communicated to all our clients) This is not the time to be shorting Nifty, there is still time for short sell and hold trade but it is definitely not now.  

My clients and readers of this website are well aware that last week as per our Stock Market Analysis / Nifty Prediction we had clearly mentioned that we do not see Nifty spot sustaining above 8350. We had also clearly mentioned that Nifty has time cycle resistance on 23rd Oct 2015 and 26th Oct 2015. Nifty now was time cycle support on coming Thursday 5th -8th Nov 2015 and we are expecting Nifty to make a higher bottom between 5-9th Nov 2015 and then move higher towards our final target range for this wave. In simple words risk reward ratio is favoring buying the dip it is not favoring selling now. It made sense to short sell upwards of 8290 it does not make any sense to short sell now from here. By 15th DEC 2015 we will see a significant upward move in Global Stock Markets and Indian Stock Markets. On Nov 8th 2015 Venus will move into Libra and historically that has been positive for Indian Stock Markets and Nifty 50. Today 30th Oct 2015 Sun Trines Neptune and that is level 1 geocosmic signature capable of reversing trends within a orbit of a few trading days. Hence all our analysis are clearly pointing in one direction and that is Nifty is about to make a higher bottom in the next few trading days and then will resume its upward trajectory.

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

Good Trading To You!