SGX Nifty 2nd Sept 2015

SGX Nifty

74.30

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 Trend Tomorrow / Nifty Prediction for 2nd Sept 2015

SGX Nifty Trend today was down. Nifty opened lower today and consolidated for first few hours before resuming the down side move which we had warned / predicted since past 2-3 days. Finally Nifty closed the day lower by 191 points at 7790. We had clearly mentioned break below 7940 spot Nifty will open the gates lower for 7550-7631 and Nifty did fall towards 7747 today itself at one point Nifty was down by almost 250 points. We have been very clearly saying repeatedly that use all rise in Indian Stock Markets / Global Stock Markets to sell or exit trapped positions and we have been saying this since 4th March 2015 when Nifty was at 9120 and made a top we had very clearly mentioned that down cycle will last min till 10-15th July 2015. When Inversion was seen we again clearly predicted Nifty will extend time and price on the downside and it is consistently showing signs of continuing that. All along Nifty has made perfect lower tops and lower bottoms since March 2015 yet traders and investors are unwilling to listen to the clear message markets are giving and trying to bottom fish in the name of high quality stocks / value buying. Yesterday also we mentioned that looking at the premiums in Call options for Sep series month we do not feel any money will be made in call options yet traders are buying calls. Anyways as I always say I am here to guide what I see and not what you want to hear. Next two three months at least till Diwali does not look good for Stock Markets and extreme caution is advised.

SGX Nifty Minor Trend is Oversold and SGX Nifty Major Trend remains down. From current prices we do not recommend to sell / short fresh it will be prudent to exit on pullbacks as and when they come, on upper side Nifty spot we do not see moving beyond 8150-8350 range. On the downside gates are open for 6500-6800 (Details have been given to clients) most traders and investors are thinking that worst is over and last week we mentioned that we do not thing so at least for now. Trend remains down on Monthly, Weekly, Daily, Hourly and even in 15 min charts yet traders are trying to catch a falling knife.

As per astro cycle we expect Reserve Bank of India to Cut interest rates in this week and hence a pullback is possible on the news of .25 Bps cut. When that relief rally comes use It to exit trapped long positions please do not try stunts and avoid trying to trade against main trend.

USDINR Update

We maintain our longer term targets for USDINR at 72. Details have been given to clients and our overall advise it to resume hedging but at lower levels and to trade in and out at this stage.

Good Trading To You!

 

 

 

 

 

 

 

 

 

[9/1/2015, 9:18 AM] +91 92222 94707: GM

[9/1/2015, 9:18 AM] +91 92222 94707: USDINR Continue Holding 1 Part With Trailing SL 66.61 Sep Fut Lvl

[9/1/2015, 9:18 AM] +91 92222 94707: Nifty please wait for message to trade

[9/1/2015, 9:20 AM] +91 92222 94707: Minor Trend Down. Major Trend also down wait for message to sell

[9/1/2015, 9:21 AM] +91 92222 94707: As per our analysis RBI is expected to cut interest rates in the next few days and we could see a bump up due to rate cut but on rise we will be selling near resistance / small sl points

[9/1/2015, 9:22 AM] +91 92222 94707: 7940 has been taken out gates open for 7631-7550 Nifty Spot but wait for message to sell

[9/1/2015, 10:33 AM] +91 92222 94707: USDINR Hold 1 Part with trailing SL 66.6090

[9/1/2015, 10:36 AM] +91 92222 94707: USDINR Exit

[9/1/2015, 10:36 AM] +91 92222 94707: USDINR Exit remaining 1 part and wait for update. Rate Cut Possible Tomorrow morning as per astro cycle

[9/1/2015, 10:39 AM] +91 92222 94707: if we get pullback then we will be selling on higher side do not buy at all

[9/1/2015, 1:57 PM] +91 92222 94707: test

[9/1/2015, 1:57 PM] +91 92222 94707: test

[9/1/2015, 1:58 PM] +91 92222 94707: Please wait for message to trade we are expecting Reserve Bank to cut .25 bps tomorrow in the morning

[9/1/2015, 1:59 PM] +91 92222 94707: please do not do btst unless we give message to trade

[9/1/2015, 2:00 PM] +91 92222 94707: shanti karke baitho

[9/1/2015, 2:09 PM] +91 92222 94707: We have final confirmation of Nifty TGT of 6800-6500 by Diwali. On rise from now we do not see 8100-8350 getting crossed so on any rise it will be a sell on rise market

[9/1/2015, 2:10 PM] +91 92222 94707: do not do any bottom fishing as of now we will be selling only on bounce backs

[9/1/2015, 2:10 PM] +91 92222 94707: as of now market is oversold or nearing oversold levels and it is not a good trade to sell now on pullback of Rate cut news we must sell

[9/1/2015, 2:14 PM] +91 92222 94707: USDINR TGT upgrading to 72

[9/1/2015, 2:14 PM] +91 92222 94707: we will be making a 30 year bottom in stock markets so we will be getting stocks very cheap

[9/1/2015, 2:15 PM] +91 92222 94707: do not be in a haste to invest we will be getting once in a life time opportunity to Buy stocks something ery similar to 1982

[9/1/2015, 2:16 PM] +91 92222 94707: if someone is still long in portfolio then use a rise towards 8100 to exit