SGX Nifty 31st July 2015

SGX Nifty

-167.76

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 31st July 2015

SGX Nifty Trend Today was positive for the second day today, lot of choppiness was seen today. Nifty gave a smart pullback to our resistance area of 8450-8471 (as told yesterday) area and then started falling from resistance zone. Interesting observation for today was whenever Nifty was moving up volumes started falling and on the downside volumes were picking up which clearly once again shows that pullback is corrective in nature and any upside will not sustain. Overall SGX Nifty Minor Trend is down and SGX Nifty Major Trend is also down. Nifty minor support for 31st July 2015 is at 8299-8315 Nifty 50 spot levels mentioned. Many other indicators were also showing significant divergences and whenever divergences occur the next move is generally fast. (Not as a rule but generally). Nifty resistance for 31st July 2015 is at 8485 Spot levels if 8485 if taken out with heavy volume and sustains above 8485 then we can expect some sideways movement or minor pullback towards 8521 Nifty 50 Spot levels mentioned. Stock Markets around the world have broken down and now are in a pullback mode we expect world stock markets to resume the down slide from Monday at best. We once again are predicting we will get much better levels to Buy these are not prices to Buy rather these prices and valuations are to sell.

We have very clearly written and predicted well in advance that inversion will occur and now since we have confirmation of Inversion both price and time will extend on the lower side. We do not see SGX Nifty / Nifty Futures sustaining on the higher side and see continued fall of Main down cycle that started on 4th March 2015. Our advice remains the same to use pullback to exit or at least hedge positions and avoid getting trapped in the wrong direction. Nifty next week may see a panic once again for traders and friends on the long side extreme caution is advised.

SGX Nifty constituents

Today Dr Reddy Labs was up almost 4 percent on better than expected Q1 numbers. Dena Bank on the other hand had a disastrous Q1. Net Profit plunged by 81 percent year on year. (We have been consistently saying that both Public Sector Banks and Private Sector Banks will face multiple challenges and results seasons is proving just that)

Bank of Baroda, Punjab National Bank, Dr Reddy Labs, Hindustan Lever, Cipla, ITC, HDFC Ltd, Hcl Tech, Grasim and State Bank of India were leading the Nifty today while NMDC, Infosys, Sun Pharma, Ambuja Cements, Hindalco, Kotak Bank, Wipro, ZEEL, TCS and Bharti Airtel were seen lagging the Nifty today.

USDINR Update

USDINR is now headed for 64.42 Spot (Our Fresh Target). Most of my readers and clients will recall that we have been bullish on USDINR since 61 levels and we have clearly mentioned that longer term target is 68-72. We stand by our prediction for USDINR. In the short term also we have mentioned multiple times 63.20 spot is a good support and it held very well and USDINR kept moving higher. Once again I am requesting all importers to be hedged as we have a possible chart pattern and astro cycle which could even take USDINR to 65.11 by end of Aug 2015 so kindly avoid any stunts here. Please Be hedged be safe.

Crude Oil Update

We have been clearly predicting crude oil range for this year is between 4672 and we have boldly written in our post multiple times that Buy crude between 48-46 as of now this prediction is also going spot on. We are very clear with Mars changing position later in a few days this will support Nymex Crude Oil and crude oil derivatives and we will see Crude Oil moving steadily towards 72.

Bank Nifty / Bank Nifty Trend / Bank Nifty Prediction / Stock Market Tips for 31st July 2015

Bank Nifty Minor Trend is down. Bank Nifty Major Trend is also down. ON all pullbacks exit Bank Nifty / Bank Nifty Futures / Banking Sector stocks. Over the next few days astro cycles are suggesting major negative news is in store for both Private Sector Banks and Public Sector Banks. Some veteran investors are Buying PSU Banks aggressively (I must admit that I respect and salute their understanding of Stock Markets and value investing ) but in my research I do not see any change in structure in Banking stocks as of now.

SGX Nifty Chart is enclosed below.

For details of our advisory services please feel free to call me on 9222294707.

Good Trading To You!

 

Stock market Tips

30/07/2015, 9:08 AM – Gm hold nifty Aug 8600 put 2 parts till next update
30/07/2015, 9:10 AM – Usdinr hold 2parts till next update
30/07/2015, 9:11 AM – Resistance for today at 8450-8471
30/07/2015, 9:11 AM – If comes around this area nifty spot lvl then we will sell
30/07/2015, 9:11 AM – Nifty will not sustain on higher side.
30/07/2015, 9:12 AM – Hold positional 8600 Aug Put till next update
30/07/2015, 9:15 AM – Importers pl be hedged in usdinr tgt 64.42
30/07/2015, 9:54 AM – BTST Trade In 3 Parts Nifty Aug 8700 Put Buy 1 Part @ CMP & 2nd Part @ 8458 & 3rd Part @ 8468 Spot Lvl Mentioned SL 8483 Spot Lvl
30/07/2015, 9:54 AM – Confirmation Nifty Aug 8700 Put Bought 1 Part
30/07/2015, 9:54 AM – Hold Nifty Aug 8600 Put 2 Parts Positional
30/07/2015, 9:54 AM – Hold USDINR 2 Parts Till Next Update TGT 64.42
30/07/2015, 9:55 AM – Hold USDINR 2 Parts Till Next Update TGT 64.42 Spot
30/07/2015, 11:28 AM – Dhuvil added to the list
30/07/2015, 12:40 PM – Nifty Aug 8700 put 2nd part is active. Some prob in what’s app messenger msg not going through
30/07/2015, 12:45 PM – Btst trade update Nifty Aug 8700 put 2nd part is active. Hold Nifty Aug 8600 Put Positional Trade till next update. Hold Usdinr 2 parts till next update.
30/07/2015, 12:46 PM – There is some problem in what’s app msg delivery from my end. Working on it
30/07/2015, 1:33 PM – Btst trade update Nifty Aug 8700 put book 1 part and hold 2nd part till next update
30/07/2015, 1:34 PM – Confirmation nifty Aug 8700 put booked 1 part. Hold 2nd part with trailing sl of 8483 spot nifty
30/07/2015, 1:35 PM – Hold positional 8600 Aug put till next update
30/07/2015, 1:35 PM – Hold positional 2 parts 8600 Aug put till next update.
30/07/2015, 1:35 PM – Hold usdinr 2 parts till next update tgt 64.42 spot