SGX Nifty 4th Nov 2015

SGX Nifty

198.96

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 4th Nov 2015

SGX Nifty opened gap up today. SGX Nifty Live Price indicates still some more downside is likely. Nifty Futures / Nifty Chart indicates higher bottom will be made in the next few trading days. As per our Stock Market Analysis / Nifty Prediction we are expecting a higher bottom shortly and hence it will be prudent to buy on lower side after the current pullback ends (some more pullback is remaining but not too much). The current move from 8338 is not a down cycle rather it is just a simple corrective pullback of 7691-8338 move. All the parameters are amply clearly indicating the same. Overall the day was sluggish and Nifty consolidated for most part of the day between 8032-8085 finally Nifty closed the day flat at 8060 up 9 points. Nifty 50 spot levels mentioned. Nifty has important time cycle supports from 5th – 9th Nov 2015. Please note the time cycle support has nothing to do with the Bihar Election outcome. Whatever be the result of the election we do not see significant downside in Nifty from here on. We expect Nifty to make a higher bottom between these dates and then resume the upward journey for the final rally of this year after this rally if anyone remains long in the Indian or Global Stock Markets then he will surly lose big money. In fact as our Stock Market analysis it will be prudent to exit in the finally rally of the year sit on cash and then steadily build short positions for eventual down side targets. Once again we are predicting 7200-7400 or even 6800 will come but not in this move. For now we don’t see any significant fall in Indian Stock Markets. Some traders are talking about a crash in Indian Stock Markets citing Venus in Virgo as per Vedic astrology we do not see that happening. Please refer our yesterdays post for the same. Some stocks will give 25-30 percent returns from Nifty 50 once this pullback is over. (Details will be updated to PAS clients shortly)

SGX Nifty Trend

SGX Nifty Minor Trend is down. SGX Nifty Major Trend is up / bullish. Nifty support and resistance for tomorrow is at 7910 and 8144. Nifty 50 spot levels mentioned.

Nifty 50 Constituents

NTPC, Vedanta, Hindaco, M&M, Powergrid, ACC, ONGC, Hero Motors, Infy and Cairn India were top 10 gainers from Nifty 50 today while on the losing front Asian Paints, Adani Ports, Tata Motors, Tata Steel, Lupin, GAIL, Idea, LT, Cipla and Axis Bank were among the top 10 losers today. LT was one of the most active stocks today. Keep a watch on Maharashtra Scooters some fireworks will be seen there shortly.

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

Good Trading To You!

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