SGX Nifty 4th Sept 2015

SGX Nifty

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 / Nifty Trend / Nifty Prediction / Stock Market Tips for 4th Sept 2015

SGX Nifty Trend / Nifty Futures Trend Today was positive with volatility along expected lines. Yesterday we openly mentioned that from range of 7500-7700 we are expecting a pullback and we also mentioned that we do not recommend selling fresh at lower levels and have advised our clients to cover all short positions. Hope you have followed our advice and profited from it. Now Nifty Resistance for tomorrow 4th Sept 2015 is at 7863 and Nifty Support for tomorrow is at 7690 (Nifty 50 Spot / Cash levels Mentioned). Till 7863 is not taken out with volumes gates remain open for 7631-7542 hence trade with extreme caution. It will be better to trade in and out of the markets and keep taking profits at regular intervals also it will be extremely necessary to manage risk and on every given opportunity look to reduce risk. Overall Nifty continues to make lower tops and lower bottoms and we are very clearly repeatedly saying let Nifty start making higher tops and higher bottoms until it does that please do not bottom fish. Investors must hold on to cash as much as possible and on rise reduce exposure to Stock Market Derivative Long Positions and Stock Market Delivery Long positions. It will not pay to guess. Longer term and astro cycles and time cycles are indicating Nifty may touch 6500-6800 by Diwali. So if chart patterns get confirmed we will get much lower and better prices to Buy for longer term. This down cycle has started from 4th Match 2015 In July Inversion was confirmed meaning down cycle has to extend both in price and in time and we see that happening. Until and unless current structure does not change there is no need to jump and buy. This is what we had mentioned on 30th Aug 2015 “Nifty on Monday 31st Aug 2015 has a important time cycle resistance so expect sudden moves out of nowhere if 7940 breaks in the first half with volumes then extreme caution is advised”

SGX Nifty / Nifty Futures Minor Trend is down. SGX Nifty / Nifty Futures Major Trend is also down. Nifty has good probability of testing 7550-7631 over next few days to negate this Nifty will have to move above 7863 Spot with volumes.

USDINR Update

USDINR we expect a minor pullback towards 65/65.50. (Where and where to hedge impex positions again will be updated to clients).

Nifty Constituents

Cairn India, Tata Steel, HDFC Ltd, Ultra Tech Cements, Axis Bank, Vedanta, Ambuja Cements, Bank of Baroda, Indusind Bank and Hindalco were leading Nifty 50 today while Idea Cellular, Bosch Ltd, BPCL, Hero Motors, Lupin and Sun Pharma were dragging Nifty lower today. Overall most Nifty 50 stocks have broken very critical supports and now it needs to be seen what kind of pullback they provide.

Good Trading To You!