SGX Nifty 5th Nov 2015

SGX Nifty

84.05

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 5th Nov 2015

SGX Nifty opened higher today. Nifty Futures / Nifty Chart indicate higher bottom will be made. As per our Stock Market Analysis / Nifty Prediction we think the bottom is not done yet but over the next few trading days we will make a higher bottom. SGX Nifty was indicating a higher opening by almost 75 points in the morning following positive Asian cues however we had clearly mentioned to our clients that we do not see Nifty now sustaining above 8160. Nifty 50 spot levels mentioned. Nifty Nov series is seeing one of the lowest volumes thanks to irrational increase in lot size done by NSE. Overall today was another lackluster day of trade Nifty after opening higher started steady decline and finally closed the day lower at 8040 down 20 points. Our Stock Market advice is to Buy on dips but wait for some more downside. Nifty has bounced back well after hitting 7995 and the reason can be seen in the chart enclosed below but the parameters for down move ending have not yet completed. We had done some shorts in Nifty 8000 Calls Yesterday and on Monday. Today we booked partial shorts in them. Nifty is lacking volume and trades most part of the day in small ranges hence we should keep trading and keep taking whatever we get from the market. The big moves will be there to catch from lower side. We are once again saying the current move is not a down cycle move. It is merely a pullback of the up cycle started on 29th Sep 2015 so a mere pullback of 7961-8338 is taking place after the pullback we see Nifty resuming its upward trajectory and that will be the final rally of this year. All targets etc have been communicated to clients and during the last phase of upward trajectory it will be prudent to exit all positions both delivery longs and trading longs with the exception of sugar sector.

SGX Nifty Trend

SGX Nifty Minor Trend is down. SGX Nifty Major Trend is up / bullish. Nifty support and resistance for tomorrow is at 7900 and 8160.

Nifty 50 Constituents

Tata Motors, Hero Motors, Mahindra & Mahindra, Coal India, State Bank of India, Idea, Cellular, Bajaj Auto, BPCL, Bank of Baroda and Maruti were in top 10 gainers from Nifty 50 while Tech Mahindra, Bosch, Icici Bank, GAIL, Sun Pharma, Reliance Industries, Kotak Bank, Ultratech Cements, Asian Paints and ACC were in the top 10 losers from Nifty 50 today.

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

Good Trading To You!