SGX Nifty 6th July 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 / Nifty Trend / Nifty Prediction / Stock Market Tips For 6th July 2015

SGX Nifty / Nifty Trend today was positive. Nifty 50 opened at 8434 made a low of 8434 and then started rallying towards our resistance area and finally closed at 8486 (Nifty spot levels mentioned). As per our analysis Nifty / Stock Market trend remains down. Both Minor Nifty Trend and Major Nifty trend remain down and there is no change in view as per our analysis goes. We maintain that use this pullback to exit trapped longs / Exit Delivery based stock market long positions / derivative long positions (or at least hedge the positions with July Puts ) . Nifty is at the upper end of pullback and we do not see pullback being extended beyond from here on the down side we maintain our targets of 7899. This current down cycle which started on 4th March 2015 is going to continue till at least 10th July 2015 and we do not see Nifty going higher or we do not recommend delivery based buying before down ward time cycle ends or 7899 is breached. Price and time both have to be completed. If an inversion occurs I have given details to our clients of what is to be done and implications of inversion (after 10th July Nifty must not be above 8???) Levels have been communicated to clients and please refer 2nd July 2015 post for details as all possibilities and levels have been mentioned there very clearly.

Yesterday we (3rd July 2015) Indus Ind Bank, HDFC Ltd, Hero Motors Corp, Lupin, HDFC bank, Dr Reddy, Grasim, HCL Tech, TCS and NTPC were out performing Nifty 50 while Tech Mahindra, Vedanta, Cairn India, Coal India, Tata Power, tat Steel, Wipro, Tata Motors, Idea and Kotak bank were Underperforming Nifty 50.

From July 6-12, the Sun will translate the Uranus/Pluto square. This corresponds to swift, sharp and wild price swings in Indian Stock markets, Expect sudden unexpected announcements on geo political front, or sudden and unexpected changes in monsoon behavior. This is followed by Mars making the same aspects July 15-25. It ends when Venus and Uranus both turn retrograde, July 25-26, which is to say something political ends then, but another financial headline story erupts at the same time

Sugar Sector Update

Sugar is now in the final lap of completing it’s lower cycle and after 10th July 2015 we are expecting sugar (Raw sugar prices to start stabilizing and moving up). As I have said there are only two possibilities for Indian Sugar industry 1) become profitable (Govt will have to decontrol sugar prices and allow market driven prices for that to happen) (2) Sugar production halts in India totally and we start importing sugar from international market. Now we all know that sugar can’t be imported totally and Govt will have to allow ways and means for the sugar industry to survive and become profitable again (all of us know that export subsidies, Interest free loans is not going to help so the only way out is decontrol and as per astro cycles and time cycle we see that by Dec 2016.) Also we see Raw sugar prices starting to move up and are eventually headed towards 34-42 from current 11/12 range in Comex. So Sugar Stocks like Bajaj Hind, Renuka Sugar and EID Parry must be part of your portfolio. Just Buy and hold it will be a sweet investment over next 3 years.

Greece Update.

All the traders are worried about Greece referendum today. Our take is that Greece will anyways go bankrupt regardless of whatever happens unless and until significant debt relief and write offs are done. In short they won’t leave the Euro zone (Germany cannot afford them to leave if they leave euro becomes strong and German exports will collapse) and yet they will not pay the Euro creditors. The current situation is that any amount of austerity will not solve the financial crisis going on in Greece. Anyways whatever is the outcome we are expecting Stock markets to begin moving lower anytime.

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Good Trading To You!