SGX Nifty 8th July 2015

SGX Nifty

161.77

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 8th July 2015

SGX Nifty / Nifty Trend today was negative. Nifty 50 opened at 8538 then made a high of 8561 and started falling and made a low of 8483 and finally closed at 8513. Asian Paints, Coal India, Ultra Tech Cements, Tech Mahindra, HDFC Ltd, Punjab National Bank, State Bank Of India, Sun Pharma, Wipro and Dr Reddy were out performing Nifty 50 while Hcl , Vedanta, NTPC, Hindalco, hero Moto, Zeel, Bosh, Cairn Kotak Bank and Reliance Industries were under performing Nifty 50 today.

As we have started last week and now inversion is on the cards and if a inversion occurs price and time will extend on the downside (please refer July 2nd Post for details of inversion) Nifty Minor trend is neutral while major trend remains down. We once again maintain and reiterate our target of 7899 on upside we do not see Nifty being able to sustain. Wave has got split and there are secondary signals of the split wave ending, we are now awaiting final confirmation for split wave to end. We once again recommend to be light and avoid any delivery buying at this level. As per our analysis you will get amply time and much rather significantly better prices to Buy delivery (time and price is not now for sure) From July 6th-12th , 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 between July 15th -25th . 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. All of these geo cosmic signatures are level 1 reversal conditions.

Sugar Sector Update

Last year’s solax maximum created bumper crop for sugar sector and it is well know to my clients that when solar max occurs agri production tops out and then towards solax min agri prices increases. As per astro cycles  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). 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.

USDINR Update

USDINR we maintain our target of 65+ overall USDINR is headed towards 72 and we do not see any change in that scenario as of now. Importers are advised to be hedged. Lower side USDINR has support at 63.20 Spot.

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