SGX Nifty 8th June 2015

SGX Nifty Futures

-109.99

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 8th June 2015

SGX Nifty / Nifty Trend Today was flat. As per our SGX Nifty / Nifty Trend / Nifty Prediction Trend remains down. Both Major Nifty Trend and Minor Nifty Trend remain down. SGX Nifty / Nifty Spot has resistance at 8204-8250 (Nifty Spot Levels Mentioned for 8th June 2015). Since Major and Minor Trend is down we will be selling on rise near small stop losses but till 11th June 2015 due to minor positive sub cycle we don’t expect significant fall in the markets (Stock Market /Share Market will keep giving counter trend pullbacks till 11th June 2015). Overall we expect this pullback to go towards 8300-8350 (Nifty Spot Levels Mentioned). We have been advising on rise it will be prudent to reduce exposure to Share Market / Stock Market / Indian Equities / Risk on assets as target for Nifty is 7211 by Aug 1st week (Nifty has very powerful negative time cycle till Min 10th July 2015) so better to be on as much as cash as possible. For people doing SIP (Systematic Investment Plan) stop investing in Equities and move and deploy the same money in Liquid fund for the next few months around 7211 deploy the cash from liquid fund to Large Cap equity fund (HDFC Top 200).

USDINR 8th June 2015

USDINR Trend today (5th June 2015) Trend was down. USDINR Major and Minor Trend remains Up. Overall our Target for USDINR is 72 with in this financial year. Minor pullback can be seen this week towards 63.50 (June Fut Lvl) On pullback we recommend Importers to Hedge positions for at least next 3 months. We see USDINR at 66+ by Aug 1st week. After 12th June 2015 any time a super fast depreciation can start in USDINR extreme caution is advised.

Crude Oil

Maintain our TGT for Crude Oil at 72$/BBL

Bank Nifty 8th June 2015

Bank Nifty Trend Today (5th June 2015) was flat. After making a high of 17786 Bank Nifty fell to 17506 and finally closed at 17549. As per our Bank Nifty Trend and Bank Nifty Prediction Trend is down. Both Minor Trend and Major Trend remain down. On any rise towards 11th June 2015 it will be better to exit all trapped positions if that cannot be done then at least hedge positions Bank Nifty will test 14126 by Aug 1st week. If certain conditions get fulfilled then by 10th July 2015 it is possible for Bank Nifty to test 14126-14300 area hence extreme caution is advised. From overall Stock Market / Share Market perspective we once again recommend to EXIT entire Banking sector (Both Public Sector Banking and Private Sector Banking) and have zero exposure to this sector. Q1 FY 16 numbers will get further worse and we will see NPA’s rise and asset quality deteriorate further. Under these set of circumstances we don’t suggest any stunts / bets in this sector for now.

Bank Nifty Components 8th June 2015

Axis Bank is very weak within Private Sector Banking space.Axis Bank Minor and Major Trend remain down. Axis Bank has final support at 534 (Nse Cash Levels Mentioned) Break below 534 and Axis Bank will being slide towards 471 immediately.

Icici Bank is also very weak within Private Sector Banking space. Icici Bank Minor and Major Trend is also down. Icici Bank chart suggest that on break of 280 (Nse Cash Levels Mentioned) Icici Bank will begin collapse towards 247. Extreme caution is advised in this counter.

Punjab National Bank is looking very weak from Public Sector Banking space. PNB looks all set to touch 124 before 11th July 2015. On rise at small stop loss points or near resistance points sell and hold (for traders who prefer to trade in stock specific counters)

Nifty 50 Components 8th June 2015

Overall most stocks within Nifty 50 have given dismal set of Q4 FY 15 numbers and looking at on ground reports and fundamental data it is amply clear that Q1 FY 16 results will further be more worse than what was reported. Most of the stocks (baring select few stocks in Pharma Sector) look all set for major break downs. (Bank Nifty is going to lead on the downside) Metals will also add downward pressure. Oil & Gas (ONGC looks decent ) space will outperform the decline due to support from Crude Oil. (We Maintain our Target for Crude Oil at 72$/BBL first and then 25-30$/BBL)

Nifty Time Cycle Update 8th June 2015-12th June 2015

Nifty has a very important time cycle / astro cycle resistance on 11th June 2015-15th June 2015. If Nifty Spot Is near 8300-8350 and Nifty begins collapse with speed then be rest assured Nifty will test 7631 straight (that will be first halt) Minor positive sub cycle ends on 11th June 2015 and Major collapse can start anytime after 11th June 2015. On Friday Neptune turns retrograde and that’s going to start sudden super fast moves in the Stock Market.

For Details of our Portfolio Advisory Services feel free to call me on 9222294707.

More Details On Gold will be given by early Monday Morning.

Good Trading To You!

Share Market Tips / Stock Market Tips Given Last week are as under
09:13, Jun 5 – : GM USDINR wait to Buy for Trading. Impex Traders Be hedged
10:27, Jun 5 – : Continue Holding 1 Part 8200 June Call Till Next update
10:40, Jun 5 – : Share Market / Stock Market Update : Minor Positive Sub Cycle Is present till 11th June 2015 Till that time we don’t expect equities to fall sharply broadly they will be trading sideways with slightly positive bias on upside we don’t see Nifty above 8350 Spot Nifty
10:41, Jun 5 – : On pullback use rise to exit equities positions totally and be on as much cash as possible
10:42, Jun 5 – : USDINR I will update when and where to Buy till 12th June 11 Am we could see pullback after which move will take it past 66
10:43, Jun 5 – : When To Buy trading positions Impex Traders must remain hedged at all times as over all we see 72 TGT for USDINR within this financial year
10:43, Jun 5 – : Gold Comex support at 1165-1170 if 1165 breaks then only problem if holds 1165 then will test 1225 by month end
12:10, Jun 5 – : Continue Holding 8200 June Call Till Next Update. Nifty will be flat to positive till 11th June
12:12, Jun 5 – : Overall on rise please EXIT equity positions and be on as much cash as possible.
12:36, Jun 5 – : Nifty Buy 8200 June Call 2nd Part @ CMP SL 8128 June Futures Lvl
12:37, Jun 5 – : Confirmation 2nd Part 8200 June Call bought
12:37, Jun 5 – : Hold 1st Part & 2nd Part June 8200 Call With 8128 Trailing SL June Futures Lvl
12:39, Jun 5 – : Book 50% Of 2nd Part In 8200 June Call & Hold Rem Qty 8128 SL June Futures Lvl
12:40, Jun 5 – : Confirmation Part Qty Booked in 2nd Part June 8200 Call Hold Rem Qty Now Trailing SL 8128 June Futures Lvl
13:02, Jun 5 – : Nifty 8200 June Call 2nd Part Book Totally & Hold 1st Part Trailing SL 8128 June Futures Lvl
13:03, Jun 5 – : Confirmation Nifty June 8200 Call Booked Totally Holding 1st Part June 8200 Call Trailing SL 8128 June Futures Lvl
14:53, Jun 5 – : Nifty BUy 2nd Part 8200 Call @ 8135 SL 8128 June Futures Lvl Hold 1st Part With Trailing SL 8128 June Futures Lvl
14:53, Jun 5 – : Confirmation 2nd Part 8200 Ce Active
14:54, Jun 5 – : Buy Again 8127 SL June
14:54, Jun 5 – : Confirmation 2 Parts 8200 Call Bought Hold 8127 SL June Futures Lvl
14:56, Jun 5 – : No Open Positions
14:56, Jun 5 – : SL hit
15:03, Jun 5 – : Nifty 8200 June Call Buy 1 Part @ 8115 & 2nd Part @ 8110 SL 8105 June Futures Lvls
15:03, Jun 5 – : Confirmation 1 Part Active June 8200 Call
15:04, Jun 5 – : Confirmation 2nd part active June 8200 Call
15:09, Jun 5 – : Nifty 8200 Call Book 1 Part @ 8123 & Trail 2nd Part To 8105 June Futures Lvl (Prefeed)
15:09, Jun 5 – : Confirmation 1 Part Booked In 8200 June Call
15:10, Jun 5 – : Hold 1 Part Now 8200 June Call Trailing SL 8105 June Futures Lvl
15:17, Jun 5 – : Close positions @ cmp
15:17, Jun 5 – : Confirmation No Open Positions now. Share Market / Stock Market Updates will be updated on website. Next week post 11th June 2015 real big move will begin in Stock Market. Please Strictly follow Share Market Tips Given