SGX Nifty 8th May 2015 Updates

SGX Nifty 8th May 2015 1.40PM Update

Bank Nifty we don’t see pullback going beyond 1??95. When & where to sell I will update. Private sector and public sector banks will lead the next round of downside.

SGX Nifty 8th May 2015 1.35PM Update

SGX Nifty we don’t see pullback extending beyond 8??1-8??0 Nifty spot, Minor and Major Trend remains down. This is also a pullback and once pullback is over our downside targets will be 7??1. However selling needs to be done only at small stop loss points. (I will update when & where to sell to our clients).

SGX Nifty 8th May 2015 11.10AM Update.

SGX Nifty,SGX Nifty Futures has started a bounce back again after touching our support and target zone. yesterday we have covered our shorts and now we don’t have any open positions. What To Buy/Sell When To Buy/Sell More Details To Our clients. (Contract notes are enclosed below) Very important to note its not just when we sold with small stop loss its also important to see how swiftly we covered positions please see time and price carefully.

Sir/ Madam,
I / We have this day done by your order and on your account the following transactions:
Order No. Order Time Trade No. Trade Time Security/ Contract description Buy / Sell Quantity Gross Rate/ Trade Price Per unit (Rs) Brokerage per Unit  (Rs) Net Rate per Unit (Rs) Net Total (Before Levies) (Rs)
1100000002583190 10:08:07 20123835 10:08:07 FUTIDX NIFTY 25-Jun-2015 Sell -250 8170.120000 0.817000 8169.303000 2042325.75
1100000006182700 12:29:02 20252774 12:29:02 FUTIDX NIFTY 25-Jun-2015 Buy 250 8132.385000 0.000000 8132.385000 -2033096.25
Scrip Total :: -0 9229.50
STT :: 204.25
Total :: 625 -3250206.25 665.3050 -3250871.56
Total (Before Levies) -3250871.56
Service Tax on Brokerage Rs. 82.23
Stamp Duty Rs. 180.75
Security Transaction Tax Rs. 292.00
Other Charge Rs. 361.91
Net amount receivable by Client – Rs.14359.05 Cr ( Fourteen Thousand Three Hundreds Fifty Nine and Five Paisa Only )
Sir/ Madam,
I / We have this day done by your order and on your account the following transactions:
Order No. Order Time Trade No. Trade Time Security/ Contract description Buy / Sell Quantity Gross Rate/ Trade Price Per unit (Rs) Brokerage per Unit  (Rs) Net Rate per Unit (Rs) Net Total (Before Levies) (Rs)
1400000004302901 14:54:49 80285504 14:55:01 FUTIDX BANKNIFTY 28-May-2015 Buy 100 17310.000000 0.000000 ########### -1731000.00
Scrip Total :: -0 17310.00
STT :: 181.77
Total :: 100 17310 0.0000 -1557900.00
Total (Before Levies) -1557900.00
Service Tax on Brokerage Rs. 0.00
Stamp Duty Rs. 227.68
Security Transaction Tax Rs. 181.77
Other Charge Rs. 125.00
Net amount receivable by Client – Rs.17354.56 Cr ( Seventeen Thousand Three Hundreds Fifty Four and Fifty Six Paisa Only )

SGX Nifty 8th May 2015

SGX Nifty,SGX Nifty Futures fell and almost touched out Target of 7961 Nifty Spot touching fresh 2015 lows. We have been advising to stay away from longs and not try bottom fishing and our advise has proven to be accurate very accurate. We were able to sell SGX Nifty,SGX Nifty Futures on minor pullback in the morning and we did do intraday trade in SGX Nifty Futures gaining almost 80 points intraday and also we have covered our positional shorts in Bank Nifty Futures and SGX Nifty Futures. (will upload the contract notes when I get them please see what price we covered and what time we covered)

USDINR also almost touched out target of 64.29 hitting fresh twenty month lows slipping 69 paise to 64.23 a dollar this was the biggest intraday fall since December 15, 2014 and we maintain that if certain parameters get completed then we will see 72 within this financial year and that’s not good for longer term bulls. 

IT was the only sector that stood out today however as of now we don’t recommend buying in this sector also. We maintain our Top Buys as Tata Steel in large cap space but million dollar question is where to buy with what stop loss with volatility 

Sugar also corrected but use this kind of declines to Buy and hold and post 10th July 2015 you will start understanding why I am recommending sugar stocks so aggressively. On Dips Buy and accumulate Renuka Sugar, Bajaj Hindustan and Eid Parry.

SGX Nifty Futures live updates will be given as and when possible.

Good Trading To You!