SGX Nifty 8th Sept 2015

SGX Nifty

-167.76

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 Futures / SGX Nifty Charts / SGX Nifty Live / Nifty Trend / Nifty Prediction / Stock Market Tips for 8th Sept 2015

SGX Nifty / SGX Nifty Futures today opened higher on slightly positive global cues. However in second half Nifty started sliding and finally closed the day lower by 96 points at 7558. Yesterday we said that we see Nifty bottom between 7500-7600 and we maintain our view that this is not price to sell rather these are prices to buy for pullback. It is in your interest to check our track record rather than calling and talking to people who are stuck please read what I have been predicting. On 2nd July 2015 we have clearly mentioned 7550-7631 is the target for current move and as per our analysis current move is in final stage of ending. It will be prudent to start buying in a spread manner (please follow messages and trade if you are trading only on the basis of this post then please use proper risk management systems). Overall most people are talking about 7200 on the Street today and absolute fear has gripped them but as per our analysis we do not see 7200 coming now. (It will come but not in this current move)

SGX Nifty Minor Trend is Oversold. SGX Nifty Major Trend is down. Nifty support and resistance for tomorrow is at 7464 and7682. Nifty 50 spot levels mentioned. Readers of this website must understand that I am not a bear and nor a bull. If I see pullback I am updating about pullback. Traders may recall that on 4th March when full world was talking about 10500 I very clearly predicted Nifty target of 8400-8450, Then at 8250-8350 I clearly mentioned that we will see a pullback towards 8650-8750.

At 8650 again we mentioned this on 16th April 2015 we mentioned that Target for next move is 7961. Please check and read the link below

http://www.mallavv.com/sgx-nifty/nifty-futures-update-for-16th-april-2015.html

After Nifty broke 8000 this is what we clearly mentioned on 8th May 2015. In fact we even showed a contract note of covering all our short positions and mentioned about a pullback. Please check and read the link below

http://www.mallavv.com/sgx-nifty/sgx-nifty-8th-may-2015-updates.html

On 10th Aug 2015 we clearly mentioned that pullback is over and downside targets of 7899-7631 will come. Please check and read the link below

http://www.mallavv.com/sgx-nifty/sgx-nifty-10th-aug-2015.html

I can give as much proof that we had predicted all this fall well in advance. Now the current down cycle is coming to a end we are in last leg of the fall and it does not make sense to time it. Hence we are Buying into Indian Stock Markets on dips and accumulating but please understand only for a pullback. (Details of pullback are given to clients please follow messages and trade). I have given sufficient evidence of our analysis and everything we predicted is on record and you can see all our old archives but please do not listen to those people who were saying Buy at 9000 and now are telling you sell at 7550. Let wise wisdom prevail.

If you are stuck in long positions be calm and average the positions slowly and steadily and get out on a pullback.

Good Trading To You!