SGX Nifty 9th Nov 2015

SGX Nifty

-60.03

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 Live / Nifty Futures / Nifty Chart / Nifty Live for 9th Nov 2015

SGX Nifty today opened higher on strong global cues but could not sustain on the higher side. Nifty closed the day flat. As per our Stock Market Analysis / Nifty Prediction we are expecting a higher bottom to be formed shortly as we have a time cycle support which currently on till 9th Nov 2015. Post the higher bottom we expect Nifty Futures / SGX Nifty to resume its upward trajectory that started on 29th Sep 2015 from 7691 and then begin final tezi move of this year towards 8600+. We do not expect any significant downside post 9th Nov 2015 in Indian Stock Markets and once again reiterate our view that the risk reward ratio is in favor of buying as of now and not short selling the Indian Stock Markets / Nifty Futures. Certain stocks if give divergence signals could move higher by 20-30 percent during the bullish move we are about to see in the next few trading days. Extreme caution is advised in short positions. As of yesterday we have totally covered our short selling positions and are now waiting to build fresh longs at lower levels. The idea is to buy into panic as Major trend /Main trend is bullish for now. We once again reiterate that we will see 7400-7200-6800 but not in this current move in the current move we do not see any significant downside beyond 9th Nov 2015.

SGX Nifty Minor Trend is down. SGX Nifty Major Trend is up / bullish. Nifty support and resistance for tomorrow 9th Nov 2015 is at 7715 and 8126. If 8126 (Nifty 50 spot levels mentioned) if crossed with volumes before 9.45 AM expect Diwali fire works on Monday in Indian Stock Markets. Traders / Investors who are not our clients but read our post on a daily basis please understand that it will be a tactical entry on dips hence proper position sizing strategy needs to be done while buying at lower levels. (To know when to buy, what to buy and how much to buy join us and make money)

Nifty 50 Constituents

Reliance Share Price, Coal India Share Price and other commodity producing companies could see a sharp slide in the next few trading days. Please avoid buying these stocks as we could see 15 percent lower prices in both these stocks in the near term as astro cycle are indicating that international commodity prices could fall sharply in the near term. State Bank of India, Punjab National Bank, Bank of Baroda, Reliance Industries, Infy, Indusind Bank, Coal India, TCS, Ambuja and Bajaj Auto were in top 10 gainers list from Nifty 50 while Dr Reddy, Bosch , GAIL, Tata Steel, Tata Motors, Vedanta, ZEEL, BHEL , Sun Pharma and Ultra Tech Cements were in top 10 losers list today.

SGX Nifty Futures / SGX Nifty Charts / SGX Nifty Live updates are given below for ready reference.

Good Trading To You!