SGX Nifty 9th Oct 2015

SGX Nifty

-125.10

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 9th Oct 2015

SGX Nifty Trend Today was negative Nifty closed the day lower at 8128 lower by 48 points.  Nifty today opened higher at 8191 and then started a slow steady slide towards 8105 during the slow slide volumes were continually declining on the downside which is another classic technical indicator that pullback must be bought. The decline was very clearly showing that this is a pullback within a up move and pullback has to be bought into at appropriate points with proper risk management systems yet open interest shows shorts have further piled up and Janta was further adding short positions. Nifty has been making classic higher tops and higher bottoms in all time frames and it is amply and clearly conveying the message that the move is on the upside and dips have to be bought into rather than trying to call the top and shorting this market. Idea Cellular, Reliance Industries, Axis Bank and ITC were leading the downside today.

As per our Stock Market Tips / Stock Market Advice / Nifty Prediction the best strategy is to buy on dips. We do expect a major short covering rally to begin anytime and with Jupiter Opposition Pluto expect destruction of shorts from the system. SGX Nifty Minor Trend is Up.SGX Nifty Major Trend is Up. Nifty support and resistance for tomorrow is at 8060 and 8268. (Nifty 50 spot levels mentioned)

Stock Market Tips / Stock Market Advice Given today Chat Transcript is enclosed below.

[10/8/2015, 9:10 AM] +91 92222 94707: Gm
[10/8/2015, 9:10 AM] +91 92222 94707: Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 11:18 AM] +91 92222 94707: Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 11:26 AM] +91 92222 94707: BTST Trade Nifty Buy 1 Part @ CMP & 2nd Part @ 8128 SL 8121 Spot Lvls Mentioned Trade In Oct Fut
[10/8/2015, 11:26 AM] +91 92222 94707: Confirmation Nifty BTST Trade 1 Part Active
[10/8/2015, 11:26 AM] +91 92222 94707: Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 11:37 AM] +91 92222 94707: Nifty 2nd Part Active
[10/8/2015, 11:38 AM] +91 92222 94707: If 8121 Is Breached N Spot Then Hit SL Only For BTST Trade
[10/8/2015, 11:38 AM] +91 92222 94707: Buy Again 8120 SL
[10/8/2015, 11:38 AM] +91 92222 94707: spot
[10/8/2015, 11:39 AM] +91 92222 94707: BTST Trade Nifty Oct Fut 2 Parts Active SL 8120 Spot Nifty
[10/8/2015, 11:40 AM] +91 92222 94707: Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 11:44 AM] +91 92222 94707: SL Hit In BTST Trade
[10/8/2015, 11:44 AM] +91 92222 94707: Hold Positional Trade Till Next Update
[10/8/2015, 11:47 AM] +91 92222 94707: BTST Trade Nifty Buy 1 Part @ 8105 & 2nd Part @ 8088 SL 8077 Spot Rates Mentioned Trade In Oct Fut
[10/8/2015, 11:50 AM] +91 92222 94707: Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 12:02 PM] +91 92222 94707: If comes lower we will buy BTST Trade if not we continue holding Positional Trade
[10/8/2015, 12:59 PM] +91 92222 94707: BTST Trade Nifty Oct Fut Buy 1 Part @ CMP & 2nd Part @ 8088 SL 8077 Spot Lvl
[10/8/2015, 1:00 PM] +91 92222 94707: Confirmation Nifty BTST Trade 1 Part Active
[10/8/2015, 1:03 PM] +91 92222 94707: We are expecting Nifty to cross 8310 Spot tomorrow
[10/8/2015, 1:45 PM] +91 92222 94707: BTST Trade Update Nifty Book 50% Of Part 1 @ CMP & Hold Rem Qty Till Next Update.  Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 1:45 PM] +91 92222 94707: Confirmation Nifty BTST Trade 50% Booked Of Part 1
[10/8/2015, 1:46 PM] +91 92222 94707: Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 2:10 PM] +91 92222 94707: BTST Trade Update Nifty Buy 50% Of Part 1 @ 8105 Spot & 2nd Part @ @ 8088 SL 8077 Spot Lvl
[10/8/2015, 3:26 PM] +91 92222 94707: Positional Trade Update Nifty Oct Fut Continue Holding 1 Part Till Next Update
[10/8/2015, 3:27 PM] +91 92222 94707: BTST Trade Carry Rem 50% Qty Till Next Update

Sugar Sector Update

Some sugar stocks did cool off after stellar performance shown in past 2-3 trading days. We expect fireworks to continue from a longer term perspective. Sugar will be the best performing sector as per our astro cycle analysis over the next three years till 2019. Buy / Accumulate Renuka, Bajaj Hind and EID Parry on dips. The Sector is in for a amazing boom cycle something very similar to what happened to IT companies in 1998-2000 period.

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

Good Trading To You!