SGX Nifty Futures 19th May 2015

SGX Nifty Futures

-146.36

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 Futures 19th May 2015

SGX Nifty Futures today was trending up.As per our Nifty Prediction and Nifty Trend will turn up (Minor Trend) will turn up if 8421 Nifty spot is crossed tomorrow ( 19th May 2015) even in that case a decline will come towards 8270 Nifty spot level on that decline we will be buyers for target of 8750-8672 Nifty Spot level. If Nifty confirms breakout on Dips or low risk enter points or favorable risk reward points we will be buyers. We are expecting a rate cut within next 24 hours and post rate cut if Nifty starts fast decline then Target for Nifty Futures will be 7631 if decline post Reserve Bank event is slow or after crossing 8421 Nifty spot decline is slow towards 8270 then target will be 8750-8672. Hope I have clearly explained my view.

SGX Nifty Futures if crosses 8421 and slow decline towards 8270 then Target 8750.

SGX Nifty Futures does not cross 8421 and starts fast decline then TGT 7631.

Within Nifty today GAIL, RIL, Tata Power, Dr Reddy’s and HDFC Bank were out-performers in Nifty 50Coal India, Wipro, Tata Motors, Hero Motors, and Vedanta. Underperformed today.Nifty Futures will be extremely volatile till 11th June 2015, expect Nifty to suddenly change directions and give counter  trend moves, these counter trend moves may last from one trading day to four trading days. Counter trend moves must be used to enter main trend.

USDINR May Futures if crosses 63.85 then rate cut will come at current USDINR rate and we are not of the opinion that Reserve Bank will wait for Rupee to appreciate vs the US dollar to cut 25 Bps. Bottom line is after the rate cut event speed on the downside will be the single most important indicator to watch out for. (will update details to clients during market hours) 

Outside Nifty Futures, Reiterate Buy and Hold Bajaj Hindustan,Renuka Sugar and Eid Parry we expect all of them to start running post 10th July 2015.

If Nifty confirms breakout then Bajaj Auto and Hero will outperform while if Nifty confirms breakdown the Punjab National bank, Icici Bank and PSU Banking sector will under perform.

SGX Nifty Live Updates will be given as and when possible.

For Bank Nifty Futures Levels Resistance Support View Click Here.

Good Trading To You!