SGX Nifty Futures 21st May 2015

SGX Nifty Futures

-109.99

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 21st May 2015

SGX Nifty Futures continued its pullback today. On upper end loss of momentum was noticed as our our SGX Nifty Futures Prediction and Nifty Trend major and minor trend continue down. Nifty Futures trend will only change to neutral if Nifty Spot is stable above 8441. We have bought Nifty May 8500 Put and are holding those positions as of now. As per Financial astrology some big bang down move is possible along with massive volatility within the next 72 hours traders must be extremely careful while trading and must use strict stop losses also must follow active money management and risk management systems  to avoid getting trapped on wrong side of the Nifty Trend. We have got secondary confirmation for 7631, Nifty spot below 8301 will confirm out Nifty Futures target of 7631. We will get final confirmation for 7631 either on 22nd May 2015 or 25th May 2015. Once we get confirmation will update more in detail.

Within Nifty constituents IT sector and Banking sector were outperforming while Bajaj Auto, Tata Steel Bhel and Hindalco were dragging the Nifty Futures. Bajaj Auto will be coming out with Q4 numbers on 21st May 2015. As per analyst consensuses Bajaj Auto is expected to report 652 Crore Profit. Revenue is also likely to decline, for the first time in many quarters, due to big drop in volumes across segments.

SGX Nifty has support at 8302-8338 Nifty spot level mentioned if this level breaks before 12.01 AM on Monday 25th May 2015 it will signal that Nifty Futures is headed for 7200-6800 levels soon could be possible around 10th July 2015. So it is advisable to manage risk in respective portfolio also. If Nifty Futures begins collapse on 21st May 2015 or on 22nd May 2015 expect mayhem in markets.

USDINR has confirmed a breakout yet again and is now headed for 65.29 Spot levels mentioned. We have been advising our clients especially importers to hedge their requirements well in advance. Overall we expect USDINR to touch 72 within this financial year. (awaiting final confirmation for the same)

We maintain our Buy and Hold in the sugar sector. Reiterate Buy and Hold Bajaj Hindustan, Renuka Sugar and Eid Parry. All these stocks are expected to blast on the upside post 10th July 2015. As per our analysis they are making their 30 year bottom. 

Nifty Possible scenario Condition 1 moves above 8441 (Nifty spot levels mentioned) then

8450-8500>>8270-8350>>8672-8750

Nifty Possible scenario Condition 2 does not move above 8441 and falls below 8301 (Nifty spot levels mentioned) then

CMP>>7631-7839 (fast move before 28th May 2015) or early June 2015

SGX Nifty Live updates will be given as and when possible. For customized broking or advisory solutions feel free to call me on 9222294707.

Good Trading To You!