SGX Nifty Futures 9th Nov 2016

SGX Nifty

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SGX Nifty Futures 9th Nov 2016

Nifty Futures / SGX Nifty once again continued its range bound movement and continued the current pullback that is going on. As per our analysis we are of the view that the current pullback that is going on will not last on the upside which is regardless of the US Presidential Election results in which as per our understanding markets have more or less priced in a Clinton win which simply means that prices will not sustain on the higher side regardless of whoever wins the elections (Does that mean that we can not see some more pullback? sure we can see some more pullback) and at the same time pullbacks will keep coming from lower side levels like the pullback which came in from 8400.

Please let me reiterate once again that from time to time we will keep taking tactical trades to trade the bounce back or pullbacks but also keep in mind that those pullbacks will not sustain and the wave target for this current move is 8167 and the final target is 5872. When we say final target of 5872 that does not mean that pullbacks will not come, we are very clear that there will be some major pullbacks also in between the down move and in that pullback we will trade on the long side and exit but after that pullback markets will keep moving lower again so please understand our view properly.
If you are only trading on the basis of this post please use appropriate risk management and then only trade. Please do not over trade and manage your trading risk at all times.

Whenever we see that the current pullback ends we will once again take trades for targets of 8167 in the near term. So please keep in mind that we are not bullish and at the same time we will trade long when we see the pullback or we get a good risk reward opportunity. 

Good Trading To You!

42 thoughts on “SGX Nifty Futures 9th Nov 2016

  1. Form is Temporary but Class is permanent. This is what I have to say at this point of time. Another good trade and too on consistent basis. Thanks for being my friend and Guru.

  2. Wow…awesome tactical moves with precision in Nifty……Superb Glen Sir, Crude trades are also appreciated…Thank you!!

  3. Sir,
    Do you see 16-17 Nov as major days as per astro and time cycle. There is guy called BO POLNY, who works on the days logic. Its not like his every prediction comes true, but he has been accurate in predicting the tops of the year with exact dates i.e. 15 Aug and 22 sep. As per him, addition of 55/56 days to one of these dates would result in a major crash. As 15 Aug + 55/56 days is done without any crash, it’s 22 sep + 55/56 days which comes to be 16/17 Nov. Kindly guide.


  4. I never doubt on Glen sir prediction from last few years…
    No one is perfect in the world even our GOD too…
    Trust n faith is important same like we have faith on our mother n father…

    Hats of your study…and all the best…


  5. What a lovely prediction by you sir. God blesssssss you. Please give your address so that I can send some gifts as a token of my salute.

  6. No one was openly predicting 8167 target and you had clearly said 8167 target just went below that and reversed back up. Perfect trading once again Glen Sir.

  7. Sir,
    I was holding 8600 and 8500 PE’s for nov and that has helped me to completely recover my F&O losses which I had created in July. In minor profits now. Even though I made initial losses in F&O as per your jun-jul analysis, I have recovered it completely now following you. Thanks a lot.



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