SGX Nifty Futures
(Change Vs Today’s Nifty Futures (NSE) Closing)
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SGX Nifty Futures Update 7th Nov 2016
Nifty Futures / SGX Nifty yesterday was seen lower along expected lines. As per our analysis we do not see any upside moves or pullbacks sustaining but keep in mind that pullbacks will keep coming from time to time and we do not see one sided move for now at least.
Regular readers of this website are well aware that longer term our target for down side for this move is 5872 and the interim target for this move is 8167 so please keep that in mind.
Yesterday we have released our new multi bagger stock to our clients to all our clients and we expect this stock to give around 200-300 percent returns in the next 18-24 months. There could be some volatility in the counter in the near term but we have clearly mentioned to be buying on dips and accumulate on dips. It should not be bought or accumulated on spikes rather in panic we suggest to buy that stock. As most regular readers and clients of this website are well aware that I and my family and friends would also be accumulating the stock and we have started taking entry to the counter so please keep that in mind.
Crude Oil has been falling for the past few days and we had mentioned that 50-52.50 is a resistance for crude oil and now we see the correction coming to a end in crude oil and we see prices again moving higher. Longer term we remain very bullish on crude oil as we see a target of 60-70 dollars per barrel. Silver we have reduced exposure in the near term and longer term we remain very bullish but some volatility could come in the next few days buying into panic is suggested.
Good Trading To You!