Nifty Futures 6th March 2018
From an astro cycle perspective there are many important changes coming up and that in turn could affect markets. To start with Jupiter has just gone retrograde and mars will also be changing house shortly so we could see both these changes and some other astro signatures in the near term playing out.
Part of what we recommended to our clients.
3/5/18, 9:09 AM – Glen Drago: Gm
3/5/18, 9:09 AM – Glen Drago: Hold positions as told
3/5/18, 9:09 AM – Glen Drago: If anything to do will update
3/5/18, 9:16 AM – Glen Drago: Nifty stbt trade book 1st part between 10350-10330 spot Nifty levels mentioned.
3/5/18, 9:38 AM – Glen Drago: Stbt trade book at cmp
3/5/18, 9:38 AM – Glen Drago: Confirmation stbt trade booked at cmp
3/5/18, 9:38 AM – Glen Drago: Nifty hold positional shorts 4 parts as told
3/5/18, 9:38 AM – Glen Drago: If anything else to do will update
3/5/18, 11:59 AM – Glen Drago: Nifty continue holding 4 parts positional shorts as told
3/5/18, 11:59 AM – Glen Drago: If anything else to do will update
3/5/18, 12:33 PM – Glen Drago: Will keep updating if we have to do anything
3/5/18, 12:33 PM – Glen Drago: As of now just relax
3/5/18, 3:01 PM – Glen Drago: Indian bond yield has been consistently moving higher Making classical higher tops and higher bottoms this simply means that Reserve Bank of India will be forced to start moving rates higher and much faster than most people on the street are expecting it to. This in turn will increase the cost if capital for industry which inturn will affect bottom line of companies and that will surely have lot more negative impact than what people are expecting in terms of earnings from companies. We do not feel that there is any significant pick up in the corporate earnings that will be reported in the coming earnings season and hence at such hefty valuations we do not advise any buying from a medium term perspective even though some mid cap companies have fallen 20-40 Percent from their all time high that they hit in Jan 2018
Good Trading To You!