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SGX Nifty Update 10th June 2015 12.05Am
SGX Nifty is down by 33 points and is trading at 7991, as per our analysis SGX Nifty won’t go much lower from here directly (Overall maintain Trend is down) however we don’t see direct 7800 we see Nifty bouncing towards 8250 Nifty spot levels mentioned and then falling towards 7800-7631. Certain parameters and divergences are very clear and we don’t recommend / advise to sell fresh here. On the contrary we can play pullback towards 8250 Nifty spot for the time being by way of Buying 8200 /8100 June Calls.
On MSCI rejig we don’t see much material difference immediately regardless of the event. The next major event is Fed Meeting next week and we expect the commentary will start changing slowly towards rate hike. As per astro cycle and Time cycle we expect rate hikes to begin after Sept 2015 but the commentary will start changing either from this policy meet or the next policy meet.
Back to Nifty we see next two days as a pullback Friday onwards a down move will begin again till Thursday 3 PM we don’t see Stock Markets falling directly from here or risk of getting stuck in longs bought around 8000 levels.
Sugar Sector Update. (10th June 2015 1Am Update)
Readers of this website and clients are well aware that I am bullish on sugar and overall on agri commodities. We have been recommending to Buy and Hold Bajaj Hindustan, Renuka Sugar and EID Parry and we maintain that after 10th July 2015 we will see a amazing powerful time cycle in Sugar and most agri commodities will begin making a bottom and then by end of 2015 most agri commodities will start up move after making 30 year cycle bottom. As per my understanding of Time cycle and astro cycle Agri commodity stocks will give huge returns to investors that no other sector will be able to give. (Because agri commodities will be making 30 year cycle low, in some cases it may even be 60 year grand cycle low) Rule to make money in Stock Market investments Buy at low sell at high So accumulate Sugar for Now and enjoy the ride post 10th July 2015. From around Dec 2015 Sugar will enter a super sonic phase when so called “Smart money will begin Buying into sugar sector and stocks” (Be ultra smart and Buy now that will be better).
Cotton will also zoom significantly higher from current prices. Cotton may zoom 70-120% higher from here means it could touch 110.
Coffee looks like bottom is already done. Details will be given later.
Good Trading To You!
SGX Nifty / Nifty Trend 10th June 2015
SGX Nifty / Nifty Trend Today was flat along expected lines. Vedanta, Gail, Hindustan Lever, Axis Bank, Icici Bank and Tata Motors were up between 2-1% each and were outperforming Nifty 50 today. Cairn, Cipla and Dr Reddy were on the losing side today on 9th June 2015.
Share Market / Stock Market Update For 10th June 2015
As per our SGX Nifty / Nifty Trend / Nifty Prediction Trend remains down. Both Major Nifty Trend and Minor Nifty Trend remain down. SGX Nifty / Nifty Spot has resistance at 8200-8300 (Nifty Spot Levels Mentioned for 10th June 2015). There is minor positive sub cycle and we expect Stock market to give pullback towards 8250 (Stock Market /Share Market will keep giving counter trend pullbacks till 11th June 2015). Overall we expect this pullback to go towards 8300-8250 (Nifty Spot Levels Mentioned). On rise exit delivery positions in stock market / share market. (If you miss exiting now on this pullback or don’t hedge positions properly be prepared to book huge loss)
We have been recommending /advising since 4th March 2015 to reduce Share Market / Stock Market / Indian Equities Positions / Risk on assets as target for Nifty is 7211 by Aug 1st week If certain parameters are fulfilled we will see 7211 by 15th July 2015 hence extreme caution is advised. In short reduce Stock Market Delivery Longs and Stock Market Derivative Long Positions on rise and at current market price.
USDINR 10th June 2015
USDINR our advice / recommendation remains the same. USDINR Trend today (9th June 2015) Trend was down. USDINR both Major and Minor Trend remains Up (It has been totally up since 61). Overall our Target for USDINR is 72 with in this financial year. Minor pullback can be seen this week towards 63.50 (June Fut Lvl) / 63.20 On Spot Level. On pullback we recommend Importers to Hedge positions for at least next 3 months. As per our analysis super sonic fast wave will start anytime taking USDINR beyond 66+ by Aug 1st week. After 12th June 2015 any time if a a super fast depreciation starts then it will further confirm our view in USDINR. Extreme caution is advised for USDINR.
Crude Oil Comex
Maintain our TGT for Crude Oil at 72$/BBL. Crude Oil ha a important astro cycle and time cycle resistance e on 12th June ( Neptune is ruler of Crude Oil and Neptune turns retrograde on 12th June 2015 This is important event as per Financial Astrology) what crude oil does between 12-15th is very important to watch out for (May give some pullback or does it start blasting on upside we will see and update on confirmation). Overall we maintain Crude Oil target of 72. It is possible / likely that a pullback may come in Crude Oil from 12th June for 7-10 Trading days. When this decline does come crude oil derivative products should be bought (friends connected to Reliance Industries please don’t buy or take delivery of crude oil derivatives for next few days neche ke bhavv mea milega)
Bank Nifty 10th June 2015
Bank Nifty Trend Today was down. Bank Nifty both Major and Minor trend continue to be down. Avoid this sector for now.
Axis Bank has resistance at has time cycle resistance on 12th June 2015 if up move / pullback fails on 12th June 2015 expect super fast decline in this counter.
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Good Trading To You!
SGX Nifty Chart Is Enclosed For Ready Reference