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SGX Nifty / Nifty Trend / Nifty Prediction / Stock Market Tips for 17th Aug 2015
SGX Nifty Trend today was positive. Nifty opened at 8402 made a low of 8381 and then started rallying along expected lines and made a high of 8530. Finally Nifty closed the day higher by 162 points at 8518. This is what we had mentioned in our update for 13th Aug 2015 “Tomorrow second half is positive as per astro / time cycle hence fresh selling / shorting at lower levels must be avoided. If we get small / low risk entry points we may look to enter long positions for short term / intraday but once pullback is over down move will resume again. We do not expect pullback to last over 2-3 days” So now the pullback we were expecting is done and we will be resuming down move again from Monday / Tuesday. Monday 17th Aug 2015 is a very negative day as per astro cycle / time cycle extreme caution is advised for long trades. It is important to note that 18 months back Mars was in cancer and it created havoc in Emerging Market currencies, Stock Markets all around the world plunged and corrected 12-18 percent. Gold and Silver were seen moving higher. Mars stays in 1 house for approximately 6 weeks and it has began impacting Stock markets around the world (all world stock markets have broken extremely important supports and we do not see them moving higher until mars changes house again so for another 5 weeks we can safely expect the trend to be lower). Since Mars has moved to cancer all world Stock Markets have started fast fall / corrections, all Emerging Market currencies have started depreciating (This is the exact same events seen 18 months back when Mars was in cancer). We expect this trend to continue for next 5 weeks. (I am sharing my view here if you are trading only on the basis of this post please do not trade. For making money in the stock market I have always maintained the most important factor will always remain risk management and I cannot explain that here. Please always trade only with strict stop loss or please follow a proven trading system do not take trades only on the basis of this post). SGX Nifty Minor Trend is down. SGX Nifty Major Trend is also down. Nifty Spot resistance for Monday 17th Aug 2015 is at 8552. Nifty Spot Support for Monday 17th Aug is at 8420. In this week Nifty range is expected to be between 8571-8215 (Nifty 50 spot levels mentioned). In a nutshell our view remains the same use pullbacks to exit trading / delivery long positions in the stock market / SGX Nifty Futures. Going by all past evidences we could see sudden sharp fall in the World Stock Markets as Mars in Cancer is clearly indicating down trend.
SGX Nifty Constituents
Punjab National Bank, ZEEL, Yes Bank, Bank of Baroda, Kotak Bank, Icici Bank, Vedanta, Indusind Bank, Reliance Industries, and State Bank of India were in the green and leading the Nifty 50 while Dr Reddy, BPCL and Infosys were dragging the Nifty 50 and were in the red.
USDINR is getting massive support from Mars in cancer and if this trend continues for this week we could see USDINR at 68+ by 15th Sept 2015. So this week is extremely crucial for INR. We do not see Reserve Bank of India cutting Interest rates immediately for now as they will wait and watch what is going on in the Asian Currency Basket. As always I request all importers to hedge their positions. I will update more details on USDINR during Live Market hours.
Good Trading To You!