Nifty Futures,Nifty Future 3.45PM Update 28th April 2015
Nifty Futures has started pullback on expected lines. Reiterate this pullback is for exiting trapped longs (if you have not followed my advice and are still long then exit longs on this pullback) if you don’t exit on this pullback then be prepared to book loss. Nifty Futures we maintain our Target of 7961, Nifty Futures Minor and Major Trend are down.
Sugar sector is performing well on expected lines and we are very very bullish on this sector and especially Bajaj Hind, Renuka sugar and Eid parry on all dips Buy and hold tons of money to be made in this sector on long side.
Private sector banks have started giving some relief rally (yes its a relief rally not a upmove) so kindly do not try to Buy them exit trapped positions.
Same goes for Public sector banks on rise in all sectors except sugar you must get out for now later when to buy we will see. I will update later here but for now towards 8450/8550 Nifty spot levels you must exit and not take a chance.
USDINR we maintain our Target of 64.29 on dips impex traders are advised to hedge all imports including forward purchase for next three months minimum.
SGX Nifty Live Charts are provided for ready reference.
Good Trading To You!