SGX Nifty / Nifty Trend / Nifty Prediction / Stock Market Tips For 17th June 2015
SGX Nifty / Nifty Trend Today was choppy. Nifty spot opened at 8009 then went lower up to 7952 and then staged a pullback towards 8061 and finally closed at 8056 (Nifty 50 Spot Levels Mentioned) . As per our analysis SGX Nifty / Nifty Trend / Nifty Prediction Trend remains down but selling should be done only at higher levels we don’t recommend selling fresh at lower levels and on pullback towards 8191-8250 spot selling should be done for targets of 7750-7850. (Min will breach 7899 Nifty spot after which a pullback is possible even up to 8490 area may be even 8550, More Details to clients during live Stock Market Hours (This pullback can come towards 22nd June 2015-30th June 2015 as Jupiter Trines Uranus and this geocosmic signature has a very high correlation in our astro cycle studies for tops both short term tops and long term tops to be created). Next few days are going to remain very choppy trade light and be very careful. Kindly avoid heavy volume trading at least till FOMC meet.
Even If a pullback comes towards 8250-8490-8550 even then we see Nifty spot falling towards 7211 in July-Aug 1st week as major negative time cycles and astro cycles will impact the Stock Markets very severely. SGX Nifty may even touch 6800 if certain conditions are fulfilled. (Details will be given live to clients when and what to do) Our advice and recommendation remains the same till 1st week of Aug 2015 or at least till 15th July 2015 do not try bottom fishing, use rise to exit trading long positions and delivery long positions in Stock Markets and post the major fall initiate buying for investments.
Bank Nifty Trend / Bank Nifty Predictions / Stock Market Tips For 17th June 2015
Bank Nifty Trend Today was positive however as per our analysis both Major and Minor Trend remain down in Bank Nifty. We maintain our advice to skip this sector totally mere changes at the top level in Public Sector Banks will not change the NPA’s (Non Performing Assets) we maintain our negative stance on both Public Sector Banking and Private Sector Banking. Over next 6-9 months all of them face severe asset quality issues and at current valuations we don’t see buying them as a good investment.
USDINR Trend / USDINR Prediction For 17th June 2015
USDINR Trend is up. Overall we expect USDINR to touch 72 within this financial year for trading I will update during live market hours when and where to Buy and Hold. Importers must be hedged for at least next 3 months in forward trading.
Sugar Sector Update.
Use all dips to Buy / Accumulate Sugar Stocks. We have been recommending investments in Bajaj Hindustan, Renuka Sugar and EID parry. We maintain on 10th July 2015 down cycle will end in sugar stocks and a major up cycle will begin in sugar sector. Real fireworks after Oct 2015 expected to begin in sugar stocks.
For details of our advisory services, Nifty Futures Nifty Options or Portfolio Advisory Services feel free to call me on 9222294707.
Good Trading To you!