SGX Nifty,SGX Nifty Futures Live Updates 4th May 2015 3.40PM
SGX Nifty, SGX Nifty Futures, Nifty Futures started bounce back on expected lines today. Nifty was strong right from the word go, however this pullback must be used to exit trapped long positions and avoid trading on the long side (I personally recommend and follow only main trend which is down as of now atleast)
Sensex rallied 479 points and Nifty was in green by 160 points led by banks & financials, FMCG, healthcare, select auto and oil stocks. ONGC rocked today we had given this yesterday to keep a watch. Hope you all benefited from our advice.
SGX Nifty, SGX Nifty Futures, Nifty Futures both Minor and Major Trend continue to be down and are in pullback/ bounce back mode, we expect this pullback to halt between 8400-8500 Nifty spot. If we see 8400-8500 before 11.37AM on Wednesday 6th May 2015 and if it starts falling from there expect SGX Nifty, SGX Nifty Futures, Nifty Futures to resume fall in supersonic speed talking Nifty well below 7961. As of now we maintain our target of 7961 and if certain parameters are completed and confirmed SGX NIfty Futures will touch 7200 by 10th July 2015. More details to our clients live during market hours.
Tactically we can short some of the weak stocks also and I don’t recommend having long exposure in equities with the exception of sugar stocks (Bajaj Hindustan, Renuka Sugar and Eid Parry) I am very bullish as I see one of the greatest bull run of sugar about to start post 10th July 2015 (as of now we are in accumulation phase and already Bajaj Hindustan has given 50% return )
Which sectors to sell which stocks to avoid and what exposure to have in equities all details will be given to our clients by Wednesday. It’s a patience game for next two days and if we get confirmation for supersonic downside expect all fund managers, Investors will run for cover but actually speaking there is very few stocks and sectors where you can take cover.
Tata Steel if crosses ?7? Before 11.37 AM on Wednesday 6th May 2015 then expect fire works here. Expect Tata Steel To Outperform even if Nifty comes lower Tata Steel will keep running up.
Three counters are looking to buck the trend and zoom up they could very well give 25% return within May series itself. Details will be given to clients soon once we get confirmations.
Bank Nifty Futures will make a top soon kindly be careful both private sector banks and public sector banks will go for a toss if some pattern gets confirmed. Details to our clients soon.
ONGC I had recommended yesterday and it blasted on upside today 8 percent up today. What’s going on there ? If ?2? Is crossed before 12.24 PM on Wednesday 6th May 2015 then ONGC will just zoom rocket.
Aban has support at 392-389 Nse spot levels
For details of our Portfolio Advisory Services Or Nifty Futures Services please feel free to call me on 9222294707
SGX Nifty, SGX Nifty Futures, Nifty Futures live Chart is enclosed below for ready reference.
Good Trading To You!