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Now about market
Once again… we have seen vertical crash in
Nifty and Bank Nifty as panic continues. We clearly indicated to sell Nifty
future on rise with stop loss of 7756. It crashed and made a low of 7560.10 and
15793.05 in Nifty and Bank Nifty futures respectively
Hope you all enjoyed panic….
India stocks were lower after the close on Monday as
losses in the Healthcare, Metals and Banking
sectors led shares lower. At the close in NSE, the Nifty
lost 1.26% to hit a new 52-week low, while the Sensex
declined 1.22%. The best performers of the session on the Nifty were Tech Mahindra which rose 1.64% or 8.70 points to
trade at 538.00 at the close. Meanwhile HDFC
added 1.18% or 13.45 points to end at 1155.05 and Yes Bank was up 0.54% or 3.50 points to 650.70 in
late trade. The worst performers of the session were NMDC Ltd which fell 4.48% or 4.40 points to trade
at 93.85 at the close. IDFC declined 3.98% or 5.10 points to end at 123.10 and AXIS Bank
was down 3.88% or 18.15 points to 449.85. Falling stocks outnumbered advancing
ones on the India National Stock Exchange by 1165 to 260 and 9 ended unchanged;
on the Bombay Stock Exchange, 597 fell and 151 advanced, while 2 ended
unchanged. The India VIX, which measures the
implied volatility of S&P CNX Nifty options, was down 0.27% to 26.3500.
VEDL Future… Clearly indicated to sell on rise or
below 92.00 mark. It made a low of 89.65 in yesterday’s trading session. Three
consecutive closes + weekly close will create further panic till 85—82 mark in
days to come
Will it touch 70 mark… Hurdle and stop loss intact above
100 mark
Suntv future… Made a high of 400.70. It hit our
initial target but unable to sustain and crashed vertically again to 370 mark.
Need not to worry... Soon we will see reversal in it. Three consecutive closes
+ weekly close above 400 will see fire in Suntv
Target intact 550+. More levels only to our
subscribers
NMDC Future… Too slipped and made a low of 91.15.
Close below 91.00 will see further panic in NMDC future till 88—86.50 mark.
Revise stop loss at cost to cost
We have seen panic in Pharma stocks while support in
Tech stocks. INR is depreciating continuously against USD and this support IT
sector and export oriented companies
USDINR has resistance at 67.40. Three consecutive
closes + weekly close above 67.40 will see sharp upside rally till
69.00---70.50+ mark in days to come. Dollar Index is now trading around 96.20
and likely to test 96.50---96.80 and then to 97.50+ mark in days to come. If
this happen then it’s not good for EUR and other emerging markets
Traders remain cautious in Indices at lower levels as tomorrow
evening it could take U-turn at the close trade. If this happen then we will
expect rally to remain continue in this week else vice versa. Along with it all
eyed on FOMC meet which is scheduled on 17th September 2015
Now what to expect today....
Nifty Future... Well today below 7560 once again we will see
panic in Nifty future till 7522---7483. More and more panic will see below 7483
mark. Close below 7483 will see further panic till 7426---7376 mark in days to
come
Well above 7632… we will expect dead cat
bounce in Nifty future till 7669---7693 and then to 7730 mark
Further upside rally seen only close above
7756 level only
What to do in Bank nifty today...
Bank Nifty Future.... Below 15790, once again we will see panic in Bank Nifty till 15673---15586. Close below 15586 will see further panic till 15391---15236 mark.
Above 16056… we will expect dead cat bounce in
Nifty future till 16176---16236 and then to 16318 mark. Three consecutive closes
+ weekly close above 16318 will take to???
All are asking about Nifty that Kya lag raha hai. We will cover
complete story on Nifty future soon….
Today's Pick
Still looks weak and could test 63.00---61.50
mark. On rise sell it around 69.00---70.00
Stop loss above 74.00 on closing basis
Our 2nd Pick
Dish TV… Crashed and made a low of 99.40.
Below 99.00… we will see sharp panic till 96---94.50 mark
On rise sell it!! Stop loss only to our
subscriber
Investment Pick only for our subscribers.... More
levels and updates during market hours