-------- Forwarded Message --------
Subject: Nifty Fut (Oct): Need To Sustain Above 8200-8250 Zone For
8400-8675; Otherwise Can Consolidate A Bit Up To 7850-7690
Date: Wed, 7 Oct 2015 08:25:20 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*Forthcoming Bihar Election, GST Passage & Q2FY16 Result Might Be The
Next Triggers/Laggards*
SGX NF: 8170 (CMP)
NSE NF: 8162 (LTP)
*Trading Levels: NSE-NF*
SL (+/-) 10 POINTS FROM SLR
Intraday Swing Trader
T1 T2 T3 T4 T5 SLR
8205
8233-50* 8302-77 8405-30* 8500-50 8600-75*
<8185
8185
8150-100* 8050-8000 7760-7690 7670-30 7574-40
>8205
Conservative Positional Trader
T1 T2 T3 T4 T5 SLR
8205
8250* 8377 8430* 8550 8675* <8185
8185
8100* 8000 7690* 7630 7540* >8205
After surprised RBI cut of 0.50%, all eyes are now on the Govt for their
part. Our Govt is already showing various proactive measures/initiatives
for reforms, which need not take parliamentary legislation and as a
result of both, "Rajan Rally" extends to around 6% in six days.
Now, looking forward, 8200-8250 is a strong technical hurdle area and NF
will need some triggers in the form of forthcoming Bihar elections (good
result for BJP), possible GST passage and improved Q2FY16 result. We
need at least 15-20% sustainable growth in EPS (YOY) for our market to
scale 8675-9200 by Dec'15-March'16.
Otherwise, expect some consolidation till 7690 and buy on dips approach
might work good as depressed commodity prices, lower interest rate
environment and better operating leverages for corporate India may
result in better earnings as widely expected by FY-17.
Globally, all eyes will be on BOJ announcement shortly and be sure,
there will be no dearth of liquidity in the days ahead !!. All major
central banks will continue their accommodative policy and monetary
stimulus.
*Analytical Charts:*
<http://4.bp.blogspot.com/-eGUeKWKp4Ek/VhSGA9X3ZWI/AAAAAAAAENk/BUXATn9uecU/s1600/NF-06-10-2015.png>
<http://1.bp.blogspot.com/-ldFTOehBqsU/VhSGC9DCzcI/AAAAAAAAENs/EZ9fDEnMeC0/s1600/NF-FIBB-06-10-2015.png>
<http://3.bp.blogspot.com/-4py8Tkf-h0w/VhSGFBZy0MI/AAAAAAAAEN0/Tj6qDhpId8w/s1600/NF-MA-06-10-2015.png>
<http://1.bp.blogspot.com/-QJeD6JAEW5E/VhSGIFZQWKI/AAAAAAAAEN8/fptcnxGOKtk/s1600/NF-TL-RSI-06-10-2015.png>
<http://2.bp.blogspot.com/-UID7alUmXxI/VhSGLcax6YI/AAAAAAAAEOE/xiENr9ncEvY/s1600/NF-PATTERN-06-10-2015.png>
<http://1.bp.blogspot.com/-uXNiuw2wcsA/VhSGUtnDdEI/AAAAAAAAEOM/NmdYq4QK6IY/s1600/NF-EW-06-10-2015.png>
-- Thanks & Regards, Asis Ghosh (asisghosh.blogspot.com)
--
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