ATRO GUIDE FOR NIFTY

FROM TODAY ONWARDS FAMOUS ASTRO TECHNICAL ANALYST Dr. Bhuvanagiri Amaranatha Sastry garu is giving ASTRO PREDICTIONS FOR THE NIFTY IN OUR BLOG....TOMORROW PREDICTIONS AS FALLOWS...

OPENING SESSION CRUCIAL...SENSITIVE

Week started off on a negative note suggesting lack of buying interest at higher levels.  Stop loss for Nifty long positions may be maintained at 6225 on close basis. Nifty spot is expected to encounter resistance at 6295,  6335 and find support at 6215, 6180 for  Wednesday. While Global cues, Funds flow and Quarterly Results are expected to broadly guide the market movement, based on the present market position, market is expected to  have crucial opening and general remain better thereafter with dual movements.

Review for Tuesday, 05th October, 2013 :: Nifty Down…  Midcaps Up   ..!!

Nifty                               6253         -64

First day of New Financial Year (after Diwali) started off on a negative note with indices retracing 1%. 32 of Nifty stocks closed in the red but broader markets were positive with Advances outnumbering Declines with Advance Decline ratio at 1.15:1. BPCL, NMDC, DLF, Asian Paints and JP Associates gained among Nifty stocks while ITC, ICICI Bank, Power Grid, Dr Reddy, Sun Pharma remained major losers . ITC and ICICI Bank dragged down Nifty by more than 35 points.

Among F&O stocks,  Jubilant Food, IRB, FRL, Andhra Bank, India Cement       remained major gainers  while Shriram Transport, RCom, UBL, Idea, ITC    remained  major losers.

SENSEX FALLS ON PROFIT BOOKING...CLOSES @ 20,974.79

The benchmark Sensex on tuesday slipped 265 points from a record close, the most in more than a month, amid profit booking and mixed global cues. The S&P BSE Sensex, which ended at 21,239.36 during the special Diwali 'Muhurat' trading on Sunday, snapped five days of gains and fell 264.57 points, or 1.25 per cent, to close at 20,974.79. Today's fall was the worst since September 30, when it lost 347.50 points. ITC, ICICI Bank and TCS were the biggest drag as 22 of the 30 index stocks declined. FMCG, healthcare and IT sector stocks fell. The Sensex had gained 669.08 points in the previous five trading days. The 50-share CNX on the National Stock Exchange declined 64.20 points, or 1.02 per cent, to 6,253.15. The SX40 index on the MCX Stock Exchange closed at 12,494.1, down 105.43 points. India's services sector contracted for the fourth successive month amid economic uncertainty. The HSBC/Markit purchasing managers index for the services industry was at 47.1 in October from 44.6 in September. An index value of below 50 indicates contraction. Finance Minister P Chidambaram today exuded confidence that India's current account deficit will be contained below USD 60 billion this financial year against an earlier estimate of USD 70 billion. Asian stocks ended mixed amid speculation that a meeting of China's top party officials this weekend may struggle to meet market expectations for economic reforms in the world's second-biggest economy. Key indices in China, Japan and Singapore moved up, while they fell in Hong Kong, South Korea and Taiwan.

ITC TOP LOOSER 

Amidst the sell-off, FMCG major ITC topped among the laggards, followed by ICICI Bank, Power Grid, Dr Reddy's, Sun Pharma, Ranbaxy, TCS, Sesa Sterlite, Bank of Baroda and HUL, while key index stock gainers included BPCL, NMDC, DLF, Asian Paints, JP Associates, Hindalco, Coal India, Tata Motors, PNB and IndusInd Bank. The turnover in the cash segment was substantially higher 12,845.45 crore. A total of 7,944.35 lakh shares changed hands in 70,67,448 trades, while market capitalisation stood at Rs 67,16,323 crore.