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Showing posts from September, 2014

NIFTY OUTLOOK FOR 01 & REVIEW

MID SESSION SUBDUED
Nifty                               7965  +6While Nifty closed flat for the day. It  traded in a zigzag manner breaching Monday’s Low and high level. Weak sectors such as Realty, Infra and PSU Bank closed further weak  Broader market too was weak with negative Advance Decline ratio.  Nifty spot is expected to encounter resistance at 8005,, 8040 and find support at 7925, 7890 for Wednesday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to trade in a zigzag manner with subdued midsession. As market reopens only on 7th October after a holiday of 5 days, unwinding of short term positions / profit booking could be witnessed.

FOCUS ON LIG/EWS

Real estate developers should focus on addressing the housing demand of lower income group and economically weaker section, a senior government official said today. Addressing a real estate conference here, Ministry of Housing & Urban Poverty Alleviation Joint Secretary Karan Bir Singh Sidhu said that there is shortage of about 2 crore houses in the country, of which maximum exists for the EWS/LIG section of society. "Organised real estate must address the demand of LIG and EWS," he said at a conference organised by the Indian Chamber of Commerce. He asked the developers to move on from a low volume-high margin business to low margin-larger volume business. Noting that supply is more in the middle income and luxury segment, Sidhu said the private sector also has an important role to play in providing homes to LIG/EWS section. Speaking on the occasion, the apex realtors' body Credai Chairman Lalit Kumar Jain demanded online approval of realty projects to create housin…

NIFTY OUTLOOK FOR 30 & REVIEW

RBI POLICY HOLDS KEY
Nifty                               7959  -10Nifty traded in a narrow range and closed marginally in the negative. However, broader market appeared positive with Advance Decline ratio at 1:0.6. RBI Policy would set the tone of the market and Monday’s market appeared like a “Calm before Storm”.  Nifty spot is expected to encounter resistance at 8000,, 8040 and find support at 7920, 7880 for Tuesday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to trade in a zigzag manner and would be guided by RBI Policy.better Second half.  SENSEX FELL BY 29 Pts AHEAD RBI POLICY
The benchmark Sensex today fell about 29 points to end at 26,597.11 on weakness in interest rate sensitive banking and auto shares ahead of RBI's monetary policy review. The BSE 30-share index today resumed better and gyrated in and out of positive terrain in a range of 26,715.77 and 26,518.01, before …

WEEKLY ASTRO GUIDE FOR NIFTY

RBI POLICY DECIDING FACTOR
Planetary Position ::   During the current week Moon would be transiting  from Anuradha in Scorpio  to Moola  in Sagittarius. Sun transits in Hastha  in Virgo . Mercury transits  in Swathi   in  Libra. Venus transits in Uttara in  Virgo. Mars  transits in   Anuradha  and Jyeshta constellations in Scorpio .   Saturn transits in Visakha constellation in Libra and in Taurus Navamsa .   Jupiter transits in Aslesha constellation in Cancer and in Capricorn navamsa .. Mars trine Jupiter and Uranus during the week denotes bountiful activity in markets. Nifty could not breach the higher end of monthly astro range of 8180.
Nifty Outlook for Next Week :: (29.09.2014 to 01.10.2014)
NIFTY :: 7969 (-160) (Further Bearishness for Nifty only below 7800….)
Nifty snapped Six week winning streak and fell nearly 2% in view of the Supreme Court verdict on Coal allocation issue but heaved a sigh of relief in the closing hour due to S&P news on credit outlook. However, SC’s verdict had t…

BSE TO CLOCK 20 MICRO SECONDS SPEED

Having begun with a humble background of functioning under banyan trees, India's leading bourse BSE is now eyeing a slot among the world's most technologically advanced exchanges and is targeting ten-times faster trades on its platform within three years. Already, the exchange has made significant changes in its technology and has attained a response time of 200 micro- seconds for trades executed on its platform, BSE CEO Ashish Chauhan said. The aim is to bring the response time further down to 20 micro-seconds within the next three years, Chauhan told PTI in an interview here. Chauhan is here to participate in a number of business meetings planned in the wake of Prime Minister Narendra Modi's five-day visit to the US from September 26-30. "Today 200 micro-seconds of response time puts us in top 5-10 per cent of the exchanges of the world in terms of the ability to give he response time. It is not only about the speed but also about scalability that is the ability to …

MARKET TURNOVER @ RECORD HIGH

The Indian capital markets' turnover today rose to record high level of about Rs 8.2 lakh crore, amid monthly expiry of derivative contracts. BSE recorded total daily turnover of Rs 2,93,526.31 crore, while that at NSE rose to Rs 5,32,612 crore -- taking the combined total for the entire Indian capital markets to Rs 8,26,138.31 crore. The National Stock Exchange (NSE) said its total futures and options (F&O) turnover scaled a record high of Rs 5,32,612 crore today, surpassing the previous high of Rs 441,534.45 crore that it had touched on July 10, 2014. Nearly 1.36 crore derivative contracts were traded on the National Stock Exchange (NSE) amounting to a F&0 turnover of Rs 5.32 lakh crore, record high for a day, the bourse said. Index options touched a record high of Rs 410,992.69 crore as a part of the total derivative turnover on NSE today. On July 10, index options turnover had touched a high of Rs 3.32 lakh crore. The total turnover at BSE rose to Rs 2,93,526.31 crore …

NIFTY OUTLOOK FOR 29 & REVIEW

SECOND HALF BETTER
Nifty                               7969  +57
S&P improved India’s credit outlook and market gained smartly towards close  after breaching Thursday’s low levels and gained more than 0.75% for the day. October Derivative series commenced on a zigzag note with bullish bias. Nifty is back in the trading range having closed above 7950.   Nifty spot is expected to encounter resistance at 8010,, 8045 and find support at 7930, 7895 for Monday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to trade in a zigzag manner with better Second half.
MARKET RECOVERS
The BSE benchmark Sensex today recovered from its six-week low level to close 158 points higher, ending three days of losing string, after S&P's upgraded India's outlook to stable from negative. In a highly volatile trade, the 30-share index resumed lower and gradually moved downwards to a six-week intra-day…

NIFTY OUTLOOK FOR 26 & REVIEW

MIDSESSION SUBDUED/RECOVERY @ END
Nifty                               7912   -90Nifty opened steady and traded in negative zone through out the day and closed with a loss of more than 1% and closed at the lowest level for the month. Supreme Court verdict on Coal allocation appears to have had its effect for the Second day with Metal, Power  and PSU Bank stocks taking a heavy toll. While Nifty broke the trading range and closed below the 7950 mark, it needs to close below this mark for One more day to confirm bearish direction.   Nifty spot is expected to encounter resistance at 7960,, 8000 and find support at 7870, 7835 for Friday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to trade in a zigzag manner with subdued midsession and recovery towards close.COAL BLOCKS DEALLOCATION CRUMBLES MARKETSlumping for third straight day, the Sensex dropped 276 points and Nifty fell over 90 points…

INDIA MAKES HISTORY

MARS ORBITOR SUCCESS
Scripting space history, India today successfully placed its low-cost Mars spacecraft in orbit around the red planet in its very first attempt, breaking into an elite club of three nations. The Mars Orbiter Mission (MOM) spacecraft kept its tryst with the red planet after the hibernating main 440 Newton Liquid Apogee Motor (LAM) and eight thrusters on board were ignited for 24-minutes from 7.17 am that slowed its benumbing speed to be smoothly captured into the Martian orbit. The make-or-break tricky manoeuvre carried out with clockwork precision on the refrigerator sized spacecraft as planned was watched by Prime Minister Narendra Modi, who exultantly described it as "a historic occasion", saying the country has achieved the "near impossible". "Today MOM has met Mangal (Mars). Today Mangal has got MOM. The time this mission was short named as MOM, I was sure that MOM won't disappoint us," Modi said, declaring the mission's su…

OIL @ 96 $

Oil prices fell in Asia today following the return of disrupted Libyan production into an already well-stocked global market and as dealers await the latest US inventory report, analysts said. US benchmark West Texas Intermediate for November delivery eased one cent to USD 91.55 while Brent crude for November fell 32 cents to USD 96.53 in late-morning trade. Prices had headed upwards this week after an upbeat manufacturing gauge from China and news that US-led forces had started targeting jihadist militants in crude producer Syria. However, on Singapore's United Overseas Bank said the restarting of production in Libya's biggest oil field "added to oversupply woes in a flush market". Production at Sharara, Libya's largest oil field, restarted Monday after its closure last week, the Wall Street Journal reported. The 340,000 barrels-per-day capacity Sharara field was shut last week due to intense fighting near the vicinity of the export terminal and refinery linked …

NIFTY OUTLOOK FOR 24 & REVIEW

MID SESSION BULLISH

Nifty                               8018    -128Nifty opened steady and fell sharply in the afternoon session to close with a huge loss and nearer to 8000 mark. One more day’s weakness would make the market weak for short term. However, Nifty has been moving in a narrow range for the month and the present contraction would lead to inevitable expansion sooner than later. With Tuesday’s loss, Nifty is close to the lower end and unless Nifty closes above 8100, bearish bias would continue.  Nifty spot is expected to encounter resistance at 8060,, 8095 and find support at 7965, 7930 for Wednesday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to be better in general for most part of the day after the opening session and could witness selling pressure towards close.SELL OFF IN GLOBAL MARKET TRIGGERED BIG LOSSIndian markets today suffered a big jolt with Sensex crashing 4…

NIFTY OUTLOOK FOR 23 & REVIEW

ZIG ZAG MOVEMENTS WITH BULLISH BIAS
Nifty                               8146    +25 Nifty opened in the negative following global cues and recovered sharply in the afternoon to close in th positive territory. Further bullishness would be possible if it closes above 8180. Monday’s trading pattern is  a sign of bullishness as it recovered sharply from lower levels and closed at he upper end for the day. Further, Nifty has been moving in a narrow range for the month and the present contraction would lead to inevitable expansion sooner than later.  Nifty spot is expected to encounter resistance at 8185,, 8220 and find support at 8110, 8075 for Tuesday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness zigzag movements with bullish bias and midsession could be subdued.

MARUTI ON TOP SLOT IN CAR MARKET

Country's largest car-maker Maruti Suzuki India continues its dominance on the Indian roads, with its four models, led by entry-level small car Alto, heading the top ten best sellers list in April-August period this fiscal.
According to the Society of Indian Automobile Manufacturers (SIAM) data, the company's Dzire, Swift and WagonR were the second, third and fourth biggest selling models during the period.
Rival Hyundai's Grand i10 makes it to the fifth position during the April-August period, replacing hatchback Eon which moves on the seventh position.
The company's compact sedan Xcent takes sixth position replacing hatchback i10 from the top 10 list. Honda Cars India's sedan City stands at the eighth position. It replaces compact sedan Amaze, which now moves to 10th position.
Maruti's Celerio occupies the ninth position during the April-august period of the current fiscal, followed by Honda Amaze at the 10th spot.
Maruti Suzuki India's (MSI) Alto sold 1,03,12…

OIL PRICES STEADY

World oil prices today steadied after Brent crude had this week hit a two-year low point against a backdrop of solid supplies and dampening demand growth. Brent North Sea crude for delivery in November edged up six cents to stand at USD 97.76 a barrel around midday in London. US benchmark West Texas Intermediate for October eased 22 cents to USD 92.85 a barrel. "Brent is trading somewhat more firmly than a week ago after some extremely volatile days of trading," Commerzbank analysts said in a note to clients. Brent began the week by sliding to USD 96.21 a barrel, which was the lowest level since July 2012. Oil prices, however, rebounded sharply on Tuesday after the head of OPEC indicated that the crude producers' cartel could cut its production target for 2015. They headed south once more a day later as a US crude stockpiles report showed a weekly surge of 3.7 million barrels instead of the 1.2-million barrel decline expected by the market. "The market is unfazed by…

NIFTY OUTLOOK FOR 22 & REVIEW

FORENOON SUBDUED

Nifty                               8121    +6
Nifty closed flat for the day and for the week and recorded Sixth weekly gain, one of the longest time frame gain  in the recent past. With lot of domestic cues involving visit of foreign dignitaries and PM’s visit to US, market is holding on to the gains amid zigzag movements. Nifty closed above 8100 mark for the Second day and would turn bearish only when it closes below 8020. Further, Nifty has been moving in a narrow range for the month and the present contraction would lead to inevitable expansion sooner than later.  Nifty spot is expected to encounter resistance at 8160,, 8195 and find support at 8080, 8045 for Monday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to be generally subdued  in the forenoon session and  witness zigzag movements thereafter.

OVERSEAS TRAVEL OF INDIANS ON RISE

The number of Indians travelling abroad went up by 21 per cent in the first half of this year compared to the same period last year, with Dubai emerging as the most preferred destination, a survey said. While Dubai has emerged as the number one destination, the USA is the favourite country among Indian travellers, according to the report, 'Outbound Travel Trends', released here by global travel website Trip Advisor. The findings are based on website traffic during the period between January 1 and June 30, 2014. Trip Advisor, however, did not given actual number of visitors visited abroad. When it comes to emerging destinations, data reveals that Belize, in the northeastern coast of Central America, has topped the list, while China is number one in the emerging country list, it said. "From destination preferences, to cuisine choices, to what Indian travellers like to do while on holiday, outbound travel lookback for the first half of 2014, reveals a lot a…

NIFTY OUTLOOK FOR 19 & REVIEW

ZIGZAG MOVEMENTS
Nifty                               8115    +140
A roller coaster week in which Nifty witnessed a huge upswing with all indices closing in the green and Nifty too getting into positive territory for the week with only One day to go for the week. Nifty closed above 8100 mark and would turn bearish only when it closes below 8020. However, one more positive day only would confirm the bullishness. Further, Nifty has been moving in a narrow range for the month despite a large move, and is yet to find a direction for the month. Nifty spot is expected to encounter resistance at 8155, 8190 and find support at 8075, 8040 for Friday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to be generally subdued  in the midsession and witness zigzag movements thereafter.

SENSEX. NIFTY AGAIN ON HIGHS
Indian markets today logged their best daily gain since May 12 with Sensex jumping 481 point…

NIFTY OUTLOOK FOR 18 & REVIEW

CAUTION @ HIGHER LEVELS....SELL ON RISE


Nifty                               7976    +43 After Two Big down days, market heaved a sigh of relief and  recovered a part of the lost ground. However, it continues to be a Sell on Rise market for short term with a stop loss of 8075(on close basis). US Fed meet outcome would influence the market direction on Thursday. Nifty spot is expected to encounter resistance at 8015, 8050 and find support at 7935, 7900 for Thursday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to be better in the forenoon but caution is advised at higher levels and traders may use the rise to reduce leveraged positions.

MIT...THE WORLD LEADER

Massachusetts Institute of Technology has emerged as the leading varsity in the world with no Indian institution featuring in the top 200, according to a global university ranking released today. The top-placed Indian institution, the Indian Institute of Technology-Bombay (IIT-B), is 222nd in the world, followed by IIT-Delhi at 235th, IIT-Kanpur at 300th, IIT-Madras at 322nd and IIT-Kharagpur at 324th position in the Quacquarelli Symonds (QS) World University Rankings . The number of Indian institutions in the rankings has grown to 12 from 11. The other Indian educational institutions that were given a rank lower than 400 on the list of over 700 top universities are -- University of Delhi, IIT-Roorkee, IIT-Guwahati, University of Mumbai, University of Kolkata, Banaras Hindu University, University of Pune. A total of 31 countries are represented in the top 200 in which the US is the dominant nation, with 51 institutions, ahead of the UK (29), Germany (13), the Netherlands (11), Canada …

FRENCH WOMAN PAY TAX THROUGH SMALL CHANGE

A disgruntled taxpayer in southern France paid her annual bill using 30 kilogrammes of small change in protest at the way taxes are collected. The unemployed 28-year-old woman, who gave her name only as Audrey D., had to pay USD 1,435 in tax on her 2013 salary, which was on average 1,400 euros. "To pay the taxes on time, I had to sell my car," she told AFP. Income tax in France is levied once a year in September on the salary earned the previous year. Initially, she went to the tax office to pay in a single cash lump sum. "It hurts less that way," she said. However, officials told her she could only pay 300 euros at a time. She paid the first three tranches and then decided to make a statement with the remaining 207 euros. She marched into the tax office with a pink piggy bank and rolls of tiny one, two and five centimes coins. "I've got a good friend in a bank who helped me," she explained. She smashed the piggy bank on the count…

INFLATION DIPS TO 5 MONTH LOW

Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low.The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in August 2013.
Inflation in the food segment witnessed a significant decline to 5.15 per cent in August as against 8.43 per cent in the previous month, according to official data released here today.
The August WPI inflation is the lowest since October 2009 when it stood at 1.8 per cent.
Vegetable prices contracted 4.88 per cent, the third continuous month of decline. Maintaining a downward trend, the onion prices contracted by 44.7 per cent during the month under review.
However, potato prices were on the rise as inflation in the kitchen essential jumped to 61.61 per cent from 46.41 per cent in July.
Inflation in the fruits basket eased to 20.31 per cent in August. While prices of protein rich items like egg, meat…

INDICES DIP to 5 MONTH LOW

Logging their worst drop in over five weeks, Sensex today fell 244.48 points to end at below 27,000 mark and Nifty slid 63.50 points to below 8,100 level on US rate hike fears and tepid China data, despite domestic inflation in August easing to nearly five-year low. The rupee depreciated against US dollar to 61.14 levels, further dampening market sentiments, said equity brokers. Wary market participants preferred to book profits as they expected early hike in interest rates by the US Federal Reserve. Higher US rates is likely to trigger capital outflows in emerging markets, including India. Fed's two-day policy setting meeting starts tomorrow. Metal shares suffered the most after lacklustre Chinese factory output indicated slowdown in world's second biggest economy. Asian markets also retreated reacting to China data. Refinery, IT, capital goods and FMCG stocks in Indian markets also attracted profit-booking while some of the pharma and realty counters closed with gains, said …

INVESTOR WEALTH NEARS TO Rs 100 LAKH CRORES

With the benchmark Sensex witnessing a dream-run, total market valuation of BSE listed companies has inched closer to Rs 100 lakh crore milestone. At present, the total market capitalisation (m-cap) of BSE listed companies stands at Rs 96,25,517 crore which is Rs 3.74 lakh short of Rs 100 lakh crore mark. In terms of US dollar, the total market value of BSE listed companies has surged to USD 1.58 trillion at the current rupee rate of 60.65 against the Greenback. Earlier, the total m-cap of domestic listed companies had reached a record USD 1.5 trillion in June this year. India had first entered the trillion-dollar club in June 2007, but moved out in September 2008 after a global meltdown. It again got back into the elite league in May 2009 and largely remained there except for some brief periods including once in 2012. In August 2013, it had again slipped out of the elite list. Indian stock market investors are making big gains as the Sensex has gained 5,890.36 points or 27.82 per cen…

ASTRO GUIDE FOR NIFTY

CRUCIAL & DIRECTIONAL WEEK
Planetary Position ::  During the current week Moon would be transiting  from Rohini in Taurus to Pushyamiin Cancer. Sun transits in Uttara in Leo and Virgo. Mercury transits  in    Hasta  and Chitta constellationsin   Virgo. Venus transits in Pubbain Leo. Mars  transits in   Anuradha  constellation in Scorpio .   Saturn transits in Visakha constellation in Libra and in Taurus Navamsa.   Jupiter transits in Aslesha constellation in Cancerand in Sagittarius navamsa..
Uranus trine Jupiter will take place in the last week of September which is a Bullish sign and any correction before that time could be an opportunity to Buy. Further, Range between Monday to Thursday (8th September to 11th September) which would be the monthly astro range(8180 to 8057)and Nifty  would be bullish above the high(8180)and bearish below the low (8057) for the next Three weeksand a target of 8300 / 8425 on the upper side and 7925 / 7800 on the lower side can be expected.
Nifty Outlook for…