Samvat
2070 has ended the year at a high level of 7996 (up from
6317 last year) recording a rise of more than 25%. Market had
come out of the long term consolidation and appears to be heading for
a record bull run. This is mainly because of the change of guard at
the centre and a Government of Single party with absolute majority,
(first of its kind after 1989). In view of the stable Government, lot
of reform measures can be expected which would lead to country’s
economic development over long term.
Let us see how the markets can be in the Next Samvat year 2071. On the
basis of Planetary position at the time of Diwali (New year), and the
transiting planets during the year the following indications are available
astrologically.
Samvat Year rises in Simha Lagna with luminaries (Sun and Moon) placed in 3rd and Jupiter in Cancer in the 12th , Saturn in 3rd in Libra and Rahu and Ketu placed in Virgo and Pisces. Mars is placed in Sagittarius in 5th. However, Mercury, the lord for Trade and Commerce is exalted and in retrograde position in Virgo.
Infra and Realty push can
be expected from last week of December. November 2014, January,
2015, May 2015 are expected to be quite volatile wherein traders need
to be highly cautious. Financial sector reforms / measures might not
go through smoothly for some more time. Global cues might not be
favourable in general and our market has to go up based on
domestic cues mainly.
Important dates / period to watch in this Year based on time cycles are 21.12.2013, 10.2.15, 124.15, 5.6.15, 28.6.15, 30.8.15, 19.9.15, 21.10.15;
Sensitive
dates based on transit of planets :: 11.8.15, 9.12.14, 8.4.15;
23.12.14, 15.6.15, 18.9.15;
Sensitive dates based on
important aspects between slow moving planets :: 10.11.14;
13.11.14; 15.1.15; 1.2.15; 11.3.15; 15.5.15, 15.7.15, 3.8.15,
26.9.15, 25.7.15,
Technically,
Nifty is expected to face resistance
around 8435, 8705, 9150, 9850 and find support around 7555,
7285, 6845, 6130 during the year.
While global cues, FII inflows and Government policies including Monetary policy of the central bank , Business environment, Currency fluctuation are expected to play pivotal role in shaping the economy and in turn stock market, forthcoming year will be mainly influenced by Governmental Reform Push , which can be expected to be generally favourable. Fundamentally too Nifty EPS has gone up from 345 last year to 385. If next year’s rate of growth improves, PE multiple would go up Based on the expected growth, Nifty can be expected to be between 8600 and 9400 based on conservative and optimistic estimates by next Diwali. In view of the proactive Government and the reform push, buying is recommended on every reasonable decline.
While global cues, FII inflows and Government policies including Monetary policy of the central bank , Business environment, Currency fluctuation are expected to play pivotal role in shaping the economy and in turn stock market, forthcoming year will be mainly influenced by Governmental Reform Push , which can be expected to be generally favourable. Fundamentally too Nifty EPS has gone up from 345 last year to 385. If next year’s rate of growth improves, PE multiple would go up Based on the expected growth, Nifty can be expected to be between 8600 and 9400 based on conservative and optimistic estimates by next Diwali. In view of the proactive Government and the reform push, buying is recommended on every reasonable decline.
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