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Showing posts from January, 2015

BASE YEAR CHANGE PUSH UP GDP

A change in base year for computing national accounts pushed up the economic growth rate for 2013-14 to 6.9 per cent, while earlier estimate on the basis of old series was 4.7 per cent. Similarly, the economic growth rate for 2012-13 has been revised upwards to 5.1 per cent, compared with 4.5 per cent estimated earlier. These changes follow a revision in the base for calculating national accounts to 2011-12 from 2004-05. The base year was last revised in January 2010. "Real GDP or GDP at constant (2011-12) prices stands at Rs 92.8 lakh crore and Rs 99.2 lakh crore, respectively for the years 2012-13 and 2013-14, showing growth of 5.1 percent during 2012-13, and 6.9 percent during 2013-14," said a release. The change in the base year and also the conceptual framework, the release said, "will improve ease of understanding (data) for analysis and facilitate international compatibility". The new series, it said, will also affect a wide range of indicators like trends i…

PARLIAMENT BUDGET SESSION FROM FEB 23

The Budget Session of Parliament will begin on February 23 and conclude on May 8, it was officially announced today. In a press statement, Lok Sabha said that the Fourth Session of 16th Lok Sabha will commence on Monday, when President Pranab Mukherjee will address both Houses of Parliament assembled together in the Central Hall at 11 AM. "In order to enable the Standing Committee to consider the demands for grants of ministries/departments and prepare their reports, the House will adjourn on March 20 to meet again on April 20," it said. In a separate press release, Rajya Sabha said, "The President has summoned Rajya Sabha to meet on Monday, the 23rd February, 2015, at New Delhi. Subject to exigencies of business, the Session is scheduled to conclude on Friday, the 8th May, 2015." The Cabinet Committee on Parliamentary Affairs, which met on January 21, had recommended to the President the schedule of the Budget Session. Parliament will have a special sitting on Sat…

NIFTY OUTLOOK FOR 30 & REVIEW

CLOSING SESSION BETTER
Nifty                               8952   +38
Astro Info :: Moon transits in  Rohini and Mrigasira  in Taurus.   
Tithi : Sukla Ekadasi  ; Weekday:: Friday;  . Individuals born in Gemini and Libra   signs and in Pushyami, Anuradha and Uttarabhadra    constellations    may remain cautious in their transactions.
Nifty Range of Thursday and Friday(Combined High and Low of these Two days i.e., 22 and 23 January) may be regarded as the reference range for the next Three weeks and can be expected to be bullish above the High of this range and Bearish below the low of this range. Now the range is  8866 and 8727 and Hence further bullish above 8866 and Bearish below 8727 and neutral in between these levels. Since it has closed above the high of the above range, first target is 9010. Senstive time:: 11.40AM; 12.40pm; 2.15pm to 3.10pm


Market Outlook for Friday, 30th January, 2015
Nifty remained in negative zone for most part of the day and rallied in the closing hour due to s…

NIFTY OUTLOOK FOR 29 & REVIEW

ZIGZAG MOVEMENTS
Astro Info :: Moon transits in  Krittikia and Rohini  in Taurus.    Tithi : Sukla Dasami  ; Weekday:: Thursday;  Combination of Thithi and Weekday is generally auspicious. Individuals born in Gemini and Libra   signs and in Punarvasu, Visakha and Poorvabhadra   constellations    may remain cautious in their transactions. Nifty Range of Thursday and Friday(Combined High and Low of these Two days i.e., 22 and 23 January) may be regarded as the reference range for the next Three weeks and can be expected to be bullish above the High of this range and Bearish below the low of this range. Now the range is  8866 and 8727 and Hence further bullish above 8866 and Bearish below 8727 and neutral in between these levels. Since it has closed above the high of the above range, first target is 9010.
Senstive time:: 10.15AM; 11.40AM; 1.25 TO 2.20PM; 2.45PM;


Market Outlook for Thursday, 29th January, 2015
Nifty rallied to surpass  previous day’s high but met with huge selling after 12.30…

OBAMA PRAISE DIVERSITY IN INDIA AND US

Diversity in India and America allow a the grandson of a cook to become President and a tea seller a Prime Minister, President Barack Obama said hailing the diversity in the two countries.
"We are strongest when we see the inherent dignity in every human being. Look at our countries, the incredible diversities even here in this hall. India is defined by countless languages and dialects and every colour and caste and creed, gender and orientations. Likewise in America we are black and white, latino, asian, Indian-American, Latino- American.
"Your constitution begins with the pledge to uphold the dignity of the individual and our declaration of Independence proclaims that all men are treated equal. In both of our countries, generations have worked to live up to these ideas," he said.
"So even as we live in a world of terrible inequality, we are also proud to live in countries where a grandson of a cook can become a President and even a tea seller can become Prime Minist…

NIFTY OUTLOOK FOR 28 & REVIEW

MID SESSION BETTER
Nifty                               8911   +75
Astro Info ::Moon transits in  Bharani and Krittikia  in Aries.    Tithi : Sukla NAvami  ; Weekday:: Wednesday; Individuals born in Taurus and Virgo  signs and in Aardra, Swathi and Sathabhisham   constellations    may remain cautious in their transactions. Nifty Range of Thursday and Friday(Combined High and Low of these Two days) may be regarded as the reference range for the next Three weeks and can be expected to be bullish above the High of this range and Bearish below the low of this range. Now the range is  8866 and 8727 and Hence further bullish above 8866 and Bearish below 8727 and neutral in between these levels. Since it has closed above the high of the above range, first target is 9010. (However, there is a weekly resistance of 8950, which too could act as a resistance)
Senstive time:: 10.30AM; 11.10AM; 12.40 TO 1.25PM; 2.50PM; Market Outlook for Wednesday, 28th January, 2015 



Nifty remained subdued in the forenoo…

PETROL COSTLIER THAN ATF

Perhaps for the first time, petrol in India costs more than the superior jet fuel (ATF) used in aeroplanes, as the government has levied a record excise duty on the fuel used in two-wheelers and cars.
A litre of petrol in Delhi costs Rs 58.91 per litre. On the other hand, Aviation Turbine Fuel (ATF), which has a higher octane than petrol and is a heavier fraction in the distillation process, is priced at Rs 52.42 a litre.
Traditionally, petrol being of lesser quality than ATF, would cost less. But four consecutive excise duty hikes in three months have reversed this.
After four duty hikes totalling Rs 7.75 per litre, petrol now attracts highest ever excise rate of Rs 16.95 per litre.
According to data available from Petroleum Ministry, excise duty on petrol was Rs 10.53 per litre in April 2002 when the fuel was first deregulated or freed. This rose to Rs 14.59 by May 2005 by when government control was back in place.
Excise duty on petrol touched its peak of Rs 14.78 in March 2008 before i…

9.1% INTEREST ON SUKANYA SAMRIDHI ACCOUNT

Investments in Sukanya Samriddhi Account, the special deposit scheme for girl child, will get a 9.1 per cent interest in the current fiscal.
"It has been decided to allow 9.1 per cent rate of interest on investments in the scheme during the financial year 2014-15," the Finance Ministry said.
Finance Minister Arun Jaitley had announced the scheme in his budget speech.
Accounts in name of girl child can be opened in banks and post offices, and half of the fund can be withdrawn for her higher education and marriage after she attains 18 years of age. Under the scheme, an account can be opened in the name of a girl child of up to 10-year-old. The scheme would mature on completion of 21 years from the date of opening of the account. Deposits can be made till completion of 14 years of the girl. The account can be transferred anywhere in India if the girl shifts to a place other than the city or locality where the account stands. After attaining the age of 10 years, the account holder …

Pvt JETS FERRY GLOBAL ELITE TO WEF MEET

With the World Economic Forum's annual meeting starting here today, nearly 2,000 private jets are on the job to ferry the rich and powerful of the world to this Alpine resort town, while the Swiss Army is using its own choppers to carry many public figures. For the first time ever, the top delegates for the WEF meeting, after landing at a private Duebendorf airport near Zurich, are being ferried in helicopters to Davos, as per an elaborate plan put in place by the Swiss Air Force. The army officials refused to divulge the identity of the leaders using these services, citing security reasons. Separately, nearly 2,000 private jets have been commissioned, mostly by business leaders, to attend the Davos meeting. This is also expected to clog the landing slots in Zurich and other airports. The Swiss Army has allowed one of its air bases to be used to ease the traffic. The private jet rates are currently in the region of USD 10,000-20,000 per hour, while some operators are offering addi…

IT SECTOR HIGHEST PAID IN INDIA

With a median gross salary of Rs 341.8 per hour, the IT sector in India has emerged as the most lucrative sector in India, followed by finance where employees get Rs 291 per hour, a report says.
According to leading online career and recruitment solutions provider, Monster India, those in the IT sector in India earn on average Rs 341.8 per hour which is by far the highest salary of all sectors.
Overall the Monster Salary Index (MSI) shows that the median gross salary in the construction sector stood at Rs 259 per hour, for education at Rs 186.5, healthcare (Rs 215), legal (Rs 215.6), manufacturing and transport (Rs 230.9).
The report brings to light the fact that employees in education sector get the lowest hourly salary of Rs 186.50 per hour. This can be attributed to the fact that there are relatively more women working here than in other sectors and are paid 18 per cent lesser than men in the same sector, the report said.
Commenting on the findings of the report, Monster India Managing…

NIFTY OUTLOOK FOR 21 & REVIEW

ZIGZAG VOLATILE MOVEMENTS
Astro Info :: Moon transits in  Sravana in Capircorn . Tithi : Sukla Padyami ; Weekday:: Wednesday; Individuals born in Aquarius and Gemini signs and in Punarvasu, Visakha and Poorvabhadra constellations    may remain cautious in their transactions.
Senstive time:: 11.35am; 1.55pm to 2.50pm. Nifty opened with bullish bias and went up steady to breach previous life time high in style and closed with a gain of 145 points and continued its upside momentum for the Fourth day in a row.  Stop loss for Nifty long positions may be trailed to 8525 (on close basis). Nifty spot is expected to encounter resistance at 8735, 8770 and find support at 8655, 8620 for Wednesday.   While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to trade in a zigzag manner with alternate bouts of bullishness and bearishness.
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Trading strategy ::  Based on planetary position and the …

NIFTY OUTLOOK FOR 20 & REVIEW

FORENOON GENERALLY BETTER

Nifty                               8551   +37

Astro Info ::Moon transits in  Uttarashadha in Capircorn
Tithi : Amavasya ; Weekday:: Tuesday;
Senstive time:: 1.10 to 2pm ; and  2.20pm.,
Nifty opened better with a gap and sustained the gap trading in a narrow range  and closed with a gain of 37 point. Stop loss for Nifty long positions may be trailed to 8450 (on close basis). Nifty spot is expected to encounter resistance at 8590, 8625 and find support at 8510, 8475 for Tuesday.   While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to trade in a zigzag manner with generally better forenoon and possible profit booking in the closing hour.

Trading strategy :: 
Based on planetary position and the aspects among planets, market can be expected to be better in general in the forenoon and could encounter selling pressure in the closing hour.   Long positions in…

SENSEX TO CROSS 33,500 BY DECEMBER

Macro economic environment in India is expected to improve further and drive the BSE index, Sensex, to 33,500 by December-end, says a Nomura report.
The Japanese brokerage firm said its bullish stance on the Indian market for this year is based on the view that improvement in India's macro environment over the past year has been "durable" and will improve further.
"Our December-end 2015 Sensex target of 33,500 offers around 20 per cent potential upside from current levels," Nomura said in a research note.
"We expect market confidence in the sustainability of currently low inflation numbers to strengthen further through the year and believe interest rates are poised to fall further," Nomura said, adding that "growth momentum is already showing signs of improvement, which should be reflected in actual data through the year".
In 2014, the benchmark Sensex rose by 6,328.74 points or 30 per cent and recorded a record high of 28,822.37 on November 28.…

NIFTY OUTLOOK FOR 07 & REVIEW

SELL ON RISE Nifty                               8127     - 251 Nifty opened with a huge Gap down following global cues and went down further to shave off 3% on the indices and had clearly become bearish for short term. “Sell on Rise” may be followed with 8275 as stop loss on close basis.   Nifty spot is expected to encounter resistance at 8165, 8205, 8240 and find support at 8085, 8050 for Wednesday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to be generally subdued in view of the huge fall of Tuesday and any pullback could be utilized for Selling. Astro Info :: Moon transits in Pushyami and Aslesha and market can be expected to be generally subdued and any recovery may be used for liquidating long positions and creating short positions by traders. Trading strategy ::  Any decent pullback may be used for selling as a positional call.. Selling around 8200 levels may be attempted with …

Rs.3 LAKH CRORES WIPED OUT

Dragged down by a massive fall in the stock market, total investor wealth slumped by nearly Rs 3 lakh crore today as shares of over 2,200 listed firms ended in the red. The BSE benchmark index Sensex closed at 26,987.46, down 854.86 points or 3.07 per cent. The NSE Nifty also tanked 251 points, or 3 per cent, on massive selling across sectors. In-line with the weak broader market, the total investor wealth plunged by Rs 2.9 lakh crore to Rs 96.74 lakh crore. Total investor wealth, or market capitalisation, is the aggregate value of all listed firms. After crude oil price fell below USD 50 per barrel, the first time in almost 5 years, markets were spooked by fears of an disorderly exit of Greece from the Euro zone. "Greece's financial troubles continued throughout the day. Greece has been plunged in a government-debt crisis and has sought the help of its Euro-zone partners to bail the country out of debt," said brokerage firm RKSV's co-founder Raghu Kumar. Following t…

OIL BATH : SENSEX SLIPS 855 pts

The benchmark Sensex today plummeted by 855 points in its worst crash in five and a half years as stock markets globally went into a tailspin amid speculation about probable exit of Greece from the Euro region and oil prices cracking below USD 50 per barrel mark. The Nifty also tanked 251 points, or 3 per cent. Both the bellwether indices closed at more-than two-week lows. Panic selling sent markets on a free fall with losses across sectors, traders said, adding that investor wealth plunged by nearly Rs 3 trillion as four counters fell for one that rose. Oil prices continued to drop, with the US benchmark contract briefly falling below USD 50 a barrel for the first time in more than five years on concerns about ample global supplies and weakening economic growth. Oil & Gas, realty, metal, capital goods, auto, consumer durable and Banking shares took the lead in the downslide. "Markets globally remained weak. Speculation about probable exit of Greece from the Euro region and f…

OIL FALLS BELOW $50

Global oil prices today collapsed under USD 50 for the first time in more than five years on the strong dollar, plunging equities, demand worries and plentiful crude supplies. The renewed slump came as the Dow index stood down more than 200 points and European equity markets lost more than two percent on fears of a Greek exit, or so-called Grexit, from the eurozone. At about 1630 GMT, US benchmark West Texas Intermediate for February delivery tumbled to USD 49.95 per barrel, touching the lowest level since May 1, 2009. London's Brent North Sea crude for February dropped to a similar nadir at USD 52.66 a barrel. "Greek problems may spell trouble for the eurozone (and) may impact energy demand out of Western Europe -- especially with press suggesting German politicians are talking about Grexit," said Ransquawk analyst Anthony Cheung. New York crude later stood at USD 50.27, down USD 2.42 from Friday's closing level. Brent was at USD 53.09 a barrel, down a hefty USD 3.3…

NIFTY OUTLOOK FOR 06 & REVIEW

CLOSING SESSION BETTER Nifty traded better in the opening session and slowly slipped into the red and closed with a minor loss, first negative close in January F&O series. Nifty appears to be correcting for the recent rise and can be expected to be bullish for short term as long as it maintains close above 8285.  Nifty spot is expected to encounter resistance at 8520, 8555 and find support at 8335, 8300 for Tuesday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to be subdued in the forenoon and generally recover in Second half of the day. Astro Info :: Moon transits in Punarvasu and Pushyami and market can be expected to be subdued in forenoon and recover in Second half of the day. Trading strategy ::  After 1pm, if Nifty trades above Average Traded Price(ATP), long position may be considered with low as stop loss .  Sensitive time 11.25am., Individuals born in Leo and Sagittarius si…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Further Upmove  above 8450  …. !!! Planetary Position for the Week - Moon would be transiting  from Punarvasu in Gemini to Makha in Leo. - Sun transits in  Poorvashadha   in  Sagittarius. - Mercury   transits  in     Uttarashadha and Sravana  constellations in  Capricorn. -  Venus transits in  Uttarashadha and Sravana in  Capricorn. - Mars moves to Aquarius, an airy sign, and transits in Dhanishta. A fiery planet in Airy sign should aid bullishness. - Saturn transits in  Scorpio  in Anuradha in Virgo Navamsa. - Jupiter , in retrograde motion from December 9th   to 8th April 2015, transits in Cancer in Aslesha constellation in Pisces  navamsa . - Rahu and Ketu continue their transit in Virgo and Pisces respectively.  Nifty crossed the higher end of the monthly astro range i.e., 8279 and nearly achieved the first target too during the last week. Nifty Outlook for Next Week :: (05.01.2015 to 09.01.2015) …  
NIFTY :: 8395 (+194) (Buy on Decline … )
New Year begins on a bullish note and Nifty gain…

NIFTY OUTLOOK FOR 02 & REVIEW

ZIG ZAG MOVEMENTS Nifty opened lower following global cues but traded steadily and closed flat for the day after crossing previous day’s high level, indicating resilience and bullish undertone. Nifty is neutral with bullish bias as long as it holds 8220 (on close basis). Overall market movement is rather dull and listless due to lower participation from institutions.  Nifty spot is expected to encounter resistance at 8325,, 8360 and find support at 8245, 8210 for Friday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to display zigzag / volatile movements with alternate bouts of bullishness. Astro Info ::  Moon transits in Rohini in  Taurus .  Individuals born in Gemini and Libra Moon   signs and in Punarvasu, Visakha and Poorvabhadra  are advised to be careful in their transactions. Astro Trading Strategy ::  Market is generally expected to witness zigzag movements.,  Closing hour can be …