Showing posts from August, 2015


Mon – Tuesday  range Astro Range Reference till  25th September  …!!!

Outlook for Week :: (31.08.2015 to  04.09.2015)
NIFTY :: 8002 (-298)
Nifty lost more than 3.50’% in view of the Yuan Depreciation , which has affected the entire world market.
Mon – Tues day’s market reference range would bw rhw reference range till 25 th September nad it would be bullish above the high and bearish below the Low of the range.
20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8327,, 8413,, 8352 and 8403 respectively and wouldact as supports / resistances. Nifty is trading  below  all   the  averages  which is a matter of  concern. While Nifty continues to trade above  the  200 DMA and 50 DMA too is  above  200 DMA (Golden Cross) suggesting that the Bullish   trend is   in    tact.
Medium term would once again turn bullish only if Nifty is able sustain above 8550 for about Two weeks. Nifty would face  resistance around 8300, above which it will have real bullishness and has strong support around 7600 too…


Hit by massive sell-off in the stock market, as many as 205 stocks touched their one-year low on the BSE today, with the benchmark Sensex plummeting over 1,500 points. Stocks that hit their 52-week low included Aban Offshore, ABG Shipyard, Adani Power, Gail, ICICI Bank, NTPC, ONGC, Tata Motors, Tata Steel, VST Industries, among others. Similarly, other stocks that touched their one-year low were Financial Technologies, HCC, MOIL, Mysore Bank, NHPC, NDMC, Orbit Corporation, PFC, RCom, SAIL, Sobha Developers, Simplex Projects, UCO Bank, Vijaya Bank and Zuari Agro Chemicals, among others. Meanwhile, Amtek Auto shares were amongst the biggest losers in today's market slump. The stock continued to witness intense selling pressure and fell over 17 per cent. Besides, Jet Airways tumbled 12.83 per cent, SKS Microfinance (11.42 per cent), Bank of India (11.71 per cent) and Rajesh Exports (10.76 per cent). The Sensex today crashed over 1,500 points - the biggest in over seven years and thir…


DOWN BY 1624.51 POINTS In the bloodiest carnage on Dalal Street, the stock market benchmark Sensex today crashed by 1,624.51 points -- its biggest single-day fall -- and over Rs 7 lakh crore got wiped out within hours from the investors' wealth on a sharp global sell-off triggered by a Chinese rout. The index ended the day 5.94 per cent down at 25,741.56 points as jittery investors sold shares across all sectors including energy, banking, auto, IT, infrastructure and real estate, even as Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan sought to soothe the frayed nerves saying fundamentals of Indian markets remain strong. The rupee was also not untouched by the carnage, which hit a fresh two-year low of 66.66 versus the US dollar, hitting the investors' appetite hard.
The downfall began right at the word go when markets opened this morning and the BSE's 30-share index fell by as much as 1,741.35 points in the intra-day before recouping a small portion of the los…


It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007 over fears of a hard landing for the world's second largest economy. "China stocks in sharpest fall since 2007," state-run Xinhua news agency reported. The benchmark Shanghai Composite Index dropping 8.49 per cent to close at 3209.91 points. The smaller Shenzhen Component Index fell 7.83 per cent ending at 10,970.29 points. The CSI 300 also declined to end at 3,271.89, down 8.85 per cent or 317.65 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 8.08 per cent to end at 2,152.61 points. Nearly 2,200 shares tumbled by the daily limit of 10 per cent, Xinhua report said. The stocks closed at their lowest as a wave of risk-off selling pummelled the market with only about 100 stocks listed in Shanghai still trading late as the other 993 stocks listed on the benchmark i…


Aug 24, 2015 The BSE Sensex today closed the day at 25,741.56, down 1,624.51 points -- marking the biggest-ever carnage it has received historically. Interestingly, seven out of the top-10 falls in the markets took place in 2008. But today's fall is the biggest intra-day crash since January 21, 2008 and biggest-ever single-day fall. Following are the 10 biggest single-day falls at close: August 24, 2015: 1,624.51 points
January 21, 2008:     1,408.35 points
March 17, 2008:           951.03 points
March 3, 2008 :            900.84 points
January 22, 2008:        875.41 points
February 11, 2008:       833.98 points
May 18, 2008:              826.38 points
March 13 2008:            770.63 points
December 17, 2007:     769.48 points
March 31, 2008:           726.85 points Following are the 10 biggest intra-day falls for Sensex: January 22, 2008:     2,272.93 points
January 21, 2008:     2,062.20 points
August 24, 2015 :      1,741.35 points
October 24, 2008:     1,204.88 points


It was a 'Black Monday' again in markets today and history shows that seven out of the ten biggest carnages on Dalal Street has taken place on a Monday! This strange coincidence holds true for biggest crashes in terms of intra-day movements as well as the closing levels of the market benchmark Sensex. The Sensex today closed for the day at 25,741.56, down 1,624.51 points -- marking the biggest ever mauling it has received historically. The second highest closing fall for the markets was also on a Monday, January 21, 2008, when it closed for the day down 1,408.35 points. March 17, 2008, a Monday again, saw a decline of 951.03 points, the third highest and March 3, 2008, which was also a Monday incidentally, saw a fall of 900.84 points, the fourth highest on record. Out of the ten biggest falls at closing levels, seven has been on Mondays, two on Thursdays and one on Tuesday. In terms of intra-day crashes, today's 1,624.51 points fall is the third biggest ever since the 2,27…


Outlook for Week 17.08.2015 to 21.08.2015

PRESENT POSITION : 8300 (-218)
Nifty lost more than 2.50’% in view of the Yuan Depreciation , which has affected the entire world market. 20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8457,, 8425,, 8402 and 8412 respectively and wouldact as supports / resistances. Nifty is trading  below  all   the  averages  which is a matter of  concern. While Nifty continues to trade above  the  200 DMA and 50 DMA too is  above  200 DMA (Golden Cross) suggesting that the Bullish   trend is   in    tact.
Technical Levels :: For the coming week, Nifty spot is expected to be Bullish above 8375 with resistance at 8350, 8425, 8500  and is expected to Bearish below 8225 with Supports at 8150, 8075, 8000 Breakout level for the week is 8600 and the Breakdown level      for the week is 8150..... 
Advice for Traders :: However, While the long term trend is bullish, Medium term would once again turn bullish only if Nifty is able sustain above 8550 for about Two weeks.…


The global e-commerce industry generates over USD 1.2 million every 30 seconds, with a major chunk of the sector's revenue being cornered through social media, says a joint study by Assocham-Deloitte. Facebook, Pinterest and Twitter contribute USD 5,483, USD 4,504 and USD 4,308 respectively every half-a-minute to the figure. The study report added that the maturity of social media and its reach across masses and classes makes it a suitable platform for online sales. Social media pages provide information regarding new products in the market, user reviews and ratings of the product, recommendations and IT products, it said. "Social media helps e-tailers to build brand awareness by responding to customer queries. Seasonal sales and offers are displayed in social networks to reach maximum number of people. "E-tailers have even started to motivate customers with reward points to provide feedback on the product on social networks," Assocham Secretary General D S Rawat sa…


The mid-cap and small-cap indices of the BSE have outperformed the blue-chip index so far this year and given big returns to investors. An analysis of the three indices shows that the mid-cap index this year rose 13 per cent, or 1,319.51 points, to 11,453.78, followed by the small-cap index with 5.47 per cent, or 610.38 points, to 11,766.78. On the other hand, gain in the blue-chip index has been just 2 per cent, or 567.89 points, to 28,067.31 in 2015. The 30-share index touched its all-time high of 30,024.74 on March 4, 2015.
The S&P BSE mid-cap index scaled its historic high level of 11,666.24 on August 10 and small-cap index touched its record peak of 12,203.64 on August 5.
Market analysts said that small and mid-caps suffer the most during times of uncertainty and crisis due to weaker balance sheets, which reflect in their stock prices as well, but when equities perform smartly, smaller stocks make big gains than the front-lines.
Smaller stocks are generally bought by local inves…


Bullish above 8640  ….. !!!
Outlook for Next Week :: (17.08.2015 to     21.08.2015) …
NIFTY :: 8515 (--50)
Nifty lost more than 0.50’% despite huge uptrend of about 2% on Friday. Chinese currency devaluation spoiled the entire world markets. Further, Monsoon session washed out without any passage of bills.  WPI inflation was the lowest in the Four yesars.  
20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8495,, 8401,, 8427 and 8385 respectively and wouldact as supports / resistances. Nifty is trading  above  all   the  averages  which is a matter of  joy. While Nifty continues to trade above  the  200 DMA and 50 DMA too is  above  200 DMA (Golden Cross) suggesting that the Bullish   trend is   in    tact.
Technical Levels :: Bullish above 8600 with resistance at 8675, 8750, 8825 Bearish below 8450 with Supports at 8375, 8300, 8225 Breakout level for the week 8675 Breakdown level 8275..... 
Advice for Traders :: However, While the long term trend is bullish, Medium term would once again tur…


India-born Sundar Pichai will be the new CEO of Google under a major restructuring at the technology giant, as co-founder Larry Page lauded the IIT alumnus' "progress and dedication" and said it is "time" for him to take over the company's reins. In a surprise and significant re-organisation, Page announced the formation of a new parent company Alphabet Inc which will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Google will become a wholly-owned subsidiary of Alphabet, which will have Page as CEO and co-founder Sergey Brin as President. Pichai, 43, who was previously in-charge of product and engineering for Google’s Internet businesses, will be the CEO of the "slightly slimmed down" Google. He received a B.Tech. from the Indian Institute of Technology, Kharagpur and holds an M.S. in Engineering and Materials Science from Sta…


Kochi has become the first city in India to be a member of Beijing-headquartered World Tourism Cities Federation (WTCF) Council, with the Kerala Tourism Department accepting the Council's invitation to join its league of leading tourism cities across the world. Kochi Mayor Tony Chammany handed over the membership acceptance document to Chinese Ambassador to India Le Yucheng at a function here today in the presence of Chief Minister Oommen Chandy, Chief Secretary Jiji Thomson, Kerala Tourism Secretary G Kamala Vardhana Rao and Tourism Director P I Sheik Pareeth. State Principal Secretary for IT and Industries P H Kurian and Former Secretary T Balakrishnan also attended the function. Speaking on the occasion, Yucheng said the two regions need to explore the possibilities for partnerships in culture, sports and tourism as there are many striking similarities between their cultures, like the cuisine, martial arts and snake and dragon boat races. The Chinese Ambassador also expressed i…


A number of mutual fund houses are focusing on 'direct plan' mode to sell their schemes, a move that may maximise the returns for the investors as against regular plans involving distributors. Under the direct plan mode, investors can directly invest in mutual fund schemes without involving distributors or agents. They are required to visit fund house website and follow the process to invest in such schemes. Since no fees would have to paid to distributors, expense ratio would be lower as compared to regular plans, which would eventually give higher returns to investors. Almost all the mutual fund houses provide direct plans, while big ones like HDFC MF, Reliance MF, ICICI Prudential MF, Axis MF, UTI MF and Birla Sunlife MF are planning to increase their shares through this route. Besides, Quantum Mutual Fund only deals in direct plans. Most of these fund houses have specialised teams to look into these plans. In addition, they are adopting digital modes such as internet and mo…