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2016: GOLD GLITTERS INVESTORS KITTY

Capping a year of fluctuating fortunes, stocks failed to spur smiles among investors with only marginal gains of 2-3 per cent in 2016, while gold glittered with an annual return of 14 per cent.
Leaving in cold the high expectations seen at the start of the year, stock market swayed with mixed global and domestic cues with the benchmark Sensex rising little over 500 points to end 2016 at 26,626.46 points. However, a large number of successful IPOs ensured that the total investor wealth, measured in terms of cumulative valuation of all listed shares, rose by nearly Rs 6 lakh crore during the year to Rs 106.23 lakh crore. Among individual companies, TCS remained the most valued (over Rs 4.65 lakh crore) despite a sharp volatility in its share price amid a prolonged boardroom battle at Tata group. In the top-five, TCS was followed by Mukesh Ambani-led Reliance Industries (over Rs 3.5 lakh crore), HDFC Bank (over Rs 3.07 lakh crore), ITC (Rs 2.92 lakh crore) and state-run ONGC (Rs 2.45 lakh…

SENSEX END WITH GAINS

IN THE YEAR UP BY 509 POINTS Stocks signed off 2016 on a cheerful note, with the Sensex surging over 260 points today to close at over a fresh two-week high of 26,626 on the final trading session of the year. The beginning of January 2017 series of futures and options made investors upbeat.
With the deadline for depositing banned notes ending today and ahead of the approaching Union budget, investors accelerated buying activity with hopes that the government might come up with a series of steps to boost the economy. Sentiment turned for the better after Finance Minister Arun Jaitley yesterday said there has been a sharp jump in tax collections, belying fears of a sharp slowdown in the economy in view of demonetisation.
After a higher start, the 30-share index hit the day's high of 26,678.60 and closed up 260.31 points, or 0.99 per cent, at 26,626.46 -- a level last seen on December 13 when it settled at 26,697.82.
It had gained 155.47 points in yesterday as December derivatives contra…

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 30, December 2016
Generally Better

Tithi ::Pushya Sukla Padyami
Nakshatra ::Poorva shadha (1.10 PM); Uttarashadha

Persons   born in   Mrigasira, Chitta and Dhanishta constellations  and those born in Capricorn and Taurus are advised to be alert in their dealings. 
Sensitive / Trend change Timings...
1.10PM;1.35PM; 2.00PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  and remain Better from 11.00AM till about 3.00 PM and remain subdued thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above 10 AM . Long Positions can be taken with suitable SL, and such positions can be closed by about 2.30 PM.
Technical Levels... Resistance : 8145, 8180 Support : 8065, 8030 ------------------------------------
- IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support lev…

STOCK MARKET @ ZITTERS

Good rains and a growth-oriented budget laid the perfect pitch for a dream run for stocks, but that was not to be as the market got a scare after heavy capital pullout by FIIs in the concluding two months of 2016. In the end, the early gains almost evaporated, leaving behind an almost flat closing.
The BSE 30-share Sensex soared to a high of 29,077.28 in September backed by consistent FII inflows, which totalled Rs 51,293 crore in the first nine months, but later crashed to a low of 22,494.61 before ending at 26,213.44 on December 27, registering a net gain of 95.9 points, or 0.36 per cent from its last year-end close of 26,117.54.
To begin with, the market got a shot in the arm from a favourable monsoon and a promising Union budget, ratcheting up investor interest in the equity market. But it took a knock of by over 3,000 points, or 10 per cent, from its yearly high, hit by fears of acute cash crunch after the government's demonetisation move and anticipation of more aggressive rat…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 29, December 2016
Scrip Specific Movements
Tithi ::Margasira Bahula Amavasya(till 12.20PM)
Nakshatra ::Moola (11.15AM) and Poorvashadha .

Persons   born in   Mrigasira, Chitta and Dhanishta constellations  and those born in Capricorn and Taurus are advised to be alert in their dealings. 
Sensitive / Trend change Timings :11.15AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  and remain Better from 11.00AM till about 2.00 PM and remain subdued thereafter. Being last day of Derivative series, Scrip specific movements are most likely.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above 11 AM . Long Positions can be taken with suitable SL, and such positions can be closed by about 2.00 PM.  After 2.15  PM,  if Nifty fut trades below  the  ATP , Short  Positions  can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels...
Resistance : 8075, 8105 Support : 7…

24Lakh people have income above Rs 10 Lk

Cars bought per year is 25Lakhs
India has just 24.4 lakh tax payers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000 luxury cars, are being bought every year for last five years, a top official said.
A nation of over 125 crore people had only 3.65 crore individuals filing their tax returns in the assessment year 2014-15, the official said alluding to a huge number of individuals being outside the tax net.
"Of the 3.65 crore individuals (filing returns in assessment year 2014-15), there were only 5.5 lakh people who paid income tax of more than Rs 5 lakh and accounted for 57 per cent of the total tax kitty. This essentially means that only 1.5 per cent of those filing tax returns (3.65 crore) are contributing to 57 per cent of tax kitty," the official said.
The tax returns when compared with car sales throw astonishing numbers, he said.
"Car sales on an average in last five years has been about 25 lakh per year. In the last three years t…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 28, December 2016 Foreoon Subdued
Tithi ::Margasira Bahula Amavasya
Nakshatra ::Moola
Persons   born in   Rohini. Hastha and Sravana constellations  and those born in Capricorn and Taurus are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 10.30AM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  / Subdued and remain Better after about 1.00 PM to about 2.45 PM and remain subdued thereafter till about end of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below  Opening Level / ATP by about 9.30 AM , Short Positions can be taken  with suitable SL, and such positions can be closed by about 12.45PM . After 1.00  PM,  if Nifty fut trades above  the  ATP , Long Positions  can be taken with suitable SL and such positions can be closed by about 2.45 PM.
Technical Levels... Resistance : 8075, 8105 Support : 7995, 7960 ---------------------------------- - IF resistance levels…

Household Deposits dominate in Banks

Majority of deposits in banks was held by the household sector at 61.5 per cent as on March 31, 2016, the Reserve Bank said today. This was followed by the Government sector which accounted for 12.8 per cent of total deposits. The private corporate sector came next with a contribution of 10.8 per cent. Total deposits as on March 31, 2016 was Rs 98,41,290 crore, as against Rs 89,72,710 crore till March 2015. "A majority (63.8 per cent) of the deposits was term deposits. The combined share of current and savings deposits, however, increased from 34.9 per cent in 2015 to 36.2 per cent in 2016," the RBI said. More than half (51.5 per cent) of the total deposits was raised by metropolitan branches followed by urban branches (22.8 per cent) and semi-urban branches (15.4 per cent). While term deposits dominated the total deposits in these branches, savings deposits dominated in rural branches. Public sector banks continued to maintain the largest share (70.6 per cent) in total depo…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 27, December 2016
Mid Session Better
Margasira Bahula Chaturdasi
Nakshatra ::Jyeshta.
Persons born in   Krittika, Uttara, Uttarashadha constellations  and those born in Sagittarius and Aries are advised to be alert in their dealings.
Sensitive / Trend change Timings :1.05 PM;
Likely Intraday Trend...On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  / Subdued and remain Better after about 10.20 AM to about 1.30 PM and remain subdued thereafter till about 3.15 PM.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above Opening Level / ATP by about 9.30 AM , Long    Positions can be taken  with suitable SL, and such positions can be closed by about 11 AM . After 2.00  PM,  if Nifty fut trades below  the  ATP , Short Positions  can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels... Support : 7870, 7835 Resistance : 7945, 7980 ---------------------------------- - IF resistance levels ar…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

ASTRO TECHNICAL GUIDE FOR NIFTY

for 23, December 2016
Closing Better/ Mid Session Subdued
Tithi ::Margasira Bahula Dasami
Nakshatra ::Chitta
Persons   born in   Pushyami, Anuradha and Uttarabhadra constellations  and those born in Scorpio and Pisces are advised to be alert in their dealings. 
Sensitive / Trend change Timings : 2.45PM;  
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  and remain Subdued from 12.00 PM to 1.30 P:M and   remain Better from 1.30 PM till about 3.15 PM. \
Astro Technical Trading Strategy...
If Nifty Fut. Trades below   ATP by about 12.00PM , Short   Positions can be taken  with suitable SL, and such positions can be closed by about 1.15 PM . After 1.45 PM,  if Nifty fut trades above  the  ATP , Long    positions can be taken with suitable SL and such positions can be closed by about 3.15 PM.
Technical Levels... Resistance : 8020, 8050 Support : 7940, 7905 ------------------------------ - IF resistance levels are achieved i…

INDIAN PHARMA ON FLYHIGH MODE

India is on track to cement its position next year as a source of safe, effective and quality medicines at affordable prices, but a "growing trust deficit" with the government and regulatory headwinds can pose a serious roadblock to this journey.
The USD 32-billion generic-driven Indian pharma industry is eyeing a sea of opportunities as global demand for safe and quality drugs rises, especially in developed economies such as the US, the EU and Japan.
Apart from the trust deficit that was in full display in the year passing by, compliance with regulatory norms, particularly with USFDA, continues to be the proverbial Achilles heel for home-grown companies.
"The sector will continue to grow and become a major player in the world market as a source of safe, effective, quality medicines at affordable prices," Indian Pharmaceutical Alliance (IPA) Secretary General Dilip G Shah told PTI.
His optimism stems from "greater acceptance of Indian generics as safe and effectiv…

Card usage plunges after Demonetisation

The per value transcations of debit and credit cards at points of sale (PoS) terminals has declined post-demonetisation, suggesting the country has a long way to move from cash-based economy to a complete digital one, says a report. The debit and credit cards transactions at PoSes were worth Rs 352.4 billion in value terms in November and Rs 181.3 billion till December 13, compared to Rs 511.2 billion in October. The average transaction at PoSes was Rs 1,714 for November and Rs 1,643 for December compared to Rs 2,229 in October, says an SBI Research report. "The per value transaction declined in post demonetization, which may be due to less number of PoS machines in the country compared to the demand," says the report. It said the country has 15.1 lakh PoS machines but may need an additional 20 lakh more if digitisation has to gain traction. The report says looking at the usage of debit cards only on PoSes, the numbers are still a long way to go. As of October, per debit car…