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Showing posts from February, 2016

HIGH VOLATALITY

SENSEX ENDS BY 152 Pts LOSS
A clutch of tax proposals in the Budget 2016 gave the market some anxious moments as the benchmark Sensex today reeled under heavy losses but recovered just in time to end lower by over 152 points on some buying support from domestic institutions. Sentiment was hit mainly by a proposal for a higher dividend distribution tax on those earning more and a one on raising securities transaction tax in some categories. Jaitley proposed 10 per cent tax on dividends above Rs 10 lakh and raising securities transaction tax (STT) to 0.05 per cent from 0.017 per cent.
Putting all speculation to rest, Finance Minister Arun Jaitley today chose to play safe and opted for fiscal prudence by proposing to keep the deficit at 3.5 per cent of GDP in 2016-17.
There were sharp fluctuations throughout though, with the market swinging as much as close to 850 points. Intra-day, it tanked nearly 660 points.
Soon after, buzz of a rate cut by RBI grew louder and helped improve sentiment.
Th…

PETROL PRICE CUT BY Rs.3/-

Petrol price was today cut by Rs 3.02 per litre, but diesel rates were hiked by Rs 1.47 a litre - the second increase this month in line with global trends.
Petrol in Delhi will cost Rs 56.61 per litre from midnight tonight as against Rs 59.63.
A litre of diesel, however, will cost Rs 46.43 a litre as compared to Rs 44.96 per litre, according to Indian Oil Corp (IOC), the nation's largest fuel retailer.
This is the 7th straight reduction in price of petrol. Petrol price was last cut on February 18 by 32 paisa a litre.
On diesel, this is the second increase in rate this month. The price were hiked by 28 paisa a litre last time.
Prior to that revision, fuel rates were revised on February 1 when petrol price was cut by a marginal 4 paise a litre and diesel by 3 paise a litre after the government raised excise duty to take away most of the benefit arising from fall in international oil prices.
The government had raised excise duty on petrol by Re 1 a litre and that on diesel by Rs 1.50 to m…

ASTRO TECHNICAL GUIDE FOR NIFTY

Forenoon Session Weak… !!!   
for Tues day, 01.03.2016::
Astro Info:: Tithi :: Magha Bahula Sapthami ,
Nakshatra ::  Anuradha  (Moon in Scorpio) .
Persons   born in     Bharani, Pubba and P Shadha constellations and
Sagittarius and Aries   Zodiac signs are advised to be alert in their
dealings.
Sensitive / Trend change Timings for the day ::10.40am,1.30 pm;
Likely Intraday Trend
On the basis of planetary position and aspects amongst planets,Market is expected to open generally subdued to weak and remain steady there after  and recover after 12.45 pm.,
Astro Technical Trading Strategy
After 9.30am,   if Nifty fut trades  below  the Open Price /ATP , Short  positions  can be taken with  High  level  as stop loss and such positions may be closed by about 11.00am., IF after 1.00 pm, if Nifty trades above ATP, long positions can be taken to closed by about 3.00pm. Open level is important for intraday trading and generally, intraday
short positions are suggested  below   Day’s open level only and vice

CPSEs NET PROFIT PLUNGE 20 %

The overall net profit of CPSEs decreased by 19.71 per cent to Rs 1,03,003 crore during 2014-15 compared with Rs 1,28,295 crore in the previous fiscal, the Public Enterprises Survey said today. The overall loss of CPSEs rose 28.20 per cent rose to Rs 27,360 crore in 2014-15 as against Rs 21,341 crore in the previous year, the survey tabled in Parliament said. ONGC, Coal India, NTPC, National Mineral Development Corporation and Power Finance Corporation were the top five profit-making CPSEs during 2014-15. On the other hand, Bharat Sanchar Nigam Ltd, Air India, Mahanagar Telephone Nigam Ltd, Hindustan Photo Films Manufacturing Company and Mangalore Refinery and Petrochemicals were the top five loss-making CPSEs. However, the total investment (equity plus long-term loans) in all CPSEs stood at Rs 10,96,057 crore as on March 31, 2015 compared to Rs 9,92,096 crore as on March 31, 2014, recording a growth of 10.48 per cent. The total turnover/gross revenue from operation of all CPSEs durin…

ASTRO TECHNICAL GUIDE FOR NIFTY

for Monday, 29.02.2016::
Budget Proposals crucial for market
!!! 
Astro Info:: Tithi :: Magha Bahula Shashti (Upto 1.48pm)
Nakshatra ::  Visakha  (Moon in Libra)
Persons   born in     Aswini, Makha and Moola  constellations and Scorpio and Pisces  Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::10.55am,1.00 pm; 2.20pm,
Likely Intraday Trend for 29.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally steady   and remain crucial from 11 am to 1 pm and remain the way the budget proposals are considered by the market.
Astro Technical Trading Strategy for the day
After 11:00am,   if Nifty fut trades  below  the Open Price /ATP , Short  positions  can be taken with  High  level  as stop loss and such positions may be closed by about 1.00 pm. Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Sto…

ASTRO TECHNICAL GUIDE FOR NIFTY

(for Thurs day, 25.02.2016)
Forenoon Better and Bearishness in the Closing Hour
Astro Info:: Tithi :: Magha Bahula Thadiya
Nakshatra ::  Uttara   & Hastha (Moon in Virgo) .
Persons   born in    Aardra, Swathi and Sathabhisham  & Punarvasu, Visakha and P Bhadra constellations and Libra and Aquarius  Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::12.22 PM, 2.40 PM
Likely Intraday Trend for 25.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally steady and remain upto 12.20pm and remain with dual movements thereafter (bearish movement in the last One hour). Being last day of F&O clearing scrip wise movements are most likely.
Astro Technical Trading Strategy
After 9.30am,   if Nifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 12.15. After 1.30pm, if Nifty is trading below ATP, Short p…

SENSEX CRASHES 321 POINTS

Markets reeled for the second consecutive day as the benchmark Sensex today plunged by over 321 points, with no let-up in selling by foreign investors ahead of the Union Budget and oil trying to find its bottom. Derivative contracts are set to expire tomorrow, which also held back investors. Fund managers are closely tracking the Railway Budget, which is due tomorrow, while the Economic Survey is slated for Friday. The Union Budget for 2016-17 is set to be presented on Monday. Asian shares fell, reflecting the weakness in crude oil prices, which went down further after major producer Saudi Arabia said no to any production cut in the near future in an already-oversupplied market. The 50-share NSE Nifty failed to hold on to the crucial 7,100-mark as it lost 90.85 points, or 1.28 per cent, to end at 7,018.70. The weak European and US macroeconomic data only fed to the nervousness. The 30-share Sensex, which started the session on a weaker note, plunged 321.25 points, or 1.37 per cent, to…

GLOBAL CRUDE PRICE DOWN 2/3, PETROL DOWN ONLY 16 %

A litre of petrol cost Rs 71.41 in May 2014 when international oil was at USD 106.85 per barrel but even after over two-third fall in global rates, the price of petrol has witnessed only 16 per cent decline and remains at Rs 60 per litre. In a written reply to a question in Rajya Sabha, Oil Minister Dharmendra Pradhan today said the basket of crude oil that India buys averaged USD 106.85 per barrel in May 2014 and this month it is averaging at USD 29.80. Petrol in May 2014, when BJP-government took office, was priced at Rs 71.41 per litre and now it is priced at Rs 59.95 a litre, he said. Similarly, diesel cost Rs 55.49 a litre in May 2014 and this month it is available at Rs 44.68 per litre. Pradhan said since May 2014 the government has raised excise duty on petrol by Rs 12 per litre and by Rs 13.77 a litre on diesel. Excise duty on petrol on May 1, 2014 was Rs 9.48 per litre and today it is Rs 21.48 a litre. Similarly, the same on diesel was Rs 3.56 a litre and this month it is Rs …

ASTRO TECHNICAL GUIDE FOR NIFTY

for Wednes day, 24.02.2016::
Forenoon Better… !
Astro Info
Tithi :: Magha Bahula Vidiya
Nakshatra ::  Uttara   (Moon in  Leo)
Persons   born in    Aardra, Swathi and Sathabhisham   constellations and Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::1.40pm, 3.20pm
Likely Intraday Trend for 24.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally better and remain so till about 1.30pm and could resort to profit booking thereafter.
Astro Technical Trading Strategy
After 9.30am,   if Nifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 1.15 / 1.30pm.,  After 2pm, Short positions can be taken (if it trading below the ATP) with Stop loss of about 20 points) and may be closed by end of the day.
Open level is important for intraday trading and generally, intraday short positions are sugg…

SENSEX & PSU STAKE SALE Stock market down for 17th time

In a strange pattern getting repeated for the 17th time, the stock market benchmark Sensex today turned negative amid a robust response to the share sale for a public sector company.
In contrast, there have been only three occasions in the past when the Sensex has registered a gain on a day of Offer For Sale (OFS) by a PSU.
The Sensex today plummeted by 378 points, even as the OFS for the stake dilution by the government in NTPC got fully covered for the non-retail shares on offer. Retail investors will get a chance to bid tomorrow.
Some experts justified the divergent trend saying the money gets diverted towards the OFS whenever a good PSU hits the market to sell its shares and selling pressure emerges in the broader market.
Other said however that the divergence shows lack of financial depth in the Indian stock markets.
An earlier OFS for stake sale in NTPC in 2013 had also seen similar trends in the market, while same has been the case for various other PSUs starting with stake sale in …

ASTRO TECHNICAL GUIDE FOR NIFTY

MID SESSION BETTER
Astro Info:: Tithi :: Magha Bahula Padyami Nakshatra ::  Pubba   (Moon in  Leo) .
Persons   born in    Mrigasira, Chitta and Dhanishta constellations and Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.05am,1.10pm,
Likely Intraday Trend
On the basis of planetary position and aspects amongst planets, Market is expected to remain steady in the opening session and recover between 11.05am to 1.10pm and to remain steady thereafter.
Astro Technical Trading Strategy After 11 am,   if Nifty fut trades  above the Open Price/ above Average Traded Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 1.00pm.
Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Stop loss is a must for intraday trading.
Technical Levels for the day Resistance around 7290 ,  7350 : Support  aroun…

SMALL STOCKS TAKE BIGGER HIT IN RECENT FALL

Small and medium companies of BSE have taken a bigger hit compared to their bigger peers amid extreme weakness in the broader market as the two indices has cracked by up to 16.5 per cent against 9 per cent decline in the 30-stock Sensex so far this year. While the mid-cap index fell by 12 per cent to 9,802.77 points, losses were more sharper in the small-cap index which plunged 16.56 per cent to 9,876.53. In comparison, the benchmark Sensex dipped by 9.22 per cent to 23,709.15. The index touched its 52-week low of 22,600.39 on February 12. The mid-cap and small-cap indices also hit their all-time low mark of 9,393.15 and 9,400.37, respectively, on February 12. Sentiment was hit mostly by volatility in crude oil prices, concerns over the health of the Chinese economy and fears of a global slowdown. Experts said domestic woes, including ballooning NPAs reported by the banks and weak quarterly earnings in various other sectors, have also added to the market weakness. Sensex crashed by 80…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

SCRIPWISE MOVEMENTS
NIFTY :: 7211 (+ 230)
Nifty closed with a gain of  about 3% during the week. Further, in view of the forthcoming Budget , market might consolidate and move the higher side. This week being the last week before expiry of F&O settlement, scripwise movement is most likely. Range of Last  week is important for it to break. Low of last weeki.e., 6970 is not to be broken if it  is to sustain.
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7307, 7532, 7760 and 8000.  respectively and would act as  resistances as. Nifty is trading  below all  the Moving Averages.
While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in  tact

Technical Levels
Breakout level : 7350 Breakdown level : 7050
Bullish above 7230 with Resistance at  7275, 7350, 7425
Bearish below 7190 with Supports at 7125, 7050, 6975

Advice for Traders ::
Weekly Open level is very important for the entire week. L…

ASTRO TECHNICAL GUIDE FOR NIFTY

Mid Session Better… !!!
(for Monday, 22.02.2016)

Tithi :: Magha Sukla Pournima 
Nakshatra ::  Makha  (Moon in  Leo) .
Persons   born in    Rohini, Hastha and Sravana   constellations and
Virgo and Capricorn Zodiac signs are advised to be alert in their
dealings.
Sensitive / Trend change Timings for the day 10.20am; 11.52am,12.15pm,
Likely Intraday Trend
On the basis of planetary position and aspects amongst planets,
Market is expected to remain subdued in the opening and recover between 10.20am to 12.15pm and to remain steady thereafter and become weak after 2.25pm.
Astro Technical Trading Strategy for the day
After 10.15 am,   if Nifty fut trades  above the Open Price/ above Average Traded Price, long positions  can be taken with  Low level  as stop loss and such
positions may be closed by about 12.15pm., Again  after 2.25pm , if Nifty futures trades below   the Average Traded Price, Short  positions may be taken with about 20 points above the ATP as stop loss and to be closed by end of the day. …

PRINTING OF BUDGET STARTS WITH HALWA CEREMONY

The process of printing documents for the Budget 2016-17 began today with the traditional 'halwa ceremony', which was attended by Finance Minister Arun Jaitley and his deputy Jayant Sinha in the North Block office. As part of the ritual, which has continued for long, 'halwa' is prepared in a big 'kadhai' (large frying pot) and served to the entire staff in the ministry. Finance Secretary Ratan Watal, Revenue Secretary Hasmukh Adhia, Economic Affairs Secretary and other officers and staff of the ministry involved with Budget preparation were also present. The significance of the sweet dish is that after it is served, a large number of officials and support staff, who are directly associated with the Budget making and printing process, are required to stay in the ministry and remain cut off from their families till the presentation of the Budget by the minister in the Lok Sabha. They are not even allowed to contact their near and dear ones through phone or any ot…

ASTRO TECHNICAL GUIDE FOR NIFTY 19-02-2016

Second Half Bearish!!!
Astro Info:: Tithi :: Magha Sukla Dwadasi 
Nakshatra ::  Punarvasu  (Moon in  Gemini) .
Persons   born in    ASwini, Makha and Moola  constellations and
Cancer and Scorpio  Zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings for the day
10.25am,12.15pm,2.20pm; 2.35pm
Likely Intraday Trend
On the basis of planetary position and aspects amongst planets,
Market is expected to remain subdued in the opening and recover between 10.25am to 12.15pm and to remain steady thereafter and become weak after 2.20pm.
Astro Technical Trading Strategy for the day
After 10.15 am,   if Nifty fut trades  above the Open Price/ above Average Traded Price, long positions  can be taken with  Low level  as stop loss and such
positions may be closed by about 12.15pm., Again  after 2.15pm , if Nifty futures trades below   the Average Traded Price, Short  positions may be taken with about 20 points above the ATP as stop loss and to be closed by end of the day. Open …

MII GARNER Rs.15.2 LAKH CRORE INVESTMENT COMMITMENTS

The week-long Make in India event here has secured investment commitments worth Rs 15.2 lakh crore, with host state Maharashtra alone accounting for Rs 8 lakh crore. Besides, it received investment enquiries worth Rs 1.5 lakh crore. "The multi-sectoral Make in India Week has been a great success. We've managed to get investment commitments to the tune of over Rs 15.2 lakh crore from the event," DIPP Secretary Amitabh Kant told reporters at the closing press meet at the MMRDA Grounds here today. He is hopeful that the summit will create a favourable environment for investors from across the world. Out of the total investment commitments, the host state made up for more than half, at Rs 8 lakh crore, Kant said, adding that Maharashtra could become the gateway for the rest of the country. Out of the total commitment pie, 30 per cent have come from foreign players. "We have already opened the economy across sectors to the world. We're now showcasing, connecting and …

ASTRO TECHNICAL GUIDE OF NIFTY for 18.02.2016 

Generally Better… Buy on Dips… !!!
Astro Info:: Tithi :: Magha Sukla Ekadasi
Nakshatra ::  Aardra  (Moon in  Gemini)
Persons   born in    Aslesha, Jyeshta and Revathi constellations and
Cancer and Scorpio  Zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings for the day :: 10.55am,1 .25pm; 1.45pm

Likely Intraday Trend for 18.02.2016::

On the basis of planetary position and aspects amongst planets, Market is expected to be generally better in the opening and remain subdued between 11.30 am to 1.30 pm and again recover thereafter.
Astro Technical Trading Strategy for the day ::  After 9.30 am,   ifNifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 11.30am., Again  after 1.30pm , if Nifty futures trades above  the Average Traded Price, long  positions may be taken with about 20 points below the ATP as stop loss and to be closed by end of the day.
Open level is important for…

LATE RALLY LIFTS SENSEX BY 190 Pts

Market benchmark Sensex rebounded by 190 points to finish at 23,381.87 today on fag-end buying from investors at lower levels coupled with higher European cues following recovery in crude oil prices. The broader NSE Nifty too regained the key 7,100-mark. Late recovery in beaten-down state-run lender stocks on value-buying, particularly, State Bank of India, influenced sentiment. However, concerns prevailed as the rupee depreciated to to a 30-month low of 68.67 against dollar during the day. "indexes opened on a negative note followed mixed global cues but gained momentum post the opening of European indexes in green," said Gaurav Jain Director of Hem Securities. The BSE benchmark Sensex opened higher at 23,237.23 and hovered in a range of 23,434.91 to 22,920.84 before finishing at 23,381.87, showing a gain of 190 points or 0.82 per cent. The index dropped by 362 points yesterday as participants locked in gains in blue-chips amid contraction in exports. The NSE 50-share also …