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Showing posts from March, 2016

ASTRO TECHNICAL GUIDE FOR NIFTY for 1 APRIL 2016

GENERALLY BETTER  

Astro Info:: Tithi :: Phalguna Krishna Navami
Nakshatra ::    Poorvashadha  & Uttarashadha  (Moon in  Sagittarius ) .
Persons   born in  Mrigasira, Chitta and Dhanishta (in the forenoon Session) and Aardra, Swathi and Sathabhisham   constellations and Capricorn and Taurus    Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 2.15 pm;2.40pm ;
Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets,
Market is expected to remain generally better for most part of the day and could remain subdued towards very close  of the day(after 3PM).
Astro Technical Trading Strategy for the day :: After 9.30 AM,  if Nifty futures trades above  the  Open level /   the Average Traded Price (ATP),  Long  positions can be taken with Low  Level as  Stop Loss and such positions can be closed by about 2.45pm.
Open level is important for intraday trading and generally, intraday short positions are suggested  bel…

FPI's PULL OUT Rs.18000 CRORES

In the first outflow of overseas funds from Indian capital markets in seven years, foreign portfolio investors (FPIs) took out an estimated amount of Rs 18,000 crore during fiscal 2015-16. This is also only the third time since foreign portfolio investors began investing in Indian markets in 1992 that they have turned net sellers for an entire financial year. As per the market data, the net outflow during the fiscal ended today would have been more than double, but buying spree resumed in the last month. FPIs are estimated to have infused a net amount of nearly Rs 20,000 crore (about USD 3 billion) during March. During March, FPIs were net buyers to the tune of over Rs 21,000 crore in equities, but took out a net amount of Rs 1,500 crore from debt markets. FPIs had embarked on a selling spree towards end of calendar year 2015 amid weakening trends in Indian equity markets, but returned to hectic buying this month on expectations of further rate cuts by Reserve Bank and signs of streng…

SENSEX TRIPS 9.36% IN FY 16

Investors poorer by Rs 7 lakh cr

In its worst show in four fiscals, the market benchmark Sensex today ended 2015-16 with a yearly plunge of 9.36 per cent, leaving investors poorer by nearly Rs 7 lakh crore as global headwinds and foreign fund outflows pounded domestic equities during the year. For the day, however, the index inched up by 3.28 points to 25,341.86 on caution due to carry-forward of positions to the April series and S&P putting China on negative outlook. Broader market too remained strong as mid-cap and small- cap indices ended higher by 0.68 per cent and 0.46 per cent, respectively. In March, the Sensex registered a rise of 10.17 per cent or 2,339 points and Nifty climbed 10.75 per cent or 751.35 points, making it the biggest monthly gain in over four years. Heavy crash in commodity prices, first rate hike by the US Federal Reserve in nearly a decade, global slowdown, especially in China, and slower pace of key domestic reforms pulled Sensex by 2,615.63 points or 9.…

ANDHRA FAILS TO ACHIEVE FISCAL REFORM TARGET

Financial management and budgetary control measures of Andhra Pradesh government have come under critical review of Comptroller and Auditor General of India despite registering a revenue deficit of Rs 13,776 crore for June 2, 2014 to March 31, 2015 period after bifurcation. The state government could not achieve the fiscal reform targets during fiscal 2014-15, the CAG said. The overall revenue deficit during 2014-15 fiscal stood at Rs 24,194 crore including the period from April 1 to June 1, 2014 when the state remained united, the CAG said in an audit report on state finances for the year ended March 31, 2015. The state's fiscal deficit of Rs 31,717 crore at 6.10 per cent was double the ceiling of 3 per cent prescribed in the Fiscal Responsibility and Budgetary Management Act. Andhra's total liabilities stood at 32.03 per cent of the Gross State Domestic Product against a ceiling of 27.60 per cent under the FRBM Act, the CAG pointed out. The CAG report on state finances, alon…

4,000 INDIAN MILLIONAIRES SHIFTED OVERSEAS IN 2015

India has seen the fourth biggest outflow of high net worth individuals globally in 2015 with shifting of 4,000 millionaires overseas, says a report. According to a report by New World Wealth, some 4,000 uber-rich Indians have changed their domicile in 2015, while France saw the maximum outflow of millionaires with as many as 10,000 super rich leaving the country. The report however noted that the migration of super rich from China and India is not a "concern". "The outflows from India and China are not particularly concerning as these countries are still producing far more new millionaires than they are losing," the report said and added that "once the standard of living in these countries improves, we expect several wealthy people to move back". In terms of countries ranked by millionaires outflow, France was followed by China in the second place with 9,000 millionaires leaving the country while for Italy, at third position, the figure stood at 6,000. O…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 28.03.2016 to 02.04.2016
Weekly Close above 7750 gives One more uptrend  .... !!!  
NIFTY :: 7717 (+113)
Nifty closed at the highest point for the week and above 7700, and has opened gates for  a fresh rally on the upside.
Last week it has crossed 7700 and closed above 7700 on all the Three working days making it a rise for 4 weeks in succession. It has got certain resistance around 7750 and if Nifty   closes above 7750(weekly close),it would get into a new zone.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7416, 7364, 7605 and 7905.  respectively and wouldact as  resistances as Nifty is trading  above most of 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 ::
Bullish above 7790 with resistance at  7865, 7940,8015
Bearish below 7630 with Supports at 7555, 7480,7405.
Breakout level : 7750, Breakdown level : 7600
Advice for …

SMOKING BURNS POCKETS

LOSS Rs.1.04 lakh CRORES IN INDIA
The World Health Organisation has said the economic burden attributable to tobacco-related diseases is a staggering Rs 1,04,500 crore annually in the country and has pitched for large-size warnings on packs to control tobacco consumption in a cost-effective manner. "The economic burden attributable to tobacco-related diseases is a staggering Rs 1,04,500 crore annually in the country, while human cost nearly a million deaths," WHO representative in New Delhi Henk Bekedam said in a statement. Calling for large and prominent health warnings on the packs of tobacco products, he said past experiences have shown that this is "a cost-effective means of increasing public awareness about the health effects of tobacco use and in reducing tobacco consumption". Besides, he termed the ongoing debate on reducing the size of warnings on tobacco products, especially on bidis and smokeless tobacco as "worrisome." India implemented Article …

ASTRO TECHNICAL GUIDE FOR NIFTY for 23 March 2016

FORENOON BETTER !           
Astro Info:: Tithi :: Phalguna Sukla    Poornima 
 Nakshatra ::  Uttara 3 &  4 th  Pada    (Moon in Virgo)
Persons   born in  Aardra , Swathi and Sathabhisham  constellations and Libra and Aquaris   Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings : 12.20 pm
Likely Intraday Trend :

On the basis of planetary position and aspects amongst planets, Market is expected to open better and remain so till about 12.45 pm and remain steady / subdued from 2 PM.
Astro Technical Trading Strategy for the day...
After 9.30 AM,  if Nifty futures trades above the Open level / above  the Average Traded Price (ATP),  long  positions can be taken with a Stop Loss of about 20 points  from the entry level and such positions can be closed by about 12.45pm.
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.
Techn…

ASTRO TECHNICAL GUIDE FOR NIFTY for 22 March 2016

for Tues day, 22.03.2016::
VOLATILE MOVEMENTS 
Astro Info:: Tithi :: Phalguna Sukla   Chaturdasi & Poornima
Nakshatra ::  Pubba  4 th  Pada    (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 : 9.35am , 10.55am. 3.12pm Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets,Market is expected to open steady  and remain volatile with bearish bias in general particularly during the last Hour.
Astro Technical Trading Strategy
After 2 pm,  if Nifty futures trades below the Average Traded Price (ATP),  short positions can be taken with a Stop Loss of about 20 points  from the entry level and such positions can be closed by end of the day.
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 tradi…

ASTRO TECHNICAL GUIDE FOR NIFTY

CLOSING SUBDUED
for Monday, 21.03.2016 ::

Astro Info:: Tithi :: Phalguna Sukla   Trayodasi & Chaturdasi
Nakshatra ::  Makha 4 th  Pada    (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  : 1.10pm and 1.45 pm
Likely Intraday Trend
On the basis of planetary position and aspects amongst planets,Market is expected to open generally better and remain subdued in Second half particularly during the closing hour .
Astro Technical Trading Strategy
After 2 pm,  if Nifty futures trades below the Average Traded Price (ATP),  short positions can be taken with a Stop Loss of about 20 points  and such positions can be closed by end of the day.
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…
Resistance around …

ASTRO TECHNICAL GUIDE FOR NIFTY

for Friday, 18.03.2016
Zig zag Movements  !!!
Astro Info:: Tithi :: Phalguna Sukla   Dasami& Ekadasi
Nakshatra ::  Pushyami  1 st Pada    (Moon in Cancer  )
Persons   born in  Bharani, Pubba and Poorva Shadha   constellations and Leo and Sagittarius  Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 9.38AM; 2.48 PM;
Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open generally subdued and recover from 12.15 to 2.15pm and again remain subdued towards close.
Astro Technical Trading Strategy...
By 9.30 AM, if Nifty futures trades below the Open lelvel, short positions can be taken with High level as Stop Loss and such positions can be closed by about 12 PM. After 12PM ,    if Nifty fut trades  above   the ATP(Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss(from the  entry point)    and  such positions may be closed by about 2 PM …

ASTRO TECHNICAL GUIDE FOR NIFTY

for Thursday, 17.03.2016
CLOSING BETTER !!!

Astro Info:: Tithi :: Phalguna Sukla   Navami& Dasami
Nakshatra ::  Punarvasu 1 st Pada    (Moon in Gemini)
Persons   born in  Aswini, Makh and Moola   constellations and Cancer and Scorpio   Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::12.00pm ;1.30 pm;  2.00 pm;
Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open generally better and remain steady from 10.00 AM and to recover smartly from 2.30 onwards.
Astro Technical Trading Strategy ....
After 2.30PM ,    if Nifty fut trades  above   the ATP(Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss    and  such positions may be closed by end of the day .  
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.

ICICI BANK LAUNCH CONTACTLESS MOBILE PHONE PAYMENT SOLUTION

Country's largest private sector lender ICICI Bank today launched a smartphone-based application which will allow users to pay for purchases by simply tapping their smartphones on a merchant terminal at a shop. The service, launched today for the employees of the bank, will soon be made available for over 35 million debit and credit card holders of the lender, ICICI Bank's Executive Director Rajiv Sabahrwal told reporters on a concall. A near field communications (NFC) technology-enabled smartphone can be used to complete the transaction, he said, adding that 90 per cent of its 5 million active mobile banking customers use such phones that run on the Android operating system, on which the technology has been rolled out initially. As per RBI regulations governing NFC-based payments, people can pay up to a maximum of Rs 2,000 for a single transaction. "With India becoming the second largest market globally for mobile subscribers as well as smartphones, we expect this to be …

ASTRO TECHNICAL GUIDE FOR NIFTY

for Wednesday
Generally Subdued  !!!           
Astro Info:: Tithi :: Phalguna Sukla  Ashtami& Navami
Nakshatra ::  Aardra  1 st Pada    (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 :12.37pm ;1.43 pm;  3.14 pm;
Likely Intraday Trend

On the basis of planetary position and aspects amongst planets, Market is expected to open generally subdued and recover between 12.40pm to 2.30pm and remain steady / subdued thereafter.
Astro Technical Trading Strategy ...
After 9.30 AM , if Nifty futures trades below Open Price / ATP, Short positions can be take with High Level as Stop Loss and such postions can be closed by about 12pm / 12.30pm. After 12.30PM ,    if Nifty fut trades  above   the ATP(Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss    and  such positions may be closed by about 2.30 pm.
Open level is …

'CROREPATI' AGRICULTURISTS IN BENGALURU

Metro cities like Delhi, Mumbai, Kolkata and Bengaluru have the maximum 'crorepati' entities who have declared agricultural income of over Rs 1 crore in the last nine assessment years with the Income Tax department. The department is conducting a tax evasion probe in a select number of such cases after the taxman was directed in this regard recently. As per official data in this regard, accessed by PTI, between Assessment Years (AYs) 2007-08 to 2015-16, a total of 321 assesses declared agricultural wealth over Rs one crore in Bengaluru region followed by Delhi (275), Kolkata (239), Mumbai (212), Pune (192), Chennai (181), Hyderabad (162), Thiruvananthapuram (157)and Kochi (109). Finance Minister Arun Jaitley today said in Parliament that many prominent people are being probed for allegedly concealing taxable income as agricultural earnings as he told the Opposition not to term it as political victimisation if their names come out.
"Many prominent people" are said to b…

ASTRO TECHNICAL GUIDE FOR NIFTY

Tues day, 15.03.2016
Generally Subdued with  Better Mid session !!!  

Astro Info:: Tithi :: Phalguna Sukla  Saptami & Ashtami
Nakshatra ::  Mrigasira 1 st Pada    (Moon in Taurus  ) .
Persons   born in  Pushyami, Anuradha and Uttarabhadra  constellations and Gemini and Libra    Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::2.06pm ; 3.11 pm;
Likely Intraday Trend

On the basis of planetary position and aspects amongst planets, Market is expected to open generally subdued and recover between 11.35am to 1.30pm and remain steady / subdued thereafter.
Astro Technical Trading Strategy for the day :: After 11.30 AM ,    if Nifty fut trades  above   the Open Price/ATP (Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss    and  such positions may be closed by about 1.00pm/ 1.15pm.
Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open leve…

INFLATION IN NEGATIVE ZONE 16th MONTH IN ROW

Deflationary trend continued for the 16th month in a row as wholesale prices declined by 0.91 per cent in February, prompting India Inc to press for a rate cut by RBI to boost factory output, which has been contracting since November. Subdued prices of certain food items and petroleum products kept the WPI (Wholesale Price Index) inflation at (-)0.91 per cent in February as against (-)2.17 per cent a year ago. It was (-)0.9 per cent in January. This is the 16th consecutive month since November 2014 when the deflationary pressure has persisted. Food inflation stood at 3.35 per cent in February compared with 6.02 per cent in January, showed official data, which was released today. In view of declining inflation and negative industrial outlook, the industry stepped up its demand for an interest rate cut by Reserve Bank in its first bi-monthly monetary policy for 2016-17 on April 5. "A further cut in the policy rate at this juncture and its transmission by the banks in the form of lo…

ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 14.03.2016 to 18.03.2016
CRUCIAL WEEK for FURTHER MOVEMENT
NIFTY :: 7510 (+ 25)
Nifty had a very tight week and moved in a narrow range last week and closed with a small rise of only 25 points. Nifty could not go above 7550, a strong resistance and if during the week, if it is able  to close above that level, then only it would open gates for fresh rally on the upside.
During the last  week (8.3.16 to 11.3.16) Nifty moved in a narrow range ( between 4424 to 4547).  For the next Three weeks, last week’s range could be regarded as the reference range and Nifty would be Bullish above the High and Bearish below the Low of the range.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7231, 7388, 7657 and 7934.  respectively and wouldact as  resistances as Nifty is trading  below the Long term  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
Technic…

JEWELLERY DEMAND TO GROW

Jewellery demand in the country is expected to rise to 670-685 tonnes, despite volatility in gold prices, India Ratings and Research (Ind-Ra) has said. Maintaining stable outlook on jewellers, Ind-Ra said it "...expects retailers to fare well underpinned by a sustainable domestic demand, shifting preference towards branded jewellery and fading regulatory headwinds." However, it added the excise duty hike announced in the Union Budget may have a marginal impact on the demand in the near-term. Ind-Ra also said that it "Expects domestic jewellery demand to remain robust and grow at 3-5 per cent in 2016 to 670-685 tonnes because such demand remained steady at 600-670 tonnes over 2010-2015... despite gold price volatility on the back of wedding related purchases." It further said an improvement in demand for coins and bars as consumers seek gold's wealth protection properties in the backdrop of a high economic and political uncertainty globally, turmoil in equity ma…