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Showing posts from September, 2016

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 30, September 2016
Recovery after Open Session 
Tithi ::Bhadrapada Krishna Amavasya
Nakshatra ::Uttara
Persons   born in  Aardra, Swathi and Sathabhisham constellations and Libra and Aquarius..are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::12.40PM;3.00 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady    and recover from 10 AM to 2.15 PM and could remain subdued thereafter.
Astro Technical Trading Strategy...
After 10AM, if Nifty fut trades above      the Open Price /Average Traded Price (ATP), Long   positions can be taken with Low as Stop Loss and such positions can be closed by about 2.15PM. If after 2.30PM,  Nifty Fut. Trades below  the ATP , Short   Positions can be taken with suitable Stop Loss and such positions can be closed   by about end of the Day.   
Technical Levels... Resistance : 8630, 8670; Support : 8550, 8515 ----------------------------------- - IF resist…

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 29, September 2016
Closing Session Subdued 
Tithi ::Bhadrapada Krishna Chaturdasi
Nakshatra ::Pubba
Persons   born in  Mrigasira, Chitta and Dhanishta constellations and Virgo and Capricorn are advised to be alert in their dealings.
Sensitive / Trend change Timings : 12.40PM; 3.00 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady    and remain so upto 12.15AM and remain better  thereafter upto 2.20 PM and to  remain subdued therafter  till about close of the day.
Astro Technical Trading Strategy... After 12.30PM, if Nifty fut trades above      the Average Traded Price (ATP), Long  positions can be taken with Suitable  Stop Loss and such positions can be closed by about 2.15PM. If after 2.30PM,  Nifty Fut. Trades below  the ATP , Short Positions can be taken with suitable Stop Loss and such positions can be closed by about end of the Day.
Technical Levels... Resistance : 8775, 8810; Support : 8710, 8675 --------…

INDIAN BOX OFFICE COLLECTION TO BE $ 3.7 BILLION by 2020

Indian film industry's gross box office collection is likely to be USD 3.7 billion (Rs 24,684 crore approximately) in 2020 from the current level of USD 2.1 billion, said Deloitte Touche Tohmatsu India LLP (DTTILLP) in a report. "In terms of revenue, the Indian film industry has gross box office realizations of USD 2.1 billion which is expected to grow at 11 per cent CAGR reaching USD 3.7 billion by 2020," stated DTTILLP in a report. The Indian film industry is the largest in the world in terms of number of films produced with 1,500-2,000 films produced every year in more than 20 languages. The key growth drivers for the industry are increasing per capita income and growing middle class. Besides, there is demand from Tier 2 and Tier 3 cities. The other factors for growth are the industry's diversification into international markets, releasing the potential of digitization, upside from ancillary revenue streams and upcoming use of Visual Effects (VFX) in movies. The r…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 28, September 2016Mid Session Better  Tithi ::Bhadrapada Krishna Trayodasi
Nakshatra ::Makha
Persons   born in  Rohini, Hastha and Sravana constellations and Virgo and Capricorn are advised to be alert in their dealings.
Sensitive / Trend change Timings...10.55AM;11.00AM; 2.15 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets,Market is expected to open steady    and remain so upto 10.15AM and remain subdued thereafter upto 12.30 PM and to  remain better till about 2.30PM and may remain steady / Subdued once again upto 3.30 PM .
Astro Technical Trading Strategy ...
After 10.30AM, if Nifty fut trades below   the Open Level /  the Average Traded Price (ATP), Short   positions can be taken with High   as  Stop Loss and such positions can be closed by about 12.30PM. If after 12.30PM,  Nifty Fut. Trades above  the ATP , Long  Positions can be taken with suitable Stop Loss and such positions can be closed   by about 2.30PM.  
Technical Levels... Resistanc…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for week 26.09.2016 to 30.09.2016
Scrip Specific Movement most likely
NIFTY :: 8832 (+ 52)
Nifty traded in a range of 8897 to 8742  and closed nearer to the middle Level at 8832 with a  gain  of  52 Points and gained about 0.6%, the main reason for gain being FOMC decision not to raise the interest rates.
Next month, Market would commence from 15 th to 16 th of September and It would become Bullish if it crosses the High and Bearish if it crosses the Low of the range of 15th and16th ie., 8848 and 8704.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8780, 8676, 8381 and 7976 respectively and would act as Supports  as Nifty is trading  above most of     the Moving Averages.  
- Nifty continues to trade above the 200 DMA and 50 DMA too has come above 200 DMA (Golden   Cross) suggesting that the Long term outlook is  Bullish.
Technical Levels...
Breakout level : 8950 Breakdown level : 8700
Bullish above 8900 with resistance at  8975, 9050, 9125
Bearish below 8750 with Supports a…

NDA Reforms Journey is WELL

Two years of the NDA government have instituted significant reforms including the passing of the GST bill in India but "cultural issues and saffronisation" have resulted in a slow incremental change instead of big bang reforms, according to a top American think-tank. Noting that India has managed to combat inflation, the Hudson Institute said the country has the potential to hit double-digit growth rates if it focuses on modernising infrastructure, improving basic amenities and reducing red-tapism. In its recent report 'Modi Two years On', the think-tank has analysed two years of the government led by Prime Minister Narendra Modi and said it has instituted significant reforms, with the most significant of them being passing of the Goods and Services Tax (GST) bill. It said the bill, passed by the Rajya Sabha last month, will over time create a much needed pan-Indian market. "India's economy can grow at double-digit rates if it can repair and rebuild its Brit…

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 22, September 2016Forenoon Generally SubduedTithi ::Bhadrapada Krishna Sapthami
Nakshatra ::Rohini 
Persons   born in  Punarvasu, Visakha and Poorvabhadra constellations and Gemini and Libra  are advised to be alert in their dealings.
Sensitive / Trend change Timings...9.40AM;10.50AM;11.55AM; 12.05PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady  / Subdued  and remain so upto 10.45AM and may remain steady / Subdued once again upto 1.00 PM and may recover thereafter upto about 3.00 PM.
Astro Technical Trading Strategy...
After 9.30.AM, if Nifty fut trades below   the Open /  the Average Traded Price (ATP), Short   positions can be taken with High  as  Stop Loss and such positions can be closed by about 11AM. After about 1 PM, if Nifty futures trades above the ATP, long positions can be taken with suitable stop loss and such positions can be closed by about 3PM.
Technical Levels... Resistance : 8815, 8845, Suppo…

N0 RAILWAY BUDGET from NEXT FISCAL

Ending 92-year-old tradition, the Cabinet today decided to merge rail budget with the general budget and agreed in-principle to advance the date of its presentation in Parliament from the usual February end.
The actual date for presentation of the general budget for 2017-18 will be decided by the government after taking into account the ensuing assembly elections, Finance Minister Arun Jaitley said while briefing the media about the Cabinet decisions.
The Cabinet has also decided to do away with the Plan/ Non-Plan expenditure classification in Budget 2017-18 and replace with 'capital and receipt'.
The government, Jaitley said, was in favour of advancing the budgetary exercise to that it could be completed before March 31 and expenditure on public-funded schemes could begin from April 1.
He said: "While we in-principle are in favour of advancing the budget date and finishing the entire financial business before March 31...the actual dates will be decided after consultations de…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 21, September 2016
Forenoon Generally Better
Astro Info:: Tithi ::Bhadrapada Krishna Shashti
Nakshatra ::Krittika
Persons   born in Aardra, Swathi and Sathabhisham constellations and Gemini and Libra  are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::12.35PM
Likely Intraday Trend for 20.09.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open steady  / Better and remain so upto 1.30 PM and may remain steady thereafter .
Astro Technical Trading Strategy...
After 9.30.AM, if Nifty fut trades above  the Open /  the Average Traded Price (ATP), Long   positions can be taken with Low  as  Stop Loss and such positions can be closed by about 1.30  PM. Technical Levels... Resistance : 8810, 8840 Support : 8740,8710 ----------------------------------------
- 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 …

MFs PIN HOPES on SIPs

Fund houses are pinning their hopes on the Systemic Investment Plans (SIPs) for business growth this fiscal and expect an uptick of up to 20 per cent in overall assets under management. Total AUM (assets under management) of the industry with 43 players at present is Rs 15 trillion and SIPs valued at Rs 4,000 crore are being added to the industry every month. The industry has added 25 lakh SIPs during past one year alone. In terms of value, SIPs have grown by 33 per cent during past one year alone in terms of value. SIPs worth Rs 4,000 crore are being added to the industry on a monthly basis currently, from Rs 3,000 crore a year ago. "The MF industry will grow at 20 per cent during the current fiscal and we are relying on SIPs for achieving the target," D P Singh, executive director and chief marketing officer of SBI Mutual Fund, told PTI here on the sidelines of a CafĂ© Mutual event today. He said SBI MF also expects a similar growth on the back of the increased investor int…

KWID SCORES ZERO IN CRASH TEST

French auto major Renault's popular entry-level car in India, Kwid showed only limited progress in safety rating, scoring only one star for adult occupant protection in a crash test, according to automobile safety agency Global NCAP.
The agency, which also tested Honda's multi-purpose vehicle (MPV) Mobilio, said basic version of the model showed a stable structure, but rated zero stars for adult occupant protection, while the variant with double airbags achieved three stars for adult occupant protection.
"Results for India's 'car of the year', the Renault Kwid, surprised and disappointed Global NCAP. After poor results earlier this year and following Renault's latest set of improvements, Kwid was assessed again in the frontal impact test and the model still offers just one star for adult occupant protection," the agency said in a statement.
It further said the standard version of Renault Kwid is offered without airbags and has been tested by Global NCAP …

ASTRO TECHNICAL GUIDE FOR NIFTY

for 20, September 2016

Mid Session Better
Tithi ::Bhadrapada Krishna  Chaturdhi
Nakshatra ::Bharani
Persons   born in  Margasira, Chitta and Dhanishta constellations and Taurus and Virgo  are advised to be alert in their dealings.
Sensitive / Trend change Timings : 9.16AM;11.01AM; 2.40PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady  / Subdued   and remain generally subdued till about 12 PM and remain better till  about 2.15PM and remain steady / Subdued thereafter.
Astro Technical Trading Strategy...
After 9.30.AM, if Nifty fut trades below the Open /  the Average Traded Price (ATP), Short  positions can be taken with High  as  Stop Loss and such positions can be closed by about 12 PM. After 12.15PM, if Nifty Fut trades above  the Average Traded Price (ATP), Long positions can be taken with suitable stop loss and such positions can be closed by about 2.30PM.
Technical Levels... Resistance : 8845, 8880 ; Support :…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 19.09.2016 to 23.09.2016
Negative Outlook
NIFTY :: 8780 (- 87)
Nifty traded in a range of 8848 to 8689  and closed nearer to the middle  Level  at 8780 with a  loss of  87 Points and lost about 1%. Market had closed with a negative  week for the First  time with a loss of 87 points. FII Inflow is to be watched carefully and if the inflows are either tepid or become negative, it is to be viewed as negative. Market could go up further in Medium Term and also in Long term due to passage of GST Bill but could behave in a volatile way  in the Short Term mode.  Current week , there is FOMC meeting on 20 th and 21 st September, which could give a trigger for short term movement.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8702, 8609, 8309 and 7939 respectively and would act as  Supports  as Nifty is trading  above most of the Moving Averages.
- Nifty continues to trade above    the  200 DMA and  50 DMA too has come above   200 DMA (Golden   Cross) suggesting that the Long te…

INDIA's THIRST FOR SCOTCH WHISKY

India has emerged as one of the world's fastest growing import markets for Scotch whisky with the value of exports surging 28 per cent to 43 million pounds, a trade body said today while seeking urgent help from the UK government to bring down India's "exorbitant" 150 per cent customs duty on liquor. The Scotch Whisky Association (SWA) revealed the amount of Scotch whisky sold overseas increased for the first time since 2013, largely thanks to India registering a massive jump in shipment value. India has established itself as the third-biggest export market for Scotch at 41 million bottles, marking a 41 per cent increase in sales volumes, after France (90.9 million bottles) and the US (53.1 million bottles). "The growth of exports to India stood out, with value up 28 per cent to 43 million pounds," the SWA said. The industry body also called on urgent action from the UK government to help realise the full potential of the Indian market. "The full poten…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 15, September 2016Closing Session Subdued
Tithi ::Bhadrapada Sukla Chaturdasi
Nakshatra ::Sathabhisham
Persons   born in  Aslesha, Jyeshta and Revathi   constellations and Aquarius and Gemini    are advised to be alert in their dealings.
Sensitive / Trend change Timings ::10.00AM;12.10PM; 1.20PM;2.25PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady  / Better  and remain generally better till  about 11AM and remain steady till about 1.15PM and remain subdued thereafter till about close of the day.
Astro Technical Trading Strategy...
After 9.30.AM, if Nifty fut trades above  the Average Traded Price (ATP), Long  positions can be taken with Low as  Stop Loss and such positions can be closed by about 11AM. After 1.30PM, if Nifty Fut trades below the Average Traded Price (ATP), short positions can be taken with suitable stop loss and such positions can be closed by end of the day.
Technical Levels... Resistance : 8765,…