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JIO TARIFF CICK FOR TELECOM STOCKS

Telecom stocks today surged up to 8 per cent after the recent increase in Reliance Jio tariffs, which is largely seen as positive for the sector. Shares of Bharti Airtel jumped 4.99 per cent to close at Rs 497.50 on BSE. Bharti Airtel was the biggest gainer among the 30-share index components. The scrip of Idea Cellular soared 7.74 per cent to end at Rs 98.15 and Reliance Communications zoomed 7.60 per cent to Rs 17.70. Reliance Jio made its service dearer by about 15 per cent for its popular 84-day plan at Rs 459 from October 19, under which subscribers get 1GB 4G data at high speed per day. The company restructured its various schemes by reducing their validity period. The recent increase in Reliance Jio tariffs will increase its average revenue per user by up to 20 per cent and is a positive for the telecom sector, which is seeing a rapid consolidation, says a Philip Capital report. Established telecom sector players have seen huge reduction in their margins. Idea Cellular and Reli…

ASTRO TECHNICAL GUIDE FOR NIFTY

for October 24, 2017
Mid Session Better
Tithi ::Karteeka Sukla Panchami
Nakshatra ::Jyeshta
Persons born in Krittika, Uttara and Uttarashadha and those  born in Sagittarius and Aries are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.58AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued and remain so till about 10.45 AM and remain Better  thereafter till about 2.35PM and become Subdued thereafter .
Astro Technical Trading Strategy...
If Nifty Fut. Trades above the Open/ATP level by about 11 AM , Long Positions can be taken with suitable SL, and such positions can be closed by about 2.30 AM.
Technical Levels... Resistance : 10225,10260 Support :10145,10110 ----------------------------------------- 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 l…

RISK IS THRILLING FOR SOME INVESTORS

When investors hear the line that certain 'investments are subject to market risks', it means 'danger or loss' for most of them, but a few associate the word 'risk' with 'thrill or opportunity' as well. These are the findings of a new survey, commissioned by capital markets regulator Sebi, which also found that investors worry more about market risks like volatility and financial losses rather than operational risks such as corporate governance issues and insider trading. Risk, returns and liquidity perceptions demonstrates that while individual retail investors are surprisingly rational about certain aspects of financial decision-making, they can also be completely irrational regarding a number of other market aspects. The word 'risk' itself has different meanings for various investors. When the word 'risk' is mentioned, 'danger' is the first word that comes to the minds of 33 per cent of the investors surveyed and 23 per cent t…

NIFTY FORECAST for SAMVAT-2074 (Deewali to Deewali)

VOLATILE AND SCRIP SPECIFIC MOVEMENTS
Samvat  2073 has ended the year at a  level of 10211  (up from 8638 last year) recording  a rise  of just about  18%.Metal, FMCG,Infra,Bank, Auto stocks have done well during the year and only Pharma stocks had given a negative return. From Jamuary 2018 onwards market will take a turn.
Samvat Year 2074 rises in Cancer Lagna with luminaries (Sun and Moon) and Mercury and Jupiter placed in 4th and Mars and Venus in 3 rd in Virgo and Saturn placed in 5th in Scorpio and Rahu and Ketu placed in Cancer and Capricorn. All planets transiting in between Rahu and Ketu. On the basis of Planetary position at the time of Diwali (New year) and the transiting planets during the year the following indications are available astrologically. Resistance Levels...
10340. 10570, 10700,11150,11500, 11900
Support Levels...
9870,9710,9560,9215,8880

While global cues, FII inflows and Government policies including Monetary policy of the central bank, Business environment, Curre…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Recovery towards Weekend
Outlook for the Week 23.10.2017 to 27.10.2017
NIFTY :: 10,147 (- 20)
Nifty traded in a range of 10252 to 10123 during last week and closed nearer to the Low of the range for the week at 10147 with a Loss of 20 Points. Market had closed with a slight negative outlook.
- The short term  trend is also Bullish. It is Bullish both  for Medium and Long term, Short term would become Bearish  if Nifty comes and closes below  10075
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9992, 9957, 9856 and 9400 respectively and would act as Supports and Resistances.
- Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than Eight months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and it is at the nearly at the highest level ever.
Technical Levels...
Bullish above 10220 with Resistance at 10300, 10375
Bearish below 10075 w…

'INDIA's RESERVES SUFFICIENT TO CUSHION THE ECONOMY

India's foreign exchange reserves touched a record high in September and the current stock is sufficient to cushion India against unexpected global risks, says a report.
According to global financial services major DBS, India's total foreign reserves touched a record high of USD 402.5 billion in September this year.
"This is a long way since reserves bottomed out at USD 275 billion in August 2013, at the worst point of the Fed taper tantrum," DBS said in a research note.
The reserves stock has increased on the back of strong foreign portfolio inflows, net investment flows and a narrower current account deficit.
It said however that some of these supportive factors might reverse in the coming months and slow the accumulation of foreign reserves.
"Nonetheless, the current stock is sufficient to cushion India against unexpected global risks. Any protracted risk-off episodes and resultant strong outflows might, however, require a steeper rundown of the reserves," th…

SAMVAT 2074 BEGINS OF WEAK NOTE

SENSEX TUMBLES 194 POINTS
Benchmark Sensex surrendered early gains to end over 194 points lower at 32,389.96 in a special Muhurat trading session today to mark the beginning of Hindu Samvat year 2074. Banking stocks led the fall as participants booked profits to write their first entry with gains on the first session of Samvat 2074, brokers said. The broader NSE Nifty too dipped below the 10,200-mark in the special one-hour Muhurat session. The BSE Sensex opened higher at 32,656.75 and advanced to a high of 32,663.06 on token buying activity as investors and funds opened their new accounts on the first session of Samvat 2074. However, higher levels could not be sustained due to sudden sell-off by participants and the index slipped to 32,319.37, before settling 194.39 points, or 0.60 per cent down at 32,389.96. The gauge had lost 49.29 points in the previous two sessions. On similar lines, the broad-based NSE Nifty index, after shuttling between 10,211.95 and 10,123.35, ended 64.30 poin…

INVESTORS RICHER BY Rs. 25 LAKH CRORES IN SAMVAT 2073

Stock markets ended on a flat note on Wednesday, just below their record highs, but finished Samvat 2073 with robust gains of over 16 per cent. Equities added over Rs 25 lakh crore to investors' wealth this Samvat year. The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent during this period.
Small loss in last session
In the last session of the Samvat 2073 on Wednesday, the 50-share Nifty fell by 23.60 points or 0.23 per cent to close at 10,210.85 after moving between 10,175.75 and 10,236.45. The Sensex resumed lower at 32,518.56 and fell further to a low of 32,462.85 before ending at 32,584.35, down 24.81 points or 0.08 per cent. Investors adopted a cautious approach ahead of the long Diwali weekend, while a weak rupee too affected sentiment, brokers said.
- Axis Bank emerged as the worst performer among Sensex components, tumbling 9.52 per cent following a spike in ba…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 13th October, 2017
Closing  Session Bullish
Tithi ::Aswayuja Bahula Navami
Nakshatra ::Pushyami:: Persons born in Bharani, Pubba and Poorvashadha and those  born in Leo and Sagittarius are advised to be alert in their dealings.
Sensitive / Trend change Timings :9.30AM; 1.13 PM; 1.29 PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued thereafter till about 2.15 PM and remain Better thereafter till Close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below the Open/ATP level by about 9.30 AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 2.00 PM. If Nifty fut trades above ATP by about 2.30 PM , Long Positions can be considered with suitable Stop Loss and such positions can be closed by about end of the day.
Technical Levels... Resistance : 10135,10170 Support : 10055,10020
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IF resistance levels are achieved i…

ASTRO TECHNICAL GUIDE FOR NIFTY

for October 11, 2017

Mid Session Bearish
Tithi ::Aswayuja Bahula Shashti
Nakshatra :: Mrigasira/ Aardra :
Persons born in  Aslesha, Jyeshta and Revathi and those  born in Cancer and Scorpio  are advised to be alert in their dealings. 
Sensitive / Trend change Timings :10.23 AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better and remain so thereafter till about10.25AM and remain Subdued   thereafter till about 2.15 PM and remain Steady thereafter towards Close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above the Open /ATP level by about 9.30 AM , Long Positions can be taken with suitable SL, and such positions can be closed by about 10.15AM. IF Nifty fut trades below ATP by about 10.30 AM , Short Positions can be taken with suitable SL and such positions can be closed by about 2.15 PM. Technical Levels... Resistance : 10055,10090 Support : 9975, 9940



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ASTRO TECHNICAL GUIDE FOR NIFTY

for October 10, 2017
Closing Hour Bearish
Tithi ::Aswayuja Bahula Panchami
Nakshatra :: Rohini / Mrigasira
Persons born in Punarvasu, Visakha and Poorvabhadra (upto 12.06) Pushyami. Anuradha and Uttaraabhadra and those born in Gemini and Libra are advised to be alert in their dealings.
Sensitive / Trend change Timings :11.38 AM; 12.06 PM; 1.34 PM; 1.40 PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Subdued  and remain so thereafter till about12.05PM and remain Subdued again  thereafter till about 2.00 PM and remain Weak towards Close in the Last Hour.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below the Open /  ATP level by about 9.30 AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 10.00AM. IF Nifty fut trades below  ATP by about 2.30 PM , Short  Positions can be taken with suitable SL and such positions  can be closed by about end of the day.
Technical …

RBI TO LAUNCH Fin LITERACY DRIVE IN 9 STATES

The Reserve Bank will soon launch a financial literacy drive in 80 blocks in nine states on pilot basis to educate people on e-transactions, formal sector borrowings and insurance purchases. Six NGOs registered with the Depositor Education and Awareness Fund -- CRISIL Foundation, Dhan Foundation, Swadhaar Fin Access, Indian School of Micro Finance for Women (ISMW), Samarpit and the PACE Foundation -- have been selected to execute the pilot project in collaboration with banks. "The Reserve Bank is initiating a pilot project on financial literacy at the block level to explore innovative and participatory approaches to financial literacy," RBI said while inviting expression of interest from agencies to conduct impact assessment of Pilot CFL (Centre for Financial Literacy) Project. The pilot project, RBI document said will be commissioned in the 9 states of Maharashtra, Chhattisgarh, Bihar, Odisha, Karnataka, Telangana, Andhra Pradesh, Haryana and Uttar Pradesh across 80 blocks …

IS 5.7% GROWTH A SLOWDOWN?

Domestic criticism of economic growth notwithstanding, the European Commission President Jean-Claude Juncker today said nobody outside India calls its 5.7 per cent GDP growth as a slowdown as it is much better than that clocked by major economies of Europe. "What you are calling a slowdown would be a major performance in Europe. 5.7 per cent by comparison to 2 per cent in Europe is showing that India is doing well. I wouldn't be too afraid of what you are calling slowdown. "Nobody outside India is calling this a slowdown," he said on the sidelines of India European Union Business Forum here. The comment comes amidst intense criticism in the country over the its economic growth rate slowing down to three-year low of 5.7 per cent in the first quarter ended June due to demonetisation and implementation of GST. World Bank President Jim Yong Kim had said yesterday that the recent slowdown in India's economic growth is an "aberration" mainly due to the tempo…

MUKESH RETAINS INDIA's RICHEST TAG

Reliance Industries chief Mukesh Ambani today emerged as India's wealthiest for the 10th straight year as his net worth swelled to USD 38 billion (nearly Rs 2.5 lakh crore) while the wealth of 100 richest rose by 26 per cent despite economic hiccups. Wipro's Azim Premji was the distant second with a net worth of USD 19 billion, moving up two places from last year, while Sun Pharma's Dilip Shanghvi slipped from his earlier second place to the ninth now (USD 12.1 billion) on Forbes magazine's annual 'India Rich List 2017'. Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest. In the case of Ambani, improved refining margins and his telecom unit Reliance Jio…