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Showing posts from January, 2017

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 01, February 2017Budget Proposals hold the Key
Tithi ::Magha Sukla Panchami
Nakshatra : Uttarabhadra
Persons born in Bharani, Pubba and Poorvashadha constellations  and those born in Aries and Leo are advised to be alert in their dealings.
Sensitive / Trend change Timings :10.26AM;  3.05PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Subdued  and remain subdued particularly frim 12 PM to 2 PM and could be relatively better thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below ATP by12 PM , Short Positions can be taken with suitable   SL, and such positions can be closed by about 2.00PM.  If Nifty Fut trades above the  ATP by about 2.15 PM, Long    Positions can be taken with Suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance : 8600, 8640 Support : 8520, 8485 ------------------------------- - IF resistance levels are achieved in the forenoo…

WOMEN POWER IN BUDGET MAKING

Showing greater contribution to Budget making exercise, women officers account for 41 per cent of senior level personnel involved in the process this year and are handling 52 per cent of the overall budget-related work of the government.
According to sources, out of 34 financial advisors in the rank of Additional Secretary and Joint Secretary attached with various central ministries and departments, 14 are women officers. These women officers handle 52 per cent of Budget related work of the government. Financial advisors in crucial ministries like finance, health and family welfare, HRD, youth, skill development and sports have contributed heavily to the pre-Budget exercise. Also officers from ministries of aviation, urban development, chemical and fertiliser, coal and mines, Post, DeITY, social justice, Department of Science and Industrial Research have participated in the exercise. These advisors are tasked with the primary responsibility of pre-budget exercise in various ministries.…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 31, January 2017
Closing Session Better 

Tithi ::Magha Sukla Chaturdhi 
Nakshatra :Poorvabhadra
Persons   born in  Aswini , Makha and Moola constellations  and those born in Pisces and Cancer are advised to be alert in their dealings. 
Sensitive / Trend change Timings :10.55AM;  3.05PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Subdued  and remain better from 10.30 AM to 12 PM and remain subdued thereafter  till about 2  PM and remain better thereafter till about Close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above    ATP by 10.30 AM  . Long Positions can be taken with suitable SL, and such positions can be closed by about 12.00PM.  If Nifty Fut trades below   the  ATP by about 2 PM, Long Positions can be taken with Suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance : 8670, 8800 Support : 8600, 8565 ----------------------------------- …

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 30.01.2017 to 03.02.2017
Nextweek Range is crucial for Februay Series
NIFTY :: 8641 (+ 342)
Nifty traded in  a  wide range of 8327  to 8673  during last week and closed at the Upper  end  for the week at 8641   with a GAIN  of 342 Points, a gain of  about 4 %. Market gained well and gained 127 points on Wednesday. The Budget Proposals  could provide the required guidance for market. It would be crucial and sector specific movements will be felt.
- The short term trend has turned Up. It is Neutral for Medium and Long term, short term could be quite volatile. Unless Nifty comes and closes below 8350. - 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8355, 8201, 8442 and 8327 respectively and would act as  Supports  and Resistances as Nifty is trading abpve all the averages. - Nifty continues to trade above    the  200 DMA and also  the 50 DMA but  50 DMA has come below 200 DMA (Death  Cross has come towards last month  end) suggesting that the Long term outlook …

LONG TERM Gold Outlook BULLISH

Gold demand in India -- the world's largest consumer -- has been affected in the short term because of the shock demonetisation, but long-term prospects are encouraging with consumption to average at 850-950 per annum by 2020, the World Gold Council (WGC) said today. While the main demand will be for jewellery, bar and coin investment is expected to be 250-300 tonnes by 2020. Jewellery exports are estimated to touch the USD 40 billion mark, from the current USD 8.6 billion. Stating that transparency across the value chain is necessary for gold to be mainstream, WGC said gold trade will become more transparent with introduction of GST, mandatory hallmarking and a massive push by organised jewellers to promote non-cash payments. However, the latest cash ban exercise should also expand the tax base and the positive impact on public finances could generate a more benign and gold-supportive policy approach, it suggested. There has been short-term impact on gold demand in the country du…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 25, January 2017
Scrip Specific Movements

Tithi ::Pushya Bahula Trayodasi  
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 :12.15 PM; 1.55 PM; 3.15PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady  and remain better from 11.20 AM  till about 1.00 PM and remain subdued till about Close of the day.  Being last date of Derivative settlement, scrip specific movements are most likely .
Astro Technical Trading Strategy...
If Nifty Fut. Trades above    ATP by 11.30 AM  . Long Positions can be taken with suitable   SL, and such positions can be closed by about 1.00PM.  If Nifty Fut trades below   the  ATP by about 1.15 PM, Short   Positions can be taken with Suitable SL and such positions can be closed by about 3.30 PM.
Technical Levels... Resistance : 8515, 8550 Support : 84…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 24, January 2017
Volatile Movements with Bullish Bias
Tithi ::Pushya Bahula Dwadasi
Nakshatra : Jyeshta
Persons born in Ktittika, Uttara and Uttarashadha constellations  and those born in Sagittarius and Aries are advised to be alert in their dealings.
Sensitive / Trend change Timings : 9.55 AM; 10.25 AM; 2.10PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better and remain so till about 11.40 AM and remain subdued till about 1.35 AM and remain volatile with Bullish Bias till Close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above    ATP by 9.30 AM  . Long Positions can be taken with suitable   SL, and such positions can be closed by about 11.30AM.  If Nifty Fut trades below   the  ATP by about 11.45 PM, Short   Positions can be taken with Suitable SL and such positions can be closed by about 1.30 PM,  If Nifty Fut. Trades above    ATP by 1.45 PM . Long Positions can be taken with suitable   S…

DEMONETISATION IS A SPLENDID STEP

By generating fear among some people, the demonetisation move by Prime Minister Narendra Modi has opened opportunities for others, writer Ashwin Sanghi said today. "When there is a fear there are opportunities. Demonetisation has created a fear among few people and on the other hand opened opportunities for others," Sanghi said at a session at the ongoing Jaipur Literature Festival here. He was joined by businessman Binod Chaudhury, writer and journalist Hindol Sengupta and Suhel Seth. According to Sengupta, the "pain" that has come along with demonetisation has been "worth it", and that the move was a step forward towards a better economy. "There has been pain and it is worth it. Despite the sufferings, there has not been a single real mass protest happened on roads. The NCR economy is entirely sustaining on black money. Government's next step to nail 'benami' property will be another move towards better economy," he said. Calling h…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 23.01.2017 to 27.01.2017
Buy on Decline
NIFTY :: 8349  ( - 51)
Nifty traded in  a  narrow range of 8340  to 8460  during last week and closed at the Lower end  for the week at 8349   with a Loss of 51 Points,  a loss   of  about 0.6 %. Market was in a narrow to negative  zone and lost about 85 points on Friday itself. This week being the last week of Derivative settlement, scrip specific movements are most likely. The Budget Proposals could provide the required guidance for market.
- The short term trend has turned Up. It is reasonably Bearish for Medium and Long term, short term could be quite volatile. Unless Nifty comes and closes below 8250.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8253, 8170, 8430 and 8310 respectively and would act as Supports and Resistances as Nifty is trading only below 100 DMA.
- Nifty continues to trade above the  200 DMA and also  the 50 DMA but  50 DMA has come below 200 DMA (Death Cross has come towards last month end) suggesting t…

Bank to pay woman for sharing her info with estranged husband

A bank has a relationship of fidelity with its customers and it cannot share their personal information or financial statement with anyone else, Delhi state consumer commision has said while holding a private bank guilty of deficient service by providing account details of a woman to her estranged husband without her consent. The state commission also asked HDFC Bank Ltd to pay a compensation of Rs 50,000 to the complainant, whose financial details were given to her husband with whom she had strained relations owing to a matrimonial dispute. "The relation of the bank and the customer is of fidelity and therefore, bank cannot supply financial statement or any information to another person except that of the court order," the commission said. "Considering the totality of facts and circumstances, the only conclusion drawn is that the statements were provided to the husband with the connivance of the bank officials. The same amounts to deficiency in service on part of the b…

GOOD BYE Mr PM MODI

Hours before he demits the White House, President Barack Obama made a farewell telephone call to Prime Minister Narendra Modi to thank him for his partnership that enhanced Indo-US strategic ties and reviewed the significant progress achieved on the economic and security fronts, including on defence and civil nuclear energy. During the conversation between the two leaders yesterday, Prime Minister Modi thanked Obama for his strong support and contribution to strengthening the strategic partnership between India and the US. The White House, in readout of the conversation, said Obama telephoned Modi to thank him for his partnership and to review joint efforts of cooperation including defence, civil- nuclear energy, and enhanced people-to-people ties. "Recalling his visit as the chief guest at India's Republic Day celebrations in 2015, President Obama wished the Prime Minister warm congratulations ahead of India's upcoming 68th Republic Day anniversary," the White House…

Printing of Budget begins with 'HALWA' ceremony

Finance Minister Arun Jaitley and other officials today participated in the 'halwa ceremony', a ritual which marks the process of printing documents for the Budget for 2017-18.
"After the Halwa ceremony, more than 100 officials of Finance Ministry will stay in Budget printing press till FM's Budget Speech is over," the ministry said in a series of tweets.
The ceremony, it said, marks the beginning of the printing of documents which are part of the Union Budget 2017-18.
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 Ashok Lavasa, Revenue Secretary Hasmukh Adhia, Economic Affairs Secretary Shaktikanta Das, Chief Economic Advisor Arvind Subramanian 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 offic…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 20, January 2017
Forenoon  Better
Tithi ::Pushya Bahula Ashtami
Nakshatra ::Swathi
Persons   born in  Ktittika, Uttara and Uttarashadha constellations  and those born in Scorpio and Pisces are advised to be alert in their dealings. 
Sensitive / Trend change Timings :11.50 AM; 2.05PM;
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 11.45 AM and remain steady thereafter and become subdued from 1.25 PM to to 3.15 and could again become Bullish towards close.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above    ATP by 10 AM  . Long Positions can be taken with suitable   SL, and such positions can be closed by about 11.45AM.  If Nifty Fut trades below   the  ATP by about 1.30 PM, Short   Positions can be taken with Suitable SL and such positions can be closed by about 3.15 PM, (Short term trend is Bullish and Long positions may be held with  Stop Loss at 8375) Technical Levels.…

PHARMA INDUSTRY GROWN BY 29 %

Indian pharmaceutical industry grew by 29 per cent to Rs 2,04,627 crore in 2015-16 from Rs 1,77,734 crore in 2014-15, while it attracted FDI of USD 2.25 billion during April 2014 to March 2016.
The country "is one of the largest producers of pharmaceutical products and a leading player in the global generics market, exporting nearly 50 per cent of its production", according to the achievement report of the sector under the government's 'Make in India' initiative.
"The Indian pharmaceutical industry has witnessed a robust growth in recent years growing from Rs 1,77,734 crore in FY 2014-15 to Rs 2,04,627 crore in FY 2015-16, registering a growth of 29 per cent as compared to the growth of 12 per cent from Rs 1,58,671 crore during FY 2013-14," the report said.
In terms of FDI Inflows, it said: "The sector saw FDI equity inflows of USD 2.25 billion from April 2014 to March 2016."
Among the top FDI inflows were UK's Abbot Asia Holdings USD 447.48 m…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 19, January 2017Forenoon Subdued, Second Half Better
Tithi ::Pushya Bahula Sapthami
Nakshatra ::Chitta
Persons   born in  Bharani, Pubbaand Poorvashadha constellations  and those born in Libra and Aquarius are advised to be alert in their dealings.
Sensitive / Trend change Timings :11.40 AM; 12.55 PM;2.25PM; 2.45 PM;
Likely Intraday Trend...On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / subdued   and remain so till about 12.45 P M and recover thereafter till about 2.35 PM and again become steady  thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below   ATP by  9.45 AM . Short  Positions can be taken with suitable   SL, and such positions can be closed by about 12.30AM.  If Nifty Fut trades above  the  ATP by about 1.00 PM, Long  Positions can be taken with Suitable SL and such positions can be closed by about 2.30 PM.
(Short term trend is Bullish and Long positions may be held with  Stop Loss at 8365). Technical Le…