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Showing posts from February, 2017

INDIA TO GROW @ 7.1%

The Government today pegged GDP growth at a higher-than-expected 7.1 per cent for the current fiscal despite note ban with agriculture sector doing exceptionally well, helping India retain the tag of world's fastest growing major economy. The Central Statistics Office (CSO) put the growth rate for October-December -- the quarter in which the government banned 86 per cent of the currency in circulation -- at 7 per cent, compared to 7.4 per cent in the second quarter and 7.2 per cent in the first quarter. The growth rate was on a higher base after the CSO revised 2015-16 GDP growth rate to 7.9 per cent from the earlier provisional estimate of 7.6 per cent. India's growth was higher than China's 6.8 per cent for the October-December period of 2016. Economic Affairs Secretary Shaktikanta Das said the CSO numbers have vindicated the government's position and the criticism of note ban was anecdotal and not supported by data. The CSO data revealed that GVA (Gross Value Added)…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 01, March 2017
Forenon  Session Better
Tithi ::Phalguna Sukla Thadiya
Nakshatra :Revathi
Persons   born in  Krittika, Uttara and Uttarashadha constellations  and those born in Aries and Leo are advised to be alert in their dealings. 
Sensitive / Trend change Timings :  10.21 AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Better and  and  remain Better   till about 1.00PM and remain subdued thereafter  till about 3.15 PM. And remain Better towards  close.
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 12.45PM. 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 3.15 pm.
Technical Levels... Resistance : 8920, 8950 Support : 8840, 8810  ------------------------------------ nd and astrological port…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 27.2.2017 to 03.03.2017
Second Half Better...
NIFTY :: 8940 (+118)
Nifty traded in a range of 8810 to 8982 during last week and closed at the Higher end for the week at 8940 with a GAIN of 118 Points (a gain of about 1.3%). Market gained about 118 points during the week gaining on all the Four days in the week.
- 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 8800.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8776, 8451, 8422 and 8420 respectively and would act as  Supports  and Resistances as Nifty is trading above all the averages.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8776, 8451, 8422 and 8420 respectively and would act as  Supports  and Resistances as Nifty is trading above all the averages.
- Nifty continues to trade above    the  200 DMA and also  the 50 DMA and   50 DMA too has  come above   200 DMA (Golden Cross has come during  the last Week…

ARAKU COFFEE ENTERS PARIS MARKET

Domestic coffee company Araku Global Holdings today marked a global debut by opening its flagship retail store in Paris which will retail its homegrown blend of Arabica coffee.
The top quality blend will retail under the 'Araku' brand at a premium pricing, and is cultivated by the indigenous tribes of the Araku Valley in Andhra Pradesh.
Araku Global Holdings was formed as a social enterprise by top businessmen including Anand Mahindra of Mahindra Group, Kris Gopalakrishnan of Infosys, Satish Reddy, Chairman of Dr Reddy's Laboratories and Rajendra Prasad Maganti, chairman, Soma Enterprise.
To ensure maximum benefit to the farmers, it bypasses middlemen and sells directly to the end consumer.
Araku Global Holdings is managed by the Naandi Foundation's CEO Manoj Kumar along with other trustees.
The initiative will help support marginalised farmers, the company said in a statement.
"We are focused on making Araku a globally recognised luxury coffee brand from India, while h…

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 23, February 2017
Forenoon   Better
Tithi ::Magha Bahula Dwadasi
Nakshatra : Uttarashadha.
Persons   born in  Aardra, Swathi and Sathabhisham constellations  and those born in Aquarius and Gemini are advised to be alert in their dealings.
Sensitive / Trend change Timings :  11.32 Am;10.40 AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and  remain Better from  about  9.30 AM till about 1.00 PM and remain subdued thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above  ATP by 9.45 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 end of the day.
Technical Levels... Resistance : 8965, 9000 Support : 8885, 8850 ----------------------------------------
- IF resistance levels are achieved in the forenoon…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 22, February 2017
First Half Better
Tithi ::Magha Bahula Ekadasi
Nakshatra : Poorvashadha
Persons   born in  Mrigasira, Chitta and Dhanishta constellations  and those born in Capricorn and Taurus are advised to be alert in their dealings. 
Sensitive / Trend change Timings : 9.45 Am;10.40 AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and  remain Better from  about  9.30 AM till about 1.15 PM and remain subdued thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above  ATP by 9.45 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 1.30 PM , Short  Positions can be taken with suitable  SL and such Positions can be closed by about 3.15 PM.
Technical Levels... Resistance : 8950, 8985 Support : 8870, 8835 ------------------------------- F resistance levels are achieved in the forenoon session, buying may …

TCS Rs.16000 CRORE BUY BACK OFFER

LARGEST EVER IN INDIAN STOCK MARKET
Tata Consultancy Services Ltd (TCS) today announced Rs 16,000 crore share buyback -- biggest in the Indian capital market, as it looks to return surplus cash to shareholders.
The decision comes at a time when India's largest software services provider is under pressure of losing revenue from its clients in the US, which accounts for 65 per cent of of the USD 155 billion industry, under President Donald Trump's protectionist measures.
TCS said in a stock exchange filing that its board approved buyback of up to 5.61 crore shares, or 2.85 per cent of its share capital, at Rs 2,850 apiece.
The share buyback, if successful, will be India's biggest, surpassing Reliance Industries' 2012 share repurchase of Rs 10,400 crore.
TCS shares rallied 4.08 per cent to close at Rs 2,506.50 on the BSE, the highest closing price in five months.
"TCS Board of Directors has approved a proposal to buyback up to 5.61 crore equity shares of the company for an…

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 21, February 2017
Generally Better
Tithi ::Magha Bahula Dasami
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. Combination of Week day and Tithi does not seem favourable.
Sensitive / Trend change Timings : 2.05 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and  remain Better from  about  9.35 AM till about 11.15 AM and remain subdued till about 1.05 PM and could remain Better thereafter  till about 3.15 PM.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above  ATP by 9.45 AM, Long Positions can be taken with suitable   SL, and such positions can be closed by about 11.00AM. If Nifty Fut trades above    the  ATP by about 1.15 PM , Long Positions can be taken with suitable  SL and such Positions can be closed by about 3.15 PM.
Technical Levels... Resistance : 8920, 8950 Support : 8840, 88…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 20.2.2017 to24.02.2017
Scrip Specific Movements
NIFTY :: 8822 (+ 28)
Nifty traded in a range of 8713  to 8896 during last week and closed at the Middle end  for the week at 8822   with a GAIN  of 28  Points,  a gain    of  about 0.3%. Market gained about 28  points during the week despite a loss of more than 68 points on Wednes  day.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8683, 8304, 8412 and 8392 respectively and would act as  Supports  and Resistances as Nifty is trading above 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 January  month  end) suggesting that the Long term outlook has become   Bearish but Nifty continues to trade above both the Averages and hence can be considered neutral even for Long term too..
Technical Levels...
Breakout level : 8960 Breakdown level : 8700
Bullish above 8890 with resistance at 8960, 9040, 9100
Bearish belo…

ISRO SETS WORLD RECORD

Space agency ISRO today scripted history by successfully launching a record 104 satellites, including India's earth observation satellite, on a single rocket from the spaceport here. This is the highest number of satellites ever launched in a single mission. Polar Satellite Launch Vehicle PSLV-C37 blasted off at 9:28 AM from the first launch pad at the Satish Dhawan Space Centre and first injected Cartosat-2 series satellite into orbit followed by the other 103 nano satellites, including 96 from the U.S, in a gap of about 30 minutes. As the scientists at the Mission Control centre broke into cheers, Indian Space Research Organisation (ISRO) Chairman A S Kiran Kumar announced: "All 104 satellites successfully placed in orbit. My hearty congratulations to the entire ISRO team for the wonderful job they have done."
Earlier, the Russian Space Agency had launched 37 satellites in one go. ISRO had earlier launched 23 satellites in a single mission in June 2015. Prime Minister N…

TECHNICAL GUIDE FOR NIFTY

for 16, February 2017
Second Half  Better
Tithi ::Magha Bahula Shashti
Nakshatra : Chitta and Swathi.
Persons   born in  Aslesha, Jyeshta and Revathi constellations  and those born in Scorpio and Pisces are advised to be alert in their dealings.  Sensitive / Trend change Timings :  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 subdued till about 12.15 PM  and remain Better till about close of the day.  
Astro Technical Trading Strategy...
If Nifty Fut. Trades below  ATP by 9.30  AM, Short  Positions can be taken with suitable   SL, and such positions can be closed by about 12 PM. If Nifty Fut trades above    the  ATP by about 12.30 PM , Long   Positions can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance : 8765, 8800 Support : 8685, 8650 ----------------------------- - IF resistance levels are achieved in the forenoon session…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 15, February 2017 Forenoon Better
Tithi ::Magha Bahula Panchami  
Nakshatra : Hastha  and Chitta.
Persons   born in  Pushyami, Anuradha and Uttarabhadra constellations  and those born in Libra and Aquarius are advised to be alert in their dealings. 
Sensitive / Trend change Timings :  11.30 AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady/ Better   and remain Better till about 11.30  AM and remain subdued thereafter till about 12.15 PM abd recover thereafter till about 2.15 PM and could remain subdued thereafter.
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 above    the  ATP by about 12.15 PM , Long   Positions can be taken with suitable SL and such positions can be closed by about 2.15 PM.
Technical Levels... Resistance : 8835, 8865 Support : 8755, 8725 ---…