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Showing posts from March, 2017

SENSEX GAINS 16% IN FY 17

Investors richer by Rs 26 trn
Benchmark Sensex slipped 27 points today to end at 29,620.50 on the last trading day of 2016-17, but scored a gain of over 16 per cent for the full fiscal during which investors' wealth grew by over Rs 26 lakh crore. The broader 50-share index Nifty, which today ended flat at 9,173.75 points, scored even better for the full year with a surge of 18.55 per cent. Measured in terms of total market capitalisation of all listed stocks on the BSE, the overall investor wealth grew to a record high of Rs 121 lakh crore -- up from Rs 94.75 lakh crore at the end of fiscal 2015-16. The Sensex has gained 4,278.64 points, or 16.88 per cent, for the entire fiscal 2016-17. The gauge had touched the year's high of 29,824.62 (intra-day) on March 17 this year. The broader Nifty ended the fiscal with gains of 1,435.55 points, or 18.55 per cent, after scaling the year's high of 9,218.40 (intra-session) on March 17. The index had lost about 9 per cent in the previou…

NIFTY ENDS @ RECORD HIGH

Benchmark Nifty closed at an all-time high of 9,173.75 while the Sensex rose for the third straight session today on optimism surrounding the GST amid expiry of derivatives contracts. The Lok Sabha yesterday cleared four GST legislations to pave the way for the rollout of the new indirect tax regime from July 1, boosting market sentiment. Sustained foreign capital inflows and covering up of short positions on the last trading session of March series derivatives contracts supported the momentum, traders said. The 50-share NSE Nifty edged higher by 29.95 points, or 0.33 per cent to a record closing of 9,173.75 after hovering between 9,183.15 and 9,136.35. This is Nifty's highest closing since March 17, when it had ended at 9,160.05. The 30-share Sensex, after touching the day's high of 29,684.54, succumbed to profit-booking and hit a low of 29,521.65 before settling 115.99 points, or 0.39 per cent higher at 29,647.42. The gauge had gained 294.28 points in the previous two sessio…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 31, March 2017
Forenoon Session Better
Tithi ::Chaitra Sukla Chathurdhi
Nakshatra: Krittika
Persons   born in  Aardra, Swathi and Sathabhisham constellations  and those born in Gemini and Libra are advised to be alert in their dealings. 
Sensitive / Trend change Timings : 12.30 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open  Better and remain Better till about 1.30PM and could remain subdued thereafter till about close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above ATP/ Open level by about 9.30 AM , Long  Positions can be taken with suitable   SL, and such positions can be closed by about 1.15 PM. If Nifty fut trades below  ATP by 1.30 PM , Short  positions can     be taken with suitable SL , and such positions can be closed by end of the day.
Technical Levels... Resistance : 9210, 9245 Support : 9135, 9100 ----------------------------------
- IF resistance levels are achieved in the fore…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 30, March 2017
Closing Session Better
Tithi ::Chaitra Sukla Thadiya  
Nakshatra: Bharani (from 9.22AM).
Persons   born in  Mrigasira, Chitta and Dhanishta constellations  and those born in Taurus and Virgo are advised to be alert in their dealings. 
Sensitive / Trend change Timings : 9.22AM; 1.15 PM; 2.50 PM;
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 11.10AM and remain subdued from 11.10 to 1.15 PM and recover from 1.30 PM till close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below   ATP by 11.15 AM, Short    Positions can be taken with suitable   SL, and such positions can be closed by about 1.15 PM. If Nifty fut trades above ATP by 1.30 PM , Long positions can     be taken with suitable SL , and such positions can be closed by end of the day.
Technical Levels... Resistance : 9185, 9220 Support  : 9105, 9070  -----------…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 29, March 2017
Mid Session Better
Tithi ::Chaitra Sukla Vidiya
Nakshatra: Revathi (11.37 AM) & Aswini.
Persons born in  Krittika, Uttara and Uttarashadha & Rohini , Hastha, Sravanam constellations  and those born in Taurus and Virgo are advised to be alert in their dealings. 
Sensitive / Trend change Timings : 11.40AM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Subdued and remain Better from 10.25 AM to 2.45PM and could remain subdued towards close.
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 2.30 PM;
Technical Levels... Resistance : 9140, 9175 Support : 9060, 9025 ------------------------------------ - 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 tr…

NEGATIVE SUPPLY IN INDIAN RETAL SPACE

Limited supply coupled with closure of certain malls resulted in a negative supply in retail space for the first time ever in 2016, a recent survey said. According to property consultant Jones Lang LaSalle (JLL), closure and change in usage of failed malls, limited new supply led to net negative supply of 3 lakh sqft in 2016. "For the first time in India's mall history, a net negative supply of retail space was observed in 2016 due to closure of some failed malls coupled with limited new supply," the report said. "While five malls shut down last year, 10 others changed their usage to offices, educational institutes, shopping clusters, hospitals and banquet halls," it added. This resulted in 3.5 million sqft of retail space, across 15 malls across India, getting withdrawn from the operational stock. These malls were operational in Chennai, Delhi-NCR, Mumbai and Pune. According to the report, it is not the first time that a withdrawal of mall space was done but t…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 28, March 2017 Mid Session Better
Tithi ::Chaitra Sukla Padyami
Nakshatra: Uttarabhadra .
Persons born in Mrigasira, Chitta and Dhanishta constellations  and those born in Aries and Leo are advised to be alert in their dealings.
Sensitive / Trend change Timings : 1.40PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Subdued and remain Steady from 10.30 AM to 12.30 PM and recover from 12.30PM to 2.40PM and could remain subdued towards close.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above  ATP by 12.30 PM, Long    Positions can be taken with suitable   SL, and such positions can be closed by about 2.30 PM; Technical Levels... Resistance : 9085, 9110 Support : 9010, 8975 -------------------------------------------- - 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 leve…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 27.3.2017 to 31.03.2017
First Half Range Crucial
NIFTY :: 9108 (- 52)
Nifty traded in a narrow range of 9019 to 9168 during last week and closed at the Middle range for the week at 9108 with a LOSS of 52 Points, a Loss of about 0.55%. Market gained about 56 points on Thursday during the week with a net loss of about 52 points during the week.
Market had closed with a light negative positive outlook with a Loss of about 0.55% i.e.,52 points . The short term trend has turned Up. It is Bullish both for Medium and Long term, short term could be quite Bullish Unless Nifty comes and closes below 8950.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9006, 8787, 8487 and 8522 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 about Five weeks back) suggesting that the Long term outlook has become …

INDIAN Co's LINE UP Rs.20000 CRORE IPO's

The IPO lane is getting busy as companies have lined up initial public offerings worth Rs 20,000 crore in the coming months to fund their business expansion and meet working capital requirements. Hudco, NSE, Central Depository Services Ltd, Nakshatra World and Cochin Shipyard are among the names that plan to launch share-sale offers in coming months. Most of these companies plan to utilise initial public offer (IPO) proceeds for business expansion as well as working capital requirements. Besides, the firms are taking IPO route to achieve benefits of listing the equity shares on the bourses. Some of the firms believe the listing of the equity shares will enhance their brand name and provide liquidity to the existing shareholders. At present, five companies -- Hudco, Central Depository Services Ltd, S Chand and Company, Genesis Colors and Security & Intelligence Services (India) Ltd -- have secured Sebi's go-ahead to float their respective public offers. In addition, 11 companie…

INDIA...The 3rd LARGEST AVIATION MARKET

India has become the third largest aviation market in terms of domestic passenger traffic, beating Japan, an industry report has said. India's domestic air passenger traffic stood at 100 million in 2016 and was behind only the US (719 million) and China (436 million), Sydney-based aviation think-tank Centre for Asia Pacific Aviation (CAPA) said in its latest report.
India acquired the third spot globally by unseating Japan, which flew 97 million domestic passengers in 2016, CAPA said. Domestic air traffic has shown a consistent growth of 20 -25 per cent throughout 2015 and 2016, peaking in January this year at 25.13 per cent. However, the domestic travel demand rose 16 per cent in February this year, ending the long streak of over 20 per cent. According to CAPA, India which enjoyed the fourth position in terms of overall air passenger traffic (both domestic and international) along with the UK, has also inched closer to becoming the third largest one by March next year. "India…

MUTUAL FUNDS INFLOWS @ Rs. 3.98 LAKH CRORES

Investors have pumped in more than Rs 30,000 crore into various mutual fund schemes in February, with liquid, income and equity funds attracting the most of the inflows.
With this, total inflows have reached Rs 3.98 lakh crore in the first eleven months of the current fiscal (2016-17). In comparison, Rs 2.07 lakh crore was invested in various mutual fund products during April-February period of 2015-16.
"Investors may have seen the volatility of the current fiscal as a positive to average out costs. Retail investors also appear to have become savvier, using liquid schemes to either earn higher returns or to run Systematic Transfer Plan (STPs) into equity funds to average costs," said Srikanth Meenakshi, the COO of Fundsindia.com, an investment portal for mutual funds. "Apart from equity, inflows into debt funds have risen. Deposit rates have been falling, resulting in lower returns for investors. Falling rates help debt fund returns as yields instruments rally, which coul…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 24, March 2017
Mid Session Subdued
Tithi ::Phalguna Bahula Ekadasi
Nakshatra: Sravana.
Persons born in Punarvasu. Visakha, Poorvabhadra constellations and those born in Aquarius and Gemini are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.35AM; 12.15PM; 2.30PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets Market is expected to open Steady and remain Subdued from12.15PM to 2.30PM and remain Steady thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below ATP by 12.15 PM, Short Positions can be taken with suitable SL, and such positions can be closed by about 2.30 PM;
Technical Levels... Resistance : 9125, 9160 Support : 9050, 9015 ---------------------------------------------- - 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 levels are achieved in the f…

FIRM COMMODITY PRICES SUPPORT INDIA Inc GROWTH

Despite reverses of note ban, India Inc was able to post a 5.1 per cent revenue growth in the December quarter on commodity price recovery and a low-base effect, a report said today. "Indian corporate sector posted healthy revenue growth of 5.1 per cent in Q3FY2017...revenue growth was supported by recovery in commodity prices and low-base effect," domestic rating agency Icra said in a note. In the analysis of 497 companies, the agency said the 5.1 per cent revenue growth, which is significantly higher than the preceding quarters of the fiscal, was supported by commodity prices which is reflected in performance of sectors such as metals, oil and gas and capital goods. On demonetisation, it said consumption-driver sectors like auto, cement and fast moving consumer goods suffered a contraction of revenues during the quarter. Companies had to adopt strategies like offering credit to its channel partners, higher incentives and supply chain efficiencies to reduce the impact of de…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 23, March 2017
Forenoon Session Better
Tithi : Phalguna Bahula Dasami
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 : 9.25AM;11.40 AM; 1.25PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Subdued and recover from 9.35 AM to 1.40 PM and could remain subdued thereafter.
Astro Technical Trading Strategy for the day :: If Nifty Fut. Trades above  Open Level /  ATP by 9.45AM, Long Positions can be taken with suitable   SL, and such positions can be closed by about 1.30 PM; If Nifty futures trades below  ATP by about 2.00 PM , Short   Positions can be taken with suitable Stop loss and such positions can be closed by about 3.30 PM.
Technical Levels... Resistance : 9070, 9105 Support  : 8990, 8955 -------------------------------------------
- IF resi…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 22, March 2017Opening Session Better
Tithi ::Phalguna Bahula Dasami
Nakshatra: Poorvashadha and Uttarashadha(From 2.05PM).
Persons born in Mrigasira, Chitta and Dhanishta and Aardra , Swathi and Sathabhisham constellations and those born in Capricorn and Taurus are advised to be alert in their dealings.
Sensitive Trend change Timings : 1.15PM; 2.05PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Better and remain so till about 11.40AM and remain Subdued  thereafter till about1.50PM and again remain Steady  till close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above  Open Level /  ATP by 9.30AM, Long    Positions can be taken with suitable   SL, and such positions can be closed by about 11.30 AM; If Nifty futures trades below  ATP by about 12.00 PM , Short   Positions can be taken with suitable Stop loss and such positions can be closed by about 3 PM.
Technical Levels... Resistance:…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 21, March 2017
Closing Session Better
Tithi ::Phalguna Bahula Navami
Nakshatra : Moola and 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 : 11.50AM; 12.00PM; 1.10 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  1.50PM and remain Steady / Better   thereafter  till about end of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below Open Level / ATP by10.00AM, Short Positions can be taken with suitable   SL, and such positions can be closed by about 1.30 PM; If Nifty futures trades above  ATP by about 2.00 PM , Long  Positions can be taken with suitable Stop loss and such positions can be closed by end of the day.
Technical Levels... Resistance : 9165, 9200 Support : 9085, 9050 ------------------------------------…