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Showing posts from May, 2017

NOTE BAN DRAGS INDIAN GDP DOWN

Hit hard by demonetisation, India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent. The bad news of the economy growing at the slowest pace in three years mainly on account of poor performance of manufacturing and service sectors come at a time when the Modi government is celebrating three years in office. The GDP growth was 8 per cent in 2015-16 and 7.5 per cent in the previous year. The growth for the 2016-17 fiscal slowed down despite very good showing by the agricultural sector. China had reported a growth of 6.9 per cent in the January-March quarter of 2017. India had for the first time outpaced China in GDP growth rate in 2015. As per the data released by the Central Statistics Office (CSO), the expansion in Gross Value Added (GVA) during the fourth quarter of 2016-17 fell sharply to 5.6 per cent as compared to 8.7 per cent in the comparable period o…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 1, June 2017 Closing Session Subdued
Tithi ::Jyeshta Sukla Ashtami
Nakshatra: Makha / Pubba;
Persons born in Rohini, Hastha and Sravana(Upto 11.15 AM) and Mrigasira, Chitta and Dhanishta and  those born in Virgo and Capricorn are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.13AM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued  and remain so till 10.40 AM and remain steady / Better  from 11.15 AM till about 12.30PM and remain Subdued thereafter till about close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below  Open / ATP level by about 9.30AM , Long    Positions can be taken with suitable   SL, and such positions can be closed by about 10.30 AM. If Nifty Fut trades above  ATP by about 11.15 AM, Long  Positions can be taken with suitable stop loss and such positions can be closed by about 12.30 PM . If Nifty fut trades below ATP by about 1 PM, Short Position…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 31, May 2017 Closing Session Better
Tithi ::Jyeshta Sukla Sapthami
Nakshatra:Aslesha / Makha;
Persons   born in   Krittika, Uttara and Uttarashadha and Rohini, Hastha and Sravana those born in Leo and Sagittarius are advised to be alert in their dealings. 
Sensitive / Trend change Timings : 11.11AM; 11.23 AM; 11.47AM; 1.53 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better and remain so till 11.10 AM and once again recover from 12.40 PM to 3 PM and could remain steady / subdued thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above Open / ATP level by about 9.30AM , Long    Positions can be taken with suitable   SL, and such positions can be closed by about 11.00 AM. If Nifty Fut trades above  ATP by about 12.45 PM, Long  Positions can be taken with suitable stop loss and such positions can be closed by about 3.00 PM .
Technical Levels... Resistance : 9665, 9700 Support  : 9585, 9550 --------…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 30, May 2017
Generally Better
Astro Info:: Tithi ::Jyeshta Sukla Shashti
Nakshatra: Pushyami /Aslesha
Persons born in Bharani, Pubba and Poorvashadha constellations (upto 11.55 AM) and Krittika, Uttara and Uttarashadha those born in Leo and Sagittarius are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.55AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better and remain so till 10.30 AM and once again remain steady / marginally better from 12 PM till about 2.15 PM and once again recover from 2.30 PM till close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above Open / ATP level by about 9.30AM , Long    Positions can be taken with suitable   SL, and such positions can be closed by about 10.30 AM. If Nifty Fut trades above  ATP by about 2.30 PM, Long  Positions can be taken with suitable stop loss and such positions can be closed by about close of the day.
Technical Le…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week May 29 - June 2

Be Careful at the Upper End of the Range
NIFTY :: 9595 (+167)
Nifty traded in  a  narrow  range of 9342  to 9605   during last week and closed at the higher end of the range  for the week at 9595  with a Gain  of  167 Points,  a gain   of  about 1.7%.  Market gained about 167 points throughout the week Losing  about 78 points on Tues/Wedday. When it fell below 9475 it became weak.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9403, 9262, 8954 and 8718 respectively and would act as  Supports  and Resistances as Nifty is trading above all the Moving 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 at about  Four months  ago) suggesting that the Long term outlook has become   Bullish and  Nifty continues to trade above both the Longterm Averages and hence can be considered Bullish  for Long term too
Technical Levels...
Breakout level : 9700 Breakdown level : …

IOC Most Profitable PSU

Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable state-owned company. IOC, which has for decades been India's biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017. This was more than the Rs 17,900 crore net profit ONGC posted in the 2016-17 fiscal, making IOC the most profitable PSU, according to earning statements of the companies. Billionaire Mukesh Ambani-led Reliance Industries retained the crown of being India's most profitable company for the third year in a row, posting a net Rs 29,901 crore in financial year 2016-17. Tata Consultancy Services, India's largest software services exporter, with a net profit of Rs 26,357 crore was the second most profitable company in the country. ONGC was long India's most profitable company but lost the crown to private sector Reliance and TCS a couple of years back. It has now been unseated as…

SENSEX JOURNEY

1000, 25 July 1990 – On 25 July 1990, the SENSEX touched the four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, 15 January 1992 – On 15 January 1992, the SENSEX crossed the 2,000 mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and Former Prime Minister of India Dr Manmohan Singh.
3000, 29 February 1992 – On 29 February 1992, the SENSEX surged past the 3,000 mark in the wake of the market-friendly Budget announced by Manmohan Singh.
4000, 30 March 1992 – On 30 March 1992, the SENSEX crossed the 4,000 mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and SENSEX witnessed unabated selling.
5000, 11 October 1999 – On 11 October 1999, the SENSEX crossed the 5,000 mark, as the Bharatiya Janata Party-led coalition won the majority in the 13th Lok Sa…

NARENDRA "MOLI"

STOCK MARKETS REACH PEAK
INVESTOR WEALTH SURGE BY Rs.50 LAKH CRORES IN 3 YEARS
Stocks defied gravity for the second straight session today, propelling the Sensex past the 31,000- mark for the first time ever on the third anniversary of the Modi government. The broader Nifty too breached the 9,600-level, also in a first, before settling at a record high of 9,595.10. Sustained buying, both by domestic and foreign investors, propped up the market at elevated levels amid optimism for more reforms by the government. The BSE benchmark index has risen by 6,311.33 points or 25.53 per cent since the BJP-led NDA government came to power on May 26, 2014. In the process Investor wealth has surged by over Rs. 50 lakh crore since the Modi government was voted to power. The overall stock market has grown from little over Rs.75 lakh crore to more than Rs.125 lakh crore now.
At close of trade today, the market capitalisation (m- cap) of BSE-listed companies stood at Rs 1,25,63,952 crore. Stocks of about …

Is MODI AN EFFECTIVE COMMUNICATOR?

Prime Minister Narendra Modi is one the most effective communicators and has given new direction to India's economy. - President Pranab Mukherjee
Addressing a book release event on the third anniversary of NDA government, President said "No doubt in the contemporary period, Prime Minister Narendra Modi is one of the most effective communicators and perhaps can be compared with other illustrious prime ministers like Pandit Jawaharlal Nehru and Indira Gandhi who communicated on their principle, on their ideas accepting the Parliamentary form of government and particularly to have a secular Constitution".
He said without having the capacity to be a good communicator one cannot expect to lead the millions of people.
Under Modi there has been many major developmental initiatives in India in different directions, he said. Indian economy is moving steadfast. The prime minister has given a new direction, no doubt. Various initiatives which he has taken clearly indicates the onward…

ICICI BANK CHIEF SALARY Rs.7.85 CRORES

Chanda Kochhar, the head of country's largest private sector lender ICICI Bank, has drawn Rs 7.85 crore as total remuneration in 2016-17, a jump of over nearly 64 per cent from a year ago. ICICI Bank MD & CEO Chanda Kochhar's basic salary increased over 15 per cent to Rs 2.67 crore during the fiscal ended March 2017, as per bank's annual report. Calculated on daily basis, her cost to the company was Rs 2.18 lakh. During the year, she took home performance bonus of Rs 2.2 crore. However, the bank had not not given performance incentive in 2015-16 due to weak financial status. Her total cost to the company was over Rs 4.79 crore in 2015-16 and basic salary was Rs 2.32 crore. The total remuneration included perquisites as well as retiral benefits. Furnished accommodation, gas, electricity, water and furnishing, club fees, group insurance, use of car and telephone at resident, reimbursement and leave travel concession, provident funds are among the major heads of perquisit…

INDIA MOST ATTRACTIVE DESTINATION FOR FDI

India retained its numero uno position as (rpt) as the world's top most greenfield FDI investment destination for the second consecutive year, attracting USD 62.3 billion in 2016, says a report. India has remained ahead of China and the US as far as FDI inflows were concerned in the last year, said the fDi Report 2017 compiled by fDi Intelligence, a division of The Financial Times Ltd. FDI by capital investment saw an increase of 2 per cent to USD 62.3 billion in 809 projects during 2016 in India. "India managed to keep the crown as the world's number one location for greenfield capital investment for the second year running – ahead of China and the US," the report said. The global investment landscape, the report said, has changed considerably in 2016 as FDI gravitated to locations experiencing the strongest economic growth, while locations in recession or facing high levels of uncertainty saw major declines. In 2016, greenfield FDI continued to rise worldwide, with…

SENSEX @ ANOTHER RECORD

Key barometer Sensex today trumped all closing records by hitting 30,750 with a jump of 448 points -- its biggest single-day gain in over two months -- after the US Fed signalled that it will wait for more data for a rate hike. The 50-share Nifty again got control of the key 9,500- level. The minutes from the US central bank's May 2-3 policy meeting, according to traders, was in large part responsible for the sudden spike in enthusiasm. This prompted investors to cover their short bets as Thursday was also the last day for May futures and options contracts. A spell of intense buying interest in late afternoon trade propelled the markets higher as participants carried forward their positions to the June series of derivatives. Positive earnings by some companies perked up sentiment.
The rally in domestic equities was largely in line with the upmove at other Asian markets, mirroring overnight gains on the Wall Street, as minutes from the Federal Reserve's latest policy meeting fav…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 26, May 2017 Volatile  Movements  likely
Tithi : Jyeshta Sukla Padyami
Nakshatra:Rohini
Persons born in Punarvasu, Visakha and Poorvabhadra constellations  and those born in Gemini and Libra are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.35AM; 11.27AM; 2.55PM;
Likely Intraday Trend for 26.05.2017 :: On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued and recover from 9.45AM and remain so upto 12.00 PM and remain Subdued from12.15 PM till about 2 PM and could generally remain steady thereafter.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above Open / ATP level by about 9.45AM , Long Positions can be taken with suitable SL, and such positions can be closed by about 12.00 PM. If Nifty Fut trades below ATP by about 12.15 PM, Short Positions can be taken with suitable stop loss and such positions can be closed by about 2.00 PM. Technical Levels... Resistance : 9550, 9585 Support : 9470, 9435 --------…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 24, May 2017
Scripwise Movements most likely
Tithi ::Vaisakha Bahula Amavasya
Nakshatra:Krittika
Persons born in Aardra , Swathi and Sathabhisham constellations and those born in Taurus and Virgo are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.30AM; 1.40PM; 3.25PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and recover from 9.45AM and remain so upto 2.00 PM and remain Subdued from 2.15 PM till close of the day. Being last day of Derivatives, Scrip wise movements will be most likely.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above Open / ATP level by about 9.45AM , Long Positions can be taken with suitable SL, and such positions can be closed by about 2.00 PM. If Nifty Fut trades below ATP by about 2.15 PM, Short Positions can be taken with suitable stop loss and such positions can be closed by about 3.15 PM / by  end of the day.
Technical Levels... Resistance : 940…

ASTRO TECHNICAL GUIDE FOR NIFTY

for 24, May 2017
Second Half Subdued
Tithi ::Vaisakha Bahula Chaturdasi
Nakshatra : Bharani
Persons born in Mrigasira, Pubba and Poorvashadha constellations and those born in Taurus and Virgo are advised to be alert in their dealings.

Sensitive / Trend change Timings : 11.20AM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and recover from 10.30 AM and remain so upto 12.30 PM and remain Subdued from 12.45 PM till close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above ATP level by about 10.30PM , Long Positions can be taken with suitable SL, and such positions can be closed by about 12.30 PM. If Nifty Fut trades below ATP by about 12.45 PM, Short Positions can be taken with suitable stop loss and such positions can be closed by about 3.00 clock/ by end of the day.
Technical Levels... Resistance : 9425, 9460 Support : 9345, 9310 ------------------------------------- 
IF resistance levels are ac…