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Showing posts from August, 2017

SIKKA QUITS INFOSYS

Vishal Sikka, the first non- founder CEO of Infosys Ltd, has abruptly resigned due to the "continuous assault" and "campaign" by founder and ex-chairman NR Narayana Murthy, the USD 10 billion firm said today. Sikka, 50, a former German IT major SAP executive under whose three year tenure Infosys' revenue rose by about 25 per cent, did not himself name Murthy directly as the reason for his exit but said he faced "false, baseless, malicious and increasingly personal attacks". Murthy said he was anguished by the allegations, tone and tenor of statements made by the Infosys board and it is "below my dignity to respond to baseless insinuations". He said he will reply to the board's allegations in the right manner, right forum and at an appropriate time. The resignation follows a year-long acrimony between the board the high-profile founders led by Murthy, who raised issues of "poor corporate governance" and executive pay as well as …

ASTRO TECHNICAL GUIDE FOR NIFTY

for August 18, 2017
Opening Session Strong / Closing Session Weak
Tithi ::Sraavana Bahula Ekadasi / Dwadasi
Nakshatra :: 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 for the day:: 9.59 AM;
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 9.35 AM and to remain Better till about 11.35 AM and  to remain Steady from about 11.45 AM till about 1.50PM and to remain Subdued from about 2.00 PM towards Close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above the Open / ATP level by about  9.45 AM ,Long Positions can be taken with suitable SL, and such positions can be closed by about 11.30A M.  If Nifty fut trades below the ATP by about 2.00PM, Short Positions can be taken with suitable SL and to be closed by about end of the day.
Technical Levels... Resi…

ASTRO TECHNICAL GUIDE FOR NIFTY

for August 17, 2017

Opening Session Strong / Second Half Weak
Tithi ::Sraavana Bahula Dasami
Nakshatra :: Mrigasira
Persons born in Pushyami, Anuradha and Uttaraabhaadra and those  born in Gemini and Libra are advised to be alert in their dealings.

Sensitive / Trend change Timings : 11.54 AM; 12.00PM; 12.43 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open  Better and remain so till about 11.45 AM and to remain Subdued from about 12.00 PM till about 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 11.45A M.  If Nifty fut trades below the ATP by about 12.00PM, Short Positions can be taken with suitable SL and to be closed by about  end of the day.
Technical Levels... Resistance : 9940, 9975 Support : 9855, 9820

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IF resistance…

MARKET REBOUNDS FURTHER

A softening of military posturing between the US and North Korea today came as music to the ears of investors, with the Sensex rallying 322 points, as domestic players pressed on with more buying. Today's rally is the single-biggest gain in more than a month. This is also the second straight day when both markets closed in the green, supported by an across the board rally. Risk appetite made a comeback and stayed on for the better part of the day, thanks to positive leads from Europe, before the release of the latest Federal Reserve minutes and British unemployment data. Consumer goods companies were on a roll on value-buying, recouping their recent losses sparked by worries over the impact of the Goods and Services Tax (GST). But there was a dose of caution as both retail and wholesale inflation rose sharply in July. The 30-share Sensex zoomed 321.86 points, or 1.02 per cent, to close at 31,770.89, its highest closing since August 9, when it had closed at 31,797.84. Intra-day, th…

STOCK MARKET REBOUNDS FROM LOWS...

SENSEX UP by 235 POINTS
Stocks today rose for the first time in six days, with the benchmark Sensex rebounding over 235 points to end at 31,449 as investors took comfort from tentative signs of tensions easing between the US and North Korea. Chinese president, for his part, urged both countries to restrain from activities that would raise geo-political temperature. Weak US inflation numbers tamped down fears that the US Fed would rush into policy tightening any time in the near future, traders said. The 30-share Sensex after opening higher settled up 235.44 points, or 0.75 per cent, at 31,449.03. The gauge had lost 1,111.82 points in the last five days. The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at the close. Stock exchanges will remain closed tomorrow for Independence Day. "Slight ease in tensions between North Korea and the US excited the market. Mid and small cap outperformed the market as participants used the bargaining opportunity. Weak US inflati…

SMALL TOWNS PUSH MF ASSETS TO Rs 20 TRILLION

Led by an over 41 per cent surge in inflows from small towns or the B15 cities, assets under management (AUM) of the mutual fund industry rose 30.35 per cent to Rs 19.97 trillion in July, says a report. "Smaller towns or B15 (beyond top 15 cities) cities accounted for 17.7 per cent of total AUM as of July, thanks to a 41.3 per cent surge to reach past Rs 3.60 trillion in July from Rs 2.55 trillion a year ago helping the industry AUM to grow over 30 per cent to Rs 19.97 trillion," Icra said quoting Amfi data today. According to the report, there is a better balance of equity and non-equity assets at 5:4 in B15 locations compared with 1:2 in the T15 (top 15) cities. Also, the share of direct plans in B15 centres is 22.7 per cent against 45.2 per cent in the T15 cities. The industry AUM had touched Rs 10 trillion in May 2014 and in a short span of three years, it has nearly doubled, the report said. Investors pumped Rs 63,504 crore into mutual funds in July with income, equity …

BEAR GRIP ON INDIAN STOCK MARKET

RECORDS 1 WEEKLY FALL IN 6 WEEKS
Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day today as both Sensex and Nifty fell over 1 per cent to hit their one-month lows. The sharp plunge left investors poorer by over Rs 95,000 crore as the market cap stood at Rs 1,27,08,846 crore. Risk appetite took a hit after the Economic Survey said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult. This is markets' first weekly fall in six.
Weakness in the rupee against the American currency and lacklustre global shares dragged down the indices, too. The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4. The index had tumbled 794.08 points in the last four sessions. The NSE Nifty after cracking the 9,700-mark to hit a low of 9,685.55, finally settled lower 109.45 points, or 1.11 per cent…

ASTRO TECHNICAL GUIDE FOR NIFTY

for August 10, 2017

Second Half Subdued
Tithi ::Sraavana Bahula Chavithi
Nakshatra :: Uttarabhadra
Persons born in Bharani, Pubba and Poorvashadha and those born in Aries and Leo are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.52 AM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Subdued  and recover from 9.45 AM to 11.45 AM and remain Subdued thereafter till Close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above the Open / ATP level by about 10.00 AM ,Long Positions can be taken with suitable SL, and such positions can be closed by about 11.45A M. If Nifty fut trades below the ATP by about 12.00PM, Short Positions can be taken with suitable SL and to be closed by about end of the day. Technical Levels... Resistance : 9860, 9895 Support : 9780, 9745
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IF resistance levels are achieved in the forenoon session, buying…

ASTRO TECHNICAL GUIDE FOR NIFTY

for August 9, 2017

Closing Session Better
Tithi ::Sraavana Bahula Thadiya
Nakshatra :: Poorvabhadra
Persons born in Aswini , Makha and Moola and those born in Pisces and Cancer are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.52 AM; 1.35 PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better / Steady and remain so upto about 9.30 AM and remain Steady till avout 11.30AM and remain Subdued upto 1.55PM and remain Better from about 2.00 PM about till about close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below the Open / ATP level by about 11.30AM ,Short Positions can be taken with suitable SL, and such positions can be closed by about 1.45PM. If Nifty fut trades above the ATP by about 2.00PM, Long Positions can be taken with suitable SL and to be closed by about end of the day. Technical Levels... Resistance : 9945, 9980 Support : 9865, 9830 --------------------------…

ASTRO TECHNICAL GUIDE FOR NIFTY

for August 8, 2017
Second Half Subdued
Tithi ::Sraavana Bahula Vidiya
Nakshatra :: Sathabhisham
Persons born in Aslesha , Jyeshta and Revathi and those born in Pisces and Cancer are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.06AM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued and remain so upto about 10.00 AM and recover from 10.00AM to 12.10PM and remain Subdued thereafter till about close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above the Open / ATP level by about 10.05AM , 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 12.30PM, Short positions can be taken with suitable SL and to be closed by about 3.15 PM / end of the day.
Technical Levels... Resistance :10020, 10055 Support : 9940, 9905
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IF resistance levels are achieve…

ASTRO TECHNICAL GUIDE FOR NIFTY

for August 8, 2017
Generally Subdued
Tithi ::Sraavana Bahula Paadyami
Nakshatra :: Dhanishta
Persons born in Pushyami , Anuradha and Uttaraahadra and those born in Aquarius and Gemini are advised to be alert in their dealings.
Sensitive / Trend change Timings : 9.53AM; 2.40PM:
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better and remain so upto about 10.00 AM and remain Subdued thereafter till about 2.30PM and remain Better from about 2.45 PM till  about close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below the ATP level by about 10.00AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 2.30PM.  If Nifty fut trades above the ATP by about 2.45PM, Long positions can be taken with suitable SL and to be closed by about end of the day. Technical Levels... Resistance : 10095, 10130        Support :10015, 9980 ----------------------------------- IF resistance leve…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for Next Week 07.08.2017 to 11.08.2017
Correction Due ....Midweek due for correction
NIFTY :: 10066 (+51)
Nifty traded in  a   range of 9988  to 10138   during last week and closed nearer to  the middle  of the range  for the week at 10066 with a Gain  of  51 Points,  a gain   of  about 0.5%.  Market had closed with a  positive outlook. Market has closed in the green for 5 weeks and is due for a correction.
- The short term trend is Bullish and It is Bullish both  for Medium and Long term, Short term could become Bearish  if Nifty comes and closes below   9950.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9946, 9746, 9497 and 8971 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 suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving Averages and hence can be …

ASTRO TECHNICAL GUIDE FOR NIFTY

for August 4, 2017
Mid Session Subdued
Tithi ::Sraavana Sukla  Dwadasi
Nakshatra :: Moola .
Persons born in Rohini, Hastha and Sravana and those born in Capricorn and Taurus are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day:: 2.19 PM; 2.52PM:
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better and remain Better upto about 10.30 AM and remain Steady till about 12.30PM and become Subdued from 12.40PM to 2.45 PM and could remain better from 2.50 till about close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades above the Open / ATP level by about 9.30AM , Long Positions can be taken with suitable SL, and such positions can be closed by about 10.30AM. If Nifty fut trades below the ATP by about 12.30PM, Short positions can be taken with suitable SL and to be closed by about 2.30 PM.,
Technical Levels... Resistance : 10050, 10085 Support : 9975, 9940 ------------------------…