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NIFTY FORECAST for SAMVAT-2074 (Deewali to Deewali)

VOLATILE AND SCRIP SPECIFIC MOVEMENTS

Samvat  2073 has ended the year at a  level of 10211  (up from 8638 last year) recording  a rise  of just about  18%.Metal, FMCG,Infra,Bank, Auto stocks have done well during the year and only Pharma stocks had given a negative return. From Jamuary 2018 onwards market will take a turn.

Samvat Year 2074 rises in Cancer Lagna with luminaries (Sun and Moon) and Mercury and Jupiter placed in 4th and Mars and Venus in 3 rd in Virgo and Saturn placed in 5th in Scorpio and Rahu and Ketu placed in Cancer and Capricorn. All planets transiting in between Rahu and Ketu. On the basis of Planetary position at the time of Diwali (New year) and the transiting planets during the year the following indications are available astrologically.
Resistance Levels...

10340. 10570, 10700,11150,11500, 11900

Support Levels...

9870,9710,9560,9215,8880

While global cues, FII inflows and Government policies including Monetary policy of the central bank, Business environment, Currency fluctuation are expected to play pivotal role in shaping the economy and in turn stock market, Forthcoming year will be mainly influenced by Governmental Reform Push , which can be expected to be generally favourable.

Fundamentally too, Nifty EPS has remained steady at around 390 only while PE had gone up from 23.34 to 25.94 during the year. During the year Nifty had made a new high and Bank NPAs had gone up substantially and economy needs to be reshaped. If next year’s rate of growth improves, PE multiple would go up Based on the expected growth, Nifty can be expected to be between 1009900 and 11700 based on conservative and optimistic estimates by next Diwali. In view of the proactive Government and the reform push, buying is recommended on every reasonable decline.

The following period can be expected to be with Volatile movements...

- 3rd December to 23 rd December, 2017

- 23 rd March 2018 to 15 April 2018

- 26 th July 2018 to 19 th August 2018

Important dates / period to watch in this Year based on time cycles...

27.10.17; 13.12.17; 24.12.17; 13.2.18; 15.4.18; 9.6.18; 1.7.18; 3.09.18; 21.9.18; 24.10.18; 17.02.18; 01.04.18; 6.6.18; 09.8.18 ;21.9.18; 09.1.18; 26.10.18; 27.6.18; 24.8.18; 09.3.18;10.7.18; 18.4.18;6.9.18;6.10.18; 30.10.18

Sensitive dates based on important aspects between slow moving planets...

November :; 8,11,15
December :: 5,14,24
January ::4,18,20,29
February ::6,7,26
March ::9,16,23
April ::1,22,29
May ::19
June ::15,6
July :: 1,12,10
August ::26,9
September :: 3,21,6
October :: 6,24,26,30
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Performance of various sectoral indices over the last One year
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Index                     Samvat 2073                  Samvat 2072          % Raise
Nifty                        10211                              8638                       18.21%
Bank Nifty              24314                            19556                       24.32%
IT Index                  10910                             10087                         8.15%
Auto                        11168                             10056                        11.06%
FMCG                     25684                             21548                      19.16%
Infra                            3413                               2870                        18.92%
Metal                          3854                               2678                        43.91%
Pharma                      9623                             11572            Minus 16.84%
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