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.
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
------------------------------------------------------------------------------------
Performance
of various sectoral indices over the last One year
-------------------------------------------------------------------------------------
Nifty
10211 8638 18.21%
Bank
Nifty 24314 19556 24.32%
IT
Index 10910 10087 8.15%
Auto
11168 10056 11.06%
Infra 3413 2870 18.92%
Pharma
9623 11572 Minus 16.84%
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