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Showing posts from December, 2017

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Caution at Higher Levels
Nifty Outlook for the Week 01.01.2018 to 05.01.2018
NIFTY :: 10531 (+38)
Nifty traded in a narrow range of 10460 to 10552 during last week and closed nearer to the High of the range or the week at 10531 with a Gain of 38 Points (about 0.36%), with a Positive outlook. The short term trend is quite Bulliish. It is Bullish for Both Medium Term and Long term. However, Short term would become Bearish if Nifty comes Down and closes below 10350.
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10328, 10318, 10135 and 9810 respectively and would act as Supports and Resistances.
Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than about Ten months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and hence can be considered as Bullish.
Technical Levels...
Bullish above 10600 with Resistance at 10675, 10750
Bearish below…

MARKETS SIGN OFF THE YEAR WITH 28% GAIN

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2017 has been an upbeat year for the markets. The Sensex and Nifty surpassed the 34,000 and 10,500 levels for the first time. The Sensex clocked its best performance in recent years, rising by 7,430.37 (27.91%) in 2017. It had gained 508.92 points (1.94%) last year. The Nifty too rallied 2,344.90 points (28.65%) in 2017. The 30-share key index touched its lifetime high of 34,137.97 on December 27. With this rally Investors became richer by Rs 45.50 lakh crore this year helped by a strong rally in the stock market. Led by the strong show in the stock market, the market capitalisation of BSE-listed companies soared by Rs 45,50,867 crore to Rs 1,51,73,867 crore (USD 2.3 trillion) this year. Equities rallied on the last trading session of 2017, bringing to close a remarkable year that saw the benchmarks surging past milestones.

"Market surprised the investors with a positive note on the final trading day of 2017. Expectation of a pick up in third quarter earnings and strengthening of…

OBAMA... the MOST ADMIRED AMERICAN

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For the 10th year in a row, Americans have named former US president Barack Obama and Hillary Clinton as the man and woman they admire most, according to a recent Gallup poll published today. Obama edges out President Donald Trump, 17 per cent to 14 per cent, while former secretary of state Clinton moved past Michelle Obama, 9 per cent to 7 per cent and First lady Melania Trump scored one per cent, the poll said. Obama wins over Trump, who is suffering brutally low approval ratings as he is about to complete his first year in the White House, came in second place followed by Pope Francis. Trump's approval rating sank to a new low in CNN polling in December, earning the approval of just 35 per cent of Americans less than a year into his first term. The former president has made it to the top of the list for the past 10 years, while the former presidential candidate has won 16 years in a row. Gallup said sitting presidents usually win the most admired spot, and that Obama was the fi…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

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for December 29, 2017

Mid Session Better
Tithi :: Pushya Sukla Dasami
Nakshatra :: Aswini
Persons born in Rohini, Hastha and Sravana and those born in Aries and Leo are advised to be alert in their dealings.
Sensitive / Trend change Timings : 1.11PM
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 12.15PM and remain Better  thereafter   till about 2.00 PM and could remain Subdued till about close of the day.
Astro Technical Trading Strategy...
If Nifty fut trades above ATP by about 12.15 PM Long Positions can be taken with suitable SL and can be closed by about  1.45 PM. If Nifty Fut trades below ATP by about 2.00 PM, Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance : 10530,10565 Support : 10450,10415

---------------------------------------------- IF resistance levels are achieved in the forenoon session…

INDIAN ECONOMY TO BE 5th LARGEST in2018

India's economy is expected to overtake that of Britain and France to become the world's fifth largest in dollar terms in 2018 and third largest in 2032, the World Economic League Table (WELT) said today. It would be the first time when the Indian economy will overtake the UK and France in real money dollar terms, the ninth-edition of the report released by London-based Centre for Economics and Business Research showed. The world economic league table has forecast for 192 countries up to the year 2032. The report said the Indian economy has been larger than that of the majority of Western economies for most of history. It was only in 1906 that the UK economy overtook the Indian economy, while the French economy was smaller than the Indian economy until 1951. India will become the world's third largest economy by 2032, said the report, which gave the annual growth, inflation and exchange rate forecast for each of the 192 economies over the next 15 years. The countries cover…

ASTRO TECHNICAL GUIDE FOR NIFTY

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for December 28, 2017
Mid Session Better Tithi : Pushya Sukla Dasami
Nakshatra : Aswini
Persons born in Rohini, Hastha and Sravana and those born in Aries and Leo are advised to be alert in their dealings. Combination of Day and Tithi are favourable,
Sensitive / Trend change Timings : 1.11PM;
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 12.15PM and remain Better thereafter till about 2.00 PM and could remain Subdued till about close of the day.
Astro Technical Trading Strategy...
If Nifty fut trades above ATP by about 12.15 PM Long Positions can be taken with suitable SL and can be closed by about 1.45 PM. If Nifty Fut trades below ATP by about 2.00 PM, Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance : 10530,10565 Support :10450,10415 --------------------------------------------- IF resistance le…

ASTRO TECHNICAL GUIDE FOR NIFTY

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for December 27, 2017
Generally Better
Tithi :: Pushya Sukla Navami
Nakshatra : Revathi
Persons born in  Kittika,Uttaa and Uttaashadha and those  born in Aries and Leo are advised to be alert in their dealings.  Sensitive / Trend change Timings : 1.46PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Bette and remain So till about 12.15PM and remain Subdued thereafter till about 1.50 PM and remain Better till about close of the day.
Astro Technical Trading Strategy...
If Nifty fut trades above ATP by about 9.30 AM Long Positions can be taken with suitable SL and can be closed by about 12.15 PM. If Nifty Fut trades above ATP by about 2.00 PM, Long Positions can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance :10570,10605 Support :10490,10455 ----------------------------------------------  IF resistance levels are achieved in the forenoon session, buying may be av…

CRUDE PLAYS SPOILSPORT

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RATE CUT UNLIKELY IN NEAR FUTURE
Firming crude oil prices in the global market is likely to cast its shadow on retail inflation, which has began to move northwards after hitting a low of 1.46 per cent in June, and may prompt the RBI to hold interest rates at least for some time in 2018. Experts are unanimous that crude oil will be a spoilsport next year. Besides global oil prices, the impact of implementation of 7th Pay Commission, including the hike in house rent allowance, is likely put pressure on prices. Retail inflation may average around 4-4.5 per cent next year, higher than an expected sub-4 per cent level this year, feel industry experts and economists. Retail inflation, which has a direct implication on common man and forms basis for the Reserve Bank (RBI) while reviewing policy decision, ranged between 1.46-4.88 per cent in 2017. Whereas the consumer price index (CPI) based retail inflation was at the year's lowest level of 1.46 per cent in June, it hit a eight-month high…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

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Scripwise Movements with a bit Bearish Bias
Outlook for the Week 26.12.2017 to 29.12.2017

NIFTY :: 10493 (+160)
Nifty traded in a range of 10075 to 10501 during last week and closed nearer to the High of the range for the week at 10493 with a Gain of 160 Points, a Gain of about 1.55%. Market had closed with a Positive outlookOn Monday morning, market lost heavily when Gujarat Election results were a bit negative.
During the Next  Week, Moon would be   transiting   from Uttarabhadra to Revathi constellation during Tuesday to Wednesday and would  form  a range, which if it breaks on the Upper Side it would become Bullish and if it Breaches on the Downside, it would become Bearish.
- The short term trend is quite Bulliish. It is Bullish for Both Medium Term and Long term. However, Short term would become Bearish if Nifty comes Down and closes below 10300.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10302, 10292, 10177 and 9779 respectively and would act as Supports and Resistance…

ASTRO TECHNICAL GUIDE FOR NIFTY

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for December 22, 2017
Volatile Movements
Tithi :: Pushya Sukla Chavithi
Nakshatra :: Sravana
Persons born in Punarvasu, Visakha and PBhadra and those  born in Aquarius and Gemini are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.23 AM ;12.27PM; 2.46 PM
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 12.30PM and remain Subdued thereafter till about 1.30 PM and Better till about 2.45 PM and could remain Subdued till close of the day.
Astro Technical Trading Strategy...
If Nifty fut trades above ATP by about 9.30 AM Long Positions can be taken with suitable SL and can be closed by about  12.30 pm. If Nifty Fut trades below ATP by about 2.45 PM,Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance : 10480,10515 Support :10400,10365 --------------------------------------------------…

153 IPOs, Rs.75,400 Crores

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EY Report on Indian Market
As many as 153 initial public offers hit the Indian stock market this year, raising USD 11.6 billion, according to an EY report that says activity "looks good" for 2018 as well. According to the report released today, the fourth quarter (October-December) of this year saw 22 IPOs hitting the market, an increase of 47 per cent quarter-on-quarter (Q- O-Q) in terms of number of deals. "India's BSE, NSE and junior markets recorded a 74 per cent increase in deal numbers in 2017 compared with 2016, with 153 IPOs raising USD 11.6 billion," the report said. In Europe, the Middle East, India and Africa region (EMEIA), BSE and SME exchanges recorded the highest proceeds worth USD 5.5 billion through 17 IPOs, the EY Global IPO Trends: 2017 (Q4) report added. The largest IPO by proceeds was General Insurance Corp of India worth USD 1.7 billion in the region.
"The stability of the political landscape in India with continued focus on reform age…

ASTRO TECHNICAL GUIDE FOR NIFTY

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for December 20, 2017

Opening Better
Pushya Sukla Vidiya:
Nakshatra ::Purvashadha/ Uttarashadha
Persons born in Mrigasira, Chitta and Dhanishta (in the forenoon) Aardra, Swathi and Sathabhisham and those born in Capricorn and Taurus are advised to be alert in their dealings.
Sensitive / Trend change : 1.13 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 11.35AM and remain Subdued thereafter till about 1.10 PM and Better till about 1.25 PM and could remain Steady thereafter till about 3.05 and could remain Subdued till close of the day.
Astro Technical Trading Strategy...
If Nifty fut trades above ATP by about 9.30 AM Long Positions can b e taken with suitable SL and can be closed by about 11.30 am. If Nifty Fut trades below ATP by about 3.00 PM,Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.
Technical Levels... Resistance : 10505,10540…

BJP RETAINS POWER IN GUJARAT

The BJP fought off a strong challenge from Rahul Gandhi-led Congress to win the Gujarat assembly polls for the sixth straight time today, and also wrested power from the Congress in Himachal Pradesh with a close to two-thirds majority. The twin victories tightened BJP's grip over the country's politics that saw Congress lose one more state with general elections only 18 months away. Still, the euphoria in the BJP camp was tempered by the lower-than-expected margin of victory in Gujarat -- it took 99 seats in the 182-member assembly, down from 115 it won in 2012, and far lower than the 150-plus seats it had hoped for. The Congress won 77, up by 16 seats at the end of counting of votes in the Gujarat polls tonight that was marked by acrimonious exchanges and rhetoric during the high octane campaign. Prime Minister Narendra Modi hailed the party's victory in Gujarat--where it has been continuously in power since 1998 --as "unprecedented", noting that retaining offic…

ASTRO TECHNICAL GUIDE FOR NIFTY

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for December 19, 2017
Generally Better
Tithi :: Pushya Sukla Padyami
Nakshatra ::Moola/ Purvashadha
Persons born in Mrigasira, Chitta and Dhanishta and those  born in Capricorn, Taurus are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.07 AM ;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady / Subdue and to remain Better from 10.10AM till about 11.45AM and remain Subdued thereafter till about 1.20 PM and to remain Better thereafter till about 2.55 PM and to remain Subdued till close of the day.
Astro Technical Trading Strategy...
If Nifty fut trades above ATP by about 10.15 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 11.45 AM. If Nifty Fut trades above ATP by about 1.30 , Long Positions can be taken with suitable SL and such positions can be closed by about 2.50 PM.
Technical Levels... Resistance : 10430, 10465 Support : 10350,10315 ----------…