NIFTY OUTLOOK FOR 21 & REVIEW

ZIGZAG VOLATILE MOVEMENTS

Astro Info :: Moon transits in  Sravana in Capircorn .

Tithi : Sukla Padyami ; Weekday:: Wednesday;

Individuals born in Aquarius and Gemini signs and in Punarvasu, Visakha and Poorvabhadra constellations    may remain cautious in their transactions.

Senstive time:: 11.35am; 1.55pm to 2.50pm.

Nifty opened with bullish bias and went up steady to breach previous life time high in style and closed with a gain of 145 points and continued its upside momentum for the Fourth day in a row.  Stop loss for Nifty long positions may be trailed to 8525 (on close basis). Nifty spot is expected to encounter resistance at 8735, 8770 and find support at 8655, 8620 for Wednesday.   While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to trade in a zigzag manner with alternate bouts of bullishness and bearishness.

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Trading strategy :: 

Based on planetary position and the aspects among planets, market can be expected to trade in zigzag fashion with alternate bouts of bullishness and bearishness. Long positions if trading above Open with low as SL, in general, and short positions if trading below Open and ATP with suitable stop loss.  Market in general is bullish, hence trade with restraint in case of short positions.

Breakout / Break Down Levels::

Breakoutlevel  is 8741 and Breakdown level 8541 for Nifty spot for Wednesday .,  It is unlikely that both levels would be breached., If Breakout level is breached., It is a Buy on Decline with Low as Stop loss and if Breakdown level is breached, It is a sell on rise with high as stop loss. Alternatively, if Nifty is unable to cross the Breakout level, short positions, can be considered with Breakout as stop loss and unable to breach the breakdown level, long positions can be considered with Breakdown level as stop loss.

Disclaimer ::  Above analysis  is based on planetary movements and is intended for guidance / educative purpose and traders are advised to be highly cautious with proper risk management mechanism as Trading is highly risky and not trade only based on the analysis given above. 

INDICES @ ALL TIME PEAK

Markets continued their upward march for the fourth straight session today with the BSE Sensex galloping over 522 points to close at a new peak of 28,784.67 and the NSE Nifty breaching the 8,700-mark for the first time, driven by a strong rally in metal and banking sector stocks. The BSE 30-share Sensex resumed on a positive note and touched a new all-time intra-day high of 28,829.29, surpassing its previous high of 28,822.37, recorded on November 28. It shed some gains on profit-booking and settled at a new closing peak of 28,784.67, up 522.66 points, or 1.85 per cent. The Sensex surpassed its previous record of 28,693.99, touched on November 28. In four days, the index has now gained almost 1,438 points. 

Similarly, the broader 50-issue NSE Nifty breached the 8,700-mark to hit a new intra-day peak at 8,707.90, bettering its record of 8,626.95 hit on December 4. However, due to profit-taking at record levels, it shed some grounds to close at 8,695.60, still a new high, up by 144.90 points or 1.69 per cent. It broke the previous record of 8,588.25 reached on November 28. Brokers said investor sentiments remained upbeat since the RBI's surprise rate cut last week coupled with encouraging Q3 numbers of some bluechip companies. Further, a firming trend at other Asian markets after better-than-expected Chinese economic data and a higher opening in European markets in anticipation of the ECB launching fresh stimulus also boosted sentiments in global markets. Foreign investors have been supporting the ongoing rally by pumping sizeable funds into domestic markets. Foreign portfolio investors (FPIs) bought shares worth a net Rs 433.72 crore yesterday, as per provisional data from the stock exchanges. Among the sectoral index, metal rose the most by surging 3.03 per cent, followed by bank index 1.84 per cent, FMCG 1.69 per cent, Oil & Gas 1.33 per cent, Realty 1.20 per cent, Auto 0.70 per cent, Capital Goods 0.45 per cent, Healthcare 0.43 per cent and IT 0.41 per cent. Of the 30 Sensex stocks, 22 ended with gains led by HDFC Ltd (up 5.84 per cent), Sesa Sterlite (up 5.36 per cent), Tata Steel (4.50 per cent), Axis Bank (up 4.33 per cent), Tata Motors (up 3.78 per cent), ITC Ltd (3.57 per cent), Hindalco (3 per cent), RIL (2.42 per cent), HDFC Bank (1.76 per cent), ICICI Bank (1.70 per cent) and SBI (1.58 per cent). Midcap index rose 0.44 per cent and smallcap index gained 0.41 per cent. 
 

INVESTOR WEALTH SOARS BY 89000 CRORES

Investor wealth today soared by over Rs 89,000 crore. Led by the rally in the stock market, investor wealth soared by Rs 89,376 crore to Rs 1,02,29,729 crore.

 

NIFTY OUTLOOK FOR 20 & REVIEW

FORENOON GENERALLY BETTER

Nifty                               8551   +37

Astro Info :: Moon transits in  Uttarashadha in Capircorn

Tithi : Amavasya ; Weekday:: Tuesday;

Senstive time:: 1.10 to 2pm ; and  2.20pm.,

Nifty opened better with a gap and sustained the gap trading in a narrow range  and closed with a gain of 37 point. Stop loss for Nifty long positions may be trailed to 8450 (on close basis). Nifty spot is expected to encounter resistance at 8590, 8625 and find support at 8510, 8475 for Tuesday.   While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to trade in a zigzag manner with generally better forenoon and possible profit booking in the closing hour.

Trading strategy :: 

Based on planetary position and the aspects among planets, market can be expected to be better in general in the forenoon and could encounter selling pressure in the closing hour.   Long positions in the forenoon with low as SL and Short positions after 2 with high as SL.

Breakout / Break Down Levels::

Breakoutlevel  is 8581 and Breakdown level 8521 for Nifty spot for Tuesday .,  It is unlikely that both levels would be breached., If Breakout level is breached., It is a Buy on Decline with Low as Stop loss and if Breakdown level is breached, It is a sell on rise with high as stop loss. Alternatively, if Nifty is unable to cross the Breakout level, short positions, can be considered with Breakout as stop loss and unable to breach the breakdown level, long positions can be considered with Breakdown level as stop loss.

Individuals born in Aquarius and Gemini signs and in Aardra, Swathi and Sathabhisham constellations    may remain cautious in their transactions.

SENSEX TO CROSS 33,500 BY DECEMBER

Macro economic environment in India is expected to improve further and drive the BSE index, Sensex, to 33,500 by December-end, says a Nomura report.
The Japanese brokerage firm said its bullish stance on the Indian market for this year is based on the view that improvement in India's macro environment over the past year has been "durable" and will improve further.
"Our December-end 2015 Sensex target of 33,500 offers around 20 per cent potential upside from current levels," Nomura said in a research note.
"We expect market confidence in the sustainability of currently low inflation numbers to strengthen further through the year and believe interest rates are poised to fall further," Nomura said, adding that "growth momentum is already showing signs of improvement, which should be reflected in actual data through the year".
In 2014, the benchmark Sensex rose by 6,328.74 points or 30 per cent and recorded a record high of 28,822.37 on November 28. This is the highest annual gain since 2009 when it had rallied by 7,817 points.
According to Nomura, sector-wise, financials, auto, industrials and technology are looking bullish, while consumer staples, pharmaceuticals, metals and telecoms look bearish.
"At the end of 2015, we expect market confidence in the India Inc growth story to be much stronger than it is today," Nomura said, adding that "the macro background in India remains conducive for an expansion in overall multiples as we expect both growth and inflation expectations to improve".
It said the market's view on growth would strengthen during 2015, and interest rates are expected to improve on the back decreasing inflationary pressures.
Moreover, low oil prices are a key factor that could well erase a large chunk of India's current account deficit this year, drag down interest rates further and put the rupee on firmer ground, the report said.
Market's view on corporate profitability should also get better on the back of a cyclical recovery. In 2014 as a record market rally boosted the valuation of all listed firms to Rs 98.36 lakh crore at the end of year. This was the fourth consecutive year of rise in investor wealth. The year also saw investor wealth hitting Rs 100 lakh crore mark.

NIFTY OUTLOOK FOR 07 & REVIEW

SELL ON RISE

Nifty                               8127     - 251

Nifty opened with a huge Gap down following global cues and went down further to shave off 3% on the indices and had clearly become bearish for short term. “Sell on Rise” may be followed with 8275 as stop loss on close basis.   Nifty spot is expected to encounter resistance at 8165, 8205, 8240 and find support at 8085, 8050 for Wednesday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to be generally subdued in view of the huge fall of Tuesday and any pullback could be utilized for Selling.

Astro Info :: Moon transits in Pushyami and Aslesha and market can be expected to be generally subdued and any recovery may be used for liquidating long positions and creating short positions by traders.

Trading strategy ::  Any decent pullback may be used for selling as a positional call.. Selling around 8200 levels may be attempted with 8250 as stop loss .  Sensitive time 1.45pm.

Individuals born in Leo and Sagittarius signs may remain cautious in their transactions.

Rs.3 LAKH CRORES WIPED OUT

Dragged down by a massive fall in the stock market, total investor wealth slumped by nearly Rs 3 lakh crore today as shares of over 2,200 listed firms ended in the red. The BSE benchmark index Sensex closed at 26,987.46, down 854.86 points or 3.07 per cent. The NSE Nifty also tanked 251 points, or 3 per cent, on massive selling across sectors. In-line with the weak broader market, the total investor wealth plunged by Rs 2.9 lakh crore to Rs 96.74 lakh crore. Total investor wealth, or market capitalisation, is the aggregate value of all listed firms. After crude oil price fell below USD 50 per barrel, the first time in almost 5 years, markets were spooked by fears of an disorderly exit of Greece from the Euro zone. "Greece's financial troubles continued throughout the day. Greece has been plunged in a government-debt crisis and has sought the help of its Euro-zone partners to bail the country out of debt," said brokerage firm RKSV's co-founder Raghu Kumar. Following the market crash, all but HUL among the 30 Sensex components closed the day with losses. ONGC was the worst hit with a fall of almost 6 per cent, followed by Sesa Sterlite Ltd, Tata Steel, HDFC, Reliance Industries Ltd and BHEL. Further, all the 12 BSE sectoral indices also suffered losses in the range of 1-4 per cent. As many as 2,253 stocks declined, while 644 advanced and 58 remained unchanged in the market. Globally, crude slumped to USD 49.95 a barrel, a level not seen since May 2009. Brent also fell by USD 3.31 to 53.50 per barrel. However, some experts said a falling crude price continues to bode well for the Indian economy. "Falling crude prices is a positive development for India as it would have a favorable impact on the country’s current account deficit and would curb fuel price inflation in the domestic economy," said Angel Broking, MD - Institution, Lalit Thakkar.

OIL BATH : SENSEX SLIPS 855 pts

The benchmark Sensex today plummeted by 855 points in its worst crash in five and a half years as stock markets globally went into a tailspin amid speculation about probable exit of Greece from the Euro region and oil prices cracking below USD 50 per barrel mark. The Nifty also tanked 251 points, or 3 per cent. Both the bellwether indices closed at more-than two-week lows. Panic selling sent markets on a free fall with losses across sectors, traders said, adding that investor wealth plunged by nearly Rs 3 trillion as four counters fell for one that rose. Oil prices continued to drop, with the US benchmark contract briefly falling below USD 50 a barrel for the first time in more than five years on concerns about ample global supplies and weakening economic growth. Oil & Gas, realty, metal, capital goods, auto, consumer durable and Banking shares took the lead in the downslide. "Markets globally remained weak. Speculation about probable exit of Greece from the Euro region and faltering oil prices too contributed towards grim market mood," said Bonanza Portfolio Senior Vice President Rakesh Goyal. 

The BSE 30-share gauge resumed with a downside gap and gradually moved southwards to break 27,000-mark to a low of 26,937.06 before concluding at 26,987.46 -- logging a steep fall of 854.86 points or 3.07 per cent. This its worst drop since 869.65-point crash on July 6, 2009. As many as 29 out of 30 Sensex-based scrips closed in the red with the biggest loser ONGC falling 6 per cent while HUL was the lone gainer. In tandem with overall trends, the BSE small-cap and mid-cap indices lost 2.95 per cent each respectively. The 50-issue NSE Nifty stumbled by 251.05 points, or 3.00 per cent, to end near 8,100-level at 8,127.35. As stock markets crashed sharply, the marketplace was rife with speculation about a 'fat finger trade' in a future contract of benchmark Nifty even as NSE officials maintained that trading was normal. Fears mounted that an election in embattled Greece later this month could put the opposition anti-austerity party Syriza in power, jeopardizing the country's economic reforms mandated by the international financial rescue, analysts said. Japan's Nikkei led an Asian share slump following painful losses in New York and Europe.

Asian markets ended sharply lower after stocks on Wall Street declined overnight following the relentless fall in oil prices. Indices in Japan, Hong Kong, Singapore, Taiwan, Singapore and South Korea fell by 0.32-0.99 per cent. However, Shanghai Composite moved up by 0.03 per cent. European stocks were also trading lower as indices in France, Germany and the UK fell 0.24-1.13 per cent. Meanwhile, provisional data showed that foreign portfolio investors bought shares worth net Rs 472 crore yesterday. Major Sensex losers include ONGC (5.89 per cent), Sesa Sterlite (5.09 per cent), Tata Steel (4.88 per cent), HDFC (4.69 per cent), Reliance Industries (4.67 per cent), BHEL (4.45 per cent) and Tata Motors (4.39 per cent). ICICI Bank (4.20 per cent), SBI (4.05 per cent), Tata Power (3.92 per cent), TCS (3.60 per cent), Axis Bank (3.54 per cent), Hero Motocorp (3.43 per cent), Larsen & Toubro (3.38 per cent), Gail (3.20 per cent) and NTPC (3.13 per cent) also logged shap losses. "The sharp fall in markets came as a surprise and was likely driven by the weak global markets. There are concerns about the weakness in the global economy (crude prices have been falling sharply) as well as the after–effects of a potential exit of Greece from EU," said Kotak Securities, Head of Private Client Group Research, Dipen Shah. Among the S&P BSE sectoral indices, Oil&Gas 4.17 per cent followed by Realty 3.66 per cent, Metal 3.49 per cent, Capital Goods 3.24 per cent, Power 3.13 per cent, Consumer Durables 3.09 per cent, Bankex 3.03 per cent, Auto 2.65 per cent and IT 2.53 per cent. Total market breadth turned negative as 2,253 stocks ended with losses while 644 finished with gains and 58 ruled steady. Total turnover rose to Rs 3,139.15 crore from Rs 2,729.17 crore yesterday.

OIL FALLS BELOW $50

Global oil prices today collapsed under USD 50 for the first time in more than five years on the strong dollar, plunging equities, demand worries and plentiful crude supplies. The renewed slump came as the Dow index stood down more than 200 points and European equity markets lost more than two percent on fears of a Greek exit, or so-called Grexit, from the eurozone. At about 1630 GMT, US benchmark West Texas Intermediate for February delivery tumbled to USD 49.95 per barrel, touching the lowest level since May 1, 2009. London's Brent North Sea crude for February dropped to a similar nadir at USD 52.66 a barrel. "Greek problems may spell trouble for the eurozone (and) may impact energy demand out of Western Europe -- especially with press suggesting German politicians are talking about Grexit," said Ransquawk analyst Anthony Cheung. New York crude later stood at USD 50.27, down USD 2.42 from Friday's closing level. Brent was at USD 53.09 a barrel, down a hefty USD 3.33. The euro fell to a nine-year low against the dollar on worries that a victory in Greece by the far-left Syriza party in the January 25 election will result in the country's departure from the eurozone. The single currency was also dented by growing expectations of quantitative easing, or economic stimulus, from the European Central Bank. The euro dived today to USD 1.1864, a level last reached back in March 2006. "The dollar keeps strengthening and weighing on oil prices, with the Federal Reserve still on track to lift rates, while non-farm data on Friday should be another decent jobs statistic," added Cheung. A long rally in the greenback, which gained 11 percent last year against a basket of major rival currencies, has weighed on the dollar-priced oil market by making crude more expensive for buyers using weaker currencies. Oil has dropped about 50 per cent since June on worries about weak demand and a decision by the Organization of the Petroleum Exporting countries not to cut output in response to lower prices.

NIFTY OUTLOOK FOR 06 & REVIEW

CLOSING SESSION BETTER

Nifty traded better in the opening session and slowly slipped into the red and closed with a minor loss, first negative close in January F&O series. Nifty appears to be correcting for the recent rise and can be expected to be bullish for short term as long as it maintains close above 8285.  Nifty spot is expected to encounter resistance at 8520, 8555 and find support at 8335, 8300 for Tuesday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to be subdued in the forenoon and generally recover in Second half of the day.

Astro Info :: Moon transits in Punarvasu and Pushyami and market can be expected to be subdued in forenoon and recover in Second half of the day.

Trading strategy ::  After 1pm, if Nifty trades above Average Traded Price(ATP), long position may be considered with low as stop loss .  Sensitive time 11.25am.,

Individuals born in Leo and Sagittarius signs may remain cautious in their transactions.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Further Upmove  above 8450  …. !!!

Planetary Position for the Week

- Moon would be transiting  from Punarvasu in Gemini to Makha in Leo.

- Sun transits in  Poorvashadha   in  Sagittarius.

- Mercury   transits  in     Uttarashadha and Sravana  constellations in  Capricorn.

-  Venus transits in  Uttarashadha and Sravana in  Capricorn.

- Mars moves to Aquarius, an airy sign, and transits in Dhanishta. A fiery planet in Airy sign should aid bullishness.

- Saturn transits in  Scorpio  in Anuradha in Virgo Navamsa.

- Jupiter , in retrograde motion from December 9^th   to 8^th April 2015, transits in Cancer in Aslesha constellation in Pisces  navamsa .

- Rahu and Ketu continue their transit in Virgo and Pisces respectively. 

 

Nifty crossed the higher end of the monthly astro range i.e., 8279 and nearly achieved the first target too during the last week.

Nifty Outlook for Next Week :: (05.01.2015 to 09.01.2015) …  

NIFTY :: 8395 (+194) (Buy on Decline … )

New Year begins on a bullish note and Nifty gains 112 points in the first Two days of the new year. After Four weeks of fall / sideways consolidation, market moved up smartly last week on Friday in the new year. However, Nifty could not make a new high in December after the high of November 28^th. As Q3 results season is about to commence, market appears to be coming out of consolidation mode.

January month market movement would be driven by Q3 results, Funds flows into the markets, Government reform measures and INR and Crude movement besides Geo political factors.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8265, 8310, 8125 and 7650 respectively and would act as supports / resistances. Nifty is below 50 and 20 DMA and is above 100DMA and could offer support. Nifty continues to be above 200 DMA and 50 DMA too is above 200 DMA (Golden Cross) suggesting that the long term bullish trend is intact.   Nifty is quoting at a PE of about 21.50 which is about 19% above the long term PE multiple.  TTM EPS and  PE would improve after Q3 results.  Psu Banks seem to be enjoying high degree of margin of safety and qualify for a Value Buy as market can not complete its bull run with out the participation of this sector.  Policy initiatives might improve sagging Infra and Realty sectors.

Strong long term support would be around 7650

level and Medium term support is 8125. 

Technical Levels ::

For the coming week, Nifty spot is expected to face

resistance at 8485,  8580, 8675 and find support at 8305, 8215, 8120.

Minor resistances may be found at 8455, 8505, 8530, 8575  and minor supports at 8335, 8285, 8260, 8215.

Nifty gets out of consolidation mode and narrow range and is bullish and would get out of the same only if it closes below 8250. However, there is resistance around 8450 and only if it is crossed decisively, further upmove can be expected.

Breakout level for the week is 8455,  and break down level for the week is 8210.

Advice for Traders ::

January derivative series starts with a bang with Nifty going up by more than 2.25% and appears set for further upside as Nifty starts moving up after nearly Four weeks of down / consolidation move. Q3 results would provide the necessary direction and can be expected to be better in general, particularly banking sector which could lead the broader indices. If 8450 is crossed, Nifty could test a new high before any meaningful retracement. Stay long if it crosses 8450 with suitable stop loss or buy on decline with 8250 as stop loss (on close basis).

NIFTY OUTLOOK FOR 02 & REVIEW

ZIG ZAG MOVEMENTS

Nifty opened lower following global cues but traded steadily and closed flat for the day after crossing previous day’s high level, indicating resilience and bullish undertone. Nifty is neutral with bullish bias as long as it holds 8220 (on close basis). Overall market movement is rather dull and listless due to lower participation from institutions.  Nifty spot is expected to encounter resistance at 8325,, 8360 and find support at 8245, 8210 for Friday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to display zigzag / volatile movements with alternate bouts of bullishness.

Astro Info ::  Moon transits in Rohini in  Taurus .  Individuals born in Gemini and Libra Moon   signs and in Punarvasu, Visakha and Poorvabhadra  are advised to be careful in their transactions.

Astro Trading Strategy ::  Market is generally expected to witness zigzag movements.,  Closing hour can be expected to better.
 Sensitive time for the day is 12.15pm.,
Break Out level for Nifty is 8307 and Break Down level is 8237.,  If one level is achieved, the other is unlikely to be tested.  IF breakout level is achieved in the forenoon and trades above, Buy and Sell strategy may be followed and vice versa.