INFLATION UNDER CHECK

When it comes to inflation, the year 2015 has shown that the macroeconomic datapoints may not always show the real picture and the cases in point relate to quite a few kitchen staples such as potato, onions and pulses.
For records, the Consumer Price Inflation has remained well under control hovering in the range of 3.66-5.4 per cent so far in 2014, while the industry chambers and some other experts are hopeful that it would keep below 6 per cent mark in the New Year -- a target set by the Reserve Bank.
However, the consumers saw an altogether different story in 2016 when they went to the shops to purchase some staple grocery and vegetable items for a good part of the year. While onion prices again brought tears to the eyes of consumers, prices of tur dal touched record high levels above Rs 200 a kilogram. Another dataset, the Wholesale Price Index (WPI) based inflation in fact stayed in the negative zone for the entire year, meaning the wholesale prices actually fell and there was no inflation at all. While it entered the negative zone in November 2014, the WPI inflation stood at (-)3.8 per cent in October 2015.
On the future datapoints, the industry chambers expect the prices to stabilise in the New Year although WPI may come back to the positive territory. "During 2016, prices are likely to stabilise as industries continue to operate below full capacity. With industrial prices no longer falling, WPI inflation is likely to rise to positive territory while CPI inflation will likely remain in a band of 5-5.5 per cent, CII Director General Chandrajit Banerjee said. "RBI's target of 6 per cent by January 2016 will be easily met. In fact, inflation is likely to moderate from current levels as measures are taken to moderate the prices of pulses which had shot up on account of deficient rains", he added. International crude oil prices, which plunged to historic lows on a supply glut during the year, helped India reduce its oil imports bill and consequently commodities' transport cost. RBI has however cautioned that while oil prices, barring geopolitical shocks, are expected to remain benign for a few more quarters, the uptick of CPI inflation excluding food and fuel for two months in succession warrants vigilance.

Industry body Ficci said India has been experiencing a phase of 'disinflation' given the plunge in crude oil prices and prices of other commodities and raw material and this trend is expected to continue over the near term. "At the same time, increase has been noted in prices of agricultural commodities like pulses, edible oil, for which the government is taking appropriate action. Thus, inflation in near term is likely to remain within the RBI target," Ficci said. Despite these favouring factors, India battled weather-related woes as the country saw two straight years of deficient monsoons in 2014 and 2015. Deficient rains during the July-September Monsoon this year is likely to impact the rabi or winter crops, which will be harvested by March-end, as adequate soil moisture is important for growth of winter crops such as wheat, mustard, oil-seeds besides some varieties of pulses. Almost 60 per cent of the crop in the country is rain- dependent, while the rest is well irrigated. "The common man will continue to pay lower prices on fuel and transportation, although further declines are unlikely. The behavior of food prices will be uncertain as supply shortages could lead to sporadic increases in the prices of specific items," CII's Banerjee said. According to an RBI expert group, global commodity prices continue to impart some disinflationary momentum, but there are some upside risks to inflation from internal factors such as negative monsoon shocks, binding supply side constraints, government consumption shocks due to Seventh Pay Commission Award. "Tax collections, both direct and indirect tax are an important source of revenue for the government that is utilised for various purposes... It is to be ensured that undue pressure is not put on the existing set of tax payers, which adversely impacts their savings and consumption," said Vikas Vasal, Partner–Tax, KPMG in India. "Any additional tax or levy especially on the indirect taxes like VAT or services tax impacts the ultimate consumer, as the burden of these taxes is generally passed on to the consumer," he added. Both Ficci and CII have suggested to the government to address the supply chain bottlenecks by beefing up the post-harvest handling and distribution infrastructure and making Public Distribution System (PDS) efficient. This year, the government and the RBI also signed a Monetary Policy Framework agreement with the objective maintaining price stability, commensurate with the objective of growth. As per the agreement, RBI would set the policy interest rates and would aim to bring inflation below 6 per cent by January 2016 and within a band of 4 per cent with (+/-) 2 percent for 2016-17 and all subsequent years.

M & A ACTIVITY @ IT's PEAK

The 2015 was a record year for global merger and acquisitions (M&A) as corporates announced deals worth USD 4.86 trillion and a significant portion of this came from Asia Pacific targeted deals, says a report. According to global deal tracking firm Dealogic, global M&A volume at USD 4.86 trillion in 2015 was the highest on record for any year, surpassing the previous record of USD 4.61 trillion in 2007. Moreover, this year's total is a good 33 per cent higher than the last year. In another first, the Asia Pacific targeted M&A broke the USD 1 trillion mark, reaching USD 1.16 trillion in 2015, and accounted for a record 24 per cent share of global M&A. Sectorwise, healthcare was the top ranked sector in 2015 with USD 708.7 billion, up 62 per cent from 2014 when deals worth USD 436.3 billion were announced. Technology was a close second with record high volume and activity (USD 697.4 billion by way of 9,038 deals), almost double 2014 volume (USD 326.1 billion). The four largest technology deals on record were all announced in 2015, led by Dell's USD 66 billion bid for EMC, announced on October 1. Meanwhile, Goldman Sachs (USD 1.76 trillion), Morgan Stanley (USD 1.49 trillion), JPMorgan (USD 1.48 trillion) and Bank of America Merrill Lynch (USD 1.12 trillion) all recorded their highest annual advisory volumes on record. All these firms surpassed their previous M&A records set in 2007, the report added.

RUPEE EXPERIENCE 5th ANNUAL FALL

Set for the fifth straight year of fall in 2015, the rupee seems to have found a new bottom after hovering between two extremes of being billed the world's worst as well as the best performing currency and the experts see the range of 65-70 as the new normal.
While the government announced a slew of steps and the Reserve Bank also intervened on a few occasions to support the forex market, a highly volatile trend continued to rule the exchange rates due to global headwinds through 2015, during which the Indian currency also hit a two-year low below Rs 67 mark against the US greenback.
It is expected to end the year between Rs 66-67 level, down more than five per cent from its 2014-closing level of Rs 63.03 to one US dollar. It closed at Rs 66.21 in its last trading session, while four days of trading are left in 2015.
The major factors triggering the downward move included a substantial fall in foreign portfolio investments as an uncertainty prevailed for almost entire year over the long-awaited rate high in the US and the slowdown in China, a major driver of global economic growth for last few years.
For most part of the year, rupee remained the worst performing currency globally, but a sharper fall in many other currencies may actually help the Indian currency end the year as among the relatively better performers.
Experts say rupee may actually end up as one of the 'best' performers among major currencies due to its much steeper yearly fall against the US dollar. Euro is down nearly 16 per cent, while Indonesian rupiah is being billed as the worst performer. Chinese yuan has also not done well.
The traders expect rupee to trade in the range of 65.50-70.00 against the US dollar in the year ahead.

Rupee's performance will largely depend on global risk sentiments and the domestic reform push, said Abhishek Goenka, CEO of IFA Global, which deals in forex and risk management.
The global risk sentiment would continue to be shaped by the Fed Policy, recovery in Chinese and Eurozone economy, he added.
The forex markets were largely dominated by the actions of central banks, including the US Federal Reserve, this year. While Fed has finally decided to end its protracted period of near zero interest rate policy, the rate hike of 25 basis points came at the fag end of the year and speculation is already abound about its next move.
Another major factor dominating the global markets during the year was the collapse of Chinese equity markets and slowdown in its economy. The Shanghai composite fell nearly 40 per cent within a span of few weeks trapping many retail investor and corporate profits began to shrink owing to poor global and domestic demand and oversupply.
The Indian rupee, which was being seen as stabilising in the range of 63-65 in the early part of the year, soon hit on a downward path after a devaluation of the Chinese Yuan by around 4 per cent sent the Asian currencies into a tailspin.
On the domestic front, the Reserve Bank initiated several steps to support the Indian currency. The RBI increased FPI investment limit in fixed income markets, allowed importers to raise trade credit in Indian rupee from overseas, allowed companies to raise rupee denominated debt overseas and also showed its intent to intervene in Exchange Traded Currency Derivatives (ETCD) segment.
The government too played its part by relaxing FDI caps in certain sectors, moving certain sectors to automatic route from approval route, improving indirect tax collections and initiating PSU stake sale, all of which failed to contain the fall in rupee.
FPI inflows tapered in 2015 as compared to the previous years, which became one of the biggest factors for the rupee depreciation.
Though India's trade deficit shrank as compared to the previous year, exports have contracted for 13 straight months. However, FDI flows have been relatively better.

TATA MOTORS AMONG TOP-50 IN GLOBAL R & D

Tata Motors has entered the top-50 league of the world's biggest companies in terms of their R&D investments, topped by German automaker Volskwagen. On the annual Industrial R&D Investment Scoreboard for 2015, prepared by European Commission, Volkswagen is followed by Samsung, Microsoft, Intel and Novartis in the top-five. Tata Motors has moved up from 104th position last year to 49th now and has also shown the largest increase in R&D (Research and Development) investments on the list. However, most of this R&D is at its UK subsidiary Jaguar Land Rover. In the expanded list of the world's 2,500 top R&D firms, there are a total of 26 Indian companies, as against 829 from the US, 360 from Japan, 301 from China, 114 from Taiwan, 80 from Switzerland and 27 each from Canada and Israel. There are 608 companies from the EU countries, including 136 from Germany, 135 from the UK, 86 from France, 42 from Sweden and 32 from Italy. India is overall placed at 15th position in terms of the number of companies on the list.
Among other Indian companies, Dr Reddy's Laboratories is ranked 404th, M&M is at 451st, Reliance Industries at 540th, Lupin at 624th, Sun Pharma at 669th, Cipla at 831st and Infosys at 884th. Other Indian firms on the list include ONGC, Tata Steel, Wockhardt, Cadila Healthcare, Bajaj Auto, Hindalco, BHEL, Piramal Enterprises, Wipro, Helios and Matheson, HCC, Ashok Leyland, Apollo Tyres, TCS, Suzlon Energy, TVS Motor, Force India, HCL Tech and Glenmark. While the top-five companies globally have retained their respective positions, Google has moved up to sixth place (from 9th), while Pfizer has moved to 10th (from 15th). Roche, Johnson and Johnson and Toyota are ranked 7th, 8th and 9th, respectively.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 7855 ….. !!!        

Nifty Outlook for Week 21.12.2015 to 24.12.2015

NIFTY :: 7762 (+152)

Nifty traded with huge Bullishness till Thursday and fell on Friday and closed with a gain of about 2%.

Moon transits in Dhanishta 3 rd to Poorvabhadra 3 rd Pada between 16^th December (afternoon) and 18 th December and the  range of these days  (7737 to 7853) can be considered to be the reference range for the next Three weeks and market can be considered to be Bullish above the high and Bearish below the Low of this period’s range.  

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7795, 7955, 8033 and 8250.  respectively and would act as  resistances. Nifty is trading  below all   the Moving Averages.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Technical Levels ::

Bullish above 7840 with resistance at  7815, 7890,7950

Bearish below 7690 with Supports at 7615, 7540, 7475.

Breakout level : 7850 ; Breakdown level : 7625

Advice for Traders ::

Nifty would have become Bullish  for Short term if it would have closed even with minor positive bias on Friday. Since GST Bill is not likely to be cleared  in this winter session, it  is likely to have negative impact on the sentiment and the economy. Further, Mid year economic review was not strong. If Nifty is likely to cross 7855, it would be Bullish and on the other hand, if it is likely to breach 7720, it would be Bearish.

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above
the Last week’s Close.

Planetary Position

During the current week Moon would be transiting  from Aswini 3 rd  Pada    in Aries to Mrigasira 1 st Pada in Tarurs.

Sun transits in   Moola 2^nd   Pada in Sagittarius to Moola 3 rd  Pada  in Sagittarius.

Mercury transits in  Poorvashadha 3 rd in Sagittarius to Uttarashadha 1 st Pada in Sagittarius.

Venus transits in  in Visakha 2 nd    Pada  in Libra to Visakha 3 rd   Pada.

Mars transits in    Chitta 2 nd    Pada in Virgo to Chitta 3 rd   Pada in Libra.

Saturn  transits in   Anuradha constellation in Scropio sign in 4th  Pada  and in

Scorpio Navamsa .

Jupiter ,, transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .  

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

NEW DELHI TOPS LIST OF CITIES FOR SHOPPING

New Delhi has topped the list of Asia's top cities for shopping, offering a treasure trove of goods through its blend of charming traditional markets and glitzy shopping malls, according to a new survey. New Delhi has topped the list for the best shopping city in Asia, followed by Bangkok and Singapore, according to a survey by TripAdvisor. "Shopping in Asian cities can be a rich and colourful experience if you know exactly which spots to go to and how to maximise your dollar," TripAdvisor's Communications Director for Asia Pacific Janice Lee Fang said. Most cities feature top quality malls, where one can find their favourite designer shops, but there are also the night markets or street shops that sell beautiful handicraft and other local gems unique to the culture, she added. This ranking is based on the popularity of shopping activities in Asian cities and also includes highly-rated hotel recommendations, which are bookable on TripAdvisor, offering shoppers great value for their stay so they can save as much of their holiday budget. The rank of the best cities for shopping is based on the total of commercial activities for shopping, the number of commercial activities for shopping with a good score, the frequency of mention for the word shopping in the reviews relative to the destination and the average score of reviews that talk about shopping in all the languages applicable on TripAdvisor.com. Bangkok (Thailand) is second with its huge variety of shopping options for every lifestyle and budget, from the very high-end to street shopping, wholesale and weekend markets. Singapore, which ranked third in the list, is famous for its retail options across the city state, with a plethora of shopping malls that open till late. Other cities mentioned in the top 10 shopping destination are Beijing in China at the fourth place, followed by Hanoi in Vietnam, Tokyo in Japan, Seoul in South Korea, Kuala Lumpur in Malaysia, Kathmandu in Nepal and Jakarta in Indonesia.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Nifty Outlook for Next Week :: (30.11.2015 to 04,12.2015)

BULLISH MOVEMENT TO CONTINUE

NIFTY :: 7943 (+86)

Nifty traded in a zigzag fashion and closed higher for the week with a gain of 1.15% , this being 2^nd week of successive weekly gain.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7905, 7997, 7997 and 8143.  respectively and would act as supports / resistances. Nifty is trading  below most of  the Moving Averages.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Nifty has once again crystallized  its Medium term trend with Nifty having closed below  8100. Nifty would face strong resistance   around 8050, above   which it will have real bullishness .

After Two weeks of Bullishness, it can go up One more week too,

Technical Levels ::

Bullish above 8010 with resistance at  8085, 8160,8225

Bearish below 7870 with Supports at 7795, 7720, 7650.

Breakout level : 8050 Breakdown level : 7800

Advice for Traders ::

Weekly Open level is very important for the entire week. Long  positions may be considered  as long as it maintains above the Last week’s Close.

Planetary Position

Moon would be transiting  from Pushyami 2 nd    Pada in Cancer    to  Uttara 1 st  Pada in Leo.

Sun transits in   Anuradha 4 th   Pada in Scorpio to Jyeshta 1 st  Pada

Mercury transits in Jyeshta  2 nd Pada to Jyeshta  4 th Pada.in Scorpio,

Venus transits in  in Chitta 3rd    Pada  in Libra to Chitta 3 rd Pada.

Mars transits in    Hastha 2nd Pada in Virgo to ,Hastha  3 rd  Pada.

Saturn  transits in   Anuradha constellation in Scropio sign in 4th  Pada  and in

Scorpio Navamsa

Jupiter ,, transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .

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

AP NO1 in EMPLOYABILITY

India skills report 2016 (ISR 2016), a joint initiative by Wheebox (a global talent assessment company), in association with Confederation of Indian Industry, Linkedin, PeopleStrong HR Services Pvt. Ltd & Association of Indian Universities (AIU), says that Andhra Pradesh ranks number one state in India with largest employability level with 65.2% of employable workforce in the 22-25 years age group, a considerable increase from 31% posted in 2015 report. Vishakapatnam (85.53%) and Guntur (81.07%)are the two cities in Andhra Pradesh which scored highest in employability index.  The results are part of Wheebox Employability Skill Test (WEST) that assessed about 5 lakh candidates spread out to 5000 educational campusesacross 29 states and seven union territories (UTs)in the country on various employability parameters including numerical and logical ability, communication skills, and domain knowledge, etc.

Another highlight of Andhra Pradesh in Wheebox study has been gender-wise employability where Andhra Pradesh with 70.26% leading in female employable force &50.33% male employable force. Within the psychometric tests, Andhra Pradesh is leading in English language & computers skills but rank low in numerical & logical reasoning aptitude.  A significant decline is noticed with 45.96% candidates looking at internship opportunities in Andhra Pradesh in comparison to 80% seeking it in 2015 survey. Candidates prefer salary in excess of INR 2.6 lakh.

The study forecasts an overall increase of 14.5% in the hiring outlook for 2016.ISR 2016 shows an upward trend in hiring spread across 29 states &seven UTs. The maximum hiring activity can be seen in Maharashtra, Karnataka, Delhi, Tamilnadu, Punjab, Gujarat, Andhra Pradesh, Uttar Pradesh and Haryana, respectively.

NFOs ON LOW GEAR

New fund offers (NFOs) seem to be moving in a low gear as fund houses have launched only 340 new schemes in April-September of 2015 following Sebi's direction to rationalise and consolidate offerings with similar goals.
In comparison, mutual funds had come out with 1,059 NFOs for the whole of 2014-15.
The numbers stood at 1,023 and 1,168 in 2013-14 and 2012-13, respectively.
"Over the past few years, there has been a declining trend in the issuance of NFOs. This trend has been partly due to the regulator's direction to rationalise and consolidate mutual fund schemes with similar objectives," a report titled 'Indian Mutual Fund Industry- The Road Ahead' from Assocham today said.
"The requirement from the regulator to demonstrate the differentiation in investment style and attributes of a potential new fund has also impacted the pace of approvals."
Furthermore, the requirement of disclosing details and number of funds managed by each fund manager has also led to more circumspection.
Most of the new schemes launched in April-September have been aimed at investment in equity and equity-related securities.
Besides, the products have been focused on diversified funds, exchange-traded funds, tax-saving instruments and arbitrage schemes.
Overall, a total of 120 draft documents have been filed with capital markets regulator Sebi to roll out new NFOs in the current fiscal so far.
Speaking at the Assocham event, Sebi executive director (Investment Management Department) Ananta Barua said: "Mutual Funds should come out with simple products so that more people can invest in such schemes. Currently, only two per cent people in India invest in mutual funds."

Barua said Sebi will soon come out with measures to further strengthen investors' confidence in mutual fund sector. "Recently we have been discussing with industry and investor associations on how to increase more transparency so that industry becomes much more robust and we will come out with many more things which will further strengthen the structures where investors will have more confidence," he said. As a regulator, Sebi wants to increase accountability of asset management companies (AMCs) and also enhance the confidence of retail investors. "As far as penetration is concerned, we are also seeing how this product can reach every nook and corner of India," he said. On the issue of sale of MF on e-commerce platforms, Barua said: "We want a system where even though we may allow e-commerce, there will be same requirements which we are debating should be applicable because if they sale a product then there are executive who is an employee, he needs to be certified and he should sell those products that are suitable and all three routes - distributor route, only distribution route and all through advisor route are being debated."

WNATED CHACOLATE TASTER

In what could be the world's tastiest job, a Scottish firm is on the hunt for a chief chocolate taster who will be paid in monthly supplies of chocolate bars. Mackie's, an Aberdeenshire chocolate firm which also makes crisps and ice cream, is advertising for the year-long position ahead of the factory's opening next year. The only qualifications for the job -- for which payment will be made in monthly supplies of chocolate -- are taste buds, with the successful applicant having a "steady supply of chocolate to taste, test, lick and sook on the couch at home," according to company chiefs. Besides the free chocolate, the firm is also offering "a trip to our family farm for a chocolate immersion session with the resident experts," and a "performance bonus if/when your chocolate creation flies off the shelves." Mackies is also keen on creating a new flavour -- dreamt up by the newly-appointed chief chocolate taster -- to celebrate the opening of the new 600,000 pounds factory. Other responsibilities will include ensuring quality control, tasting other brands of chocolate and taking part in tasting panels. Kirstin McNutt, head of development, said: "This isn't a Chinese Wispa, we really are recruiting a chief chocolate taster for twelve months." "With our brand new factory being capable of making more than five million bars annually, we want to share the sweet success with creative candidates who have a taste for bringing us new interesting flavours," McNutt was quoted as saying by the Scotsman. The closing date for the job is December 3, with Mackie's confirming people of all ages can apply and have to describe their dream chocolate bar flavour and why they are the best candidate. The top four creative ideas will be chosen and put to the test by Mackie's before two finalists are short-listed and put head to head via public vote on social media.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Scrip wise Movements…!  

               

Nifty Outlook for Week 23.11.2015 to 27.11.2015

NIFTY :: 7857 (+95)

Nifty traded in a zigzag fashion a d closed higher for the week with a gain of 1.25% after Three weeks of Loss.

Nifty has once again crystallized  its Medium term trend with Nifty having closed below  8100. Nifty would face strong resistance   around 8100, above   which it will have real bullishness .

After 3 weeks of bearishness, it had  a pullback for a week and again it may resume bearishness.

Moon transits in Dhanishta and Sathabhisham constellations on 19^th  and 20^th and Revathi upto 12.15pm

On 23^rd November and the range of these Three  days will be reference range for the next Three weeks and Nifty wiould be Bullish above the High and Bearish below  the low and the range of Nifty on 19^th and 20^th was 7907 and 7765.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7978, 7979, 8164 and 8326.  respectively and would act as supports / resistances. Nifty is trading  below all the Moving Averages.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Technical Levels ::

Bullish above 7925 with resistance at  8000, 8075,8150

Bearish below 7775 with Supports at 7700, 7625, 7550.

Breakout level : 8000 Breakdown level : 7700

Advice for Traders ::

Weekly Open level is very important for the entire week. Long  positions may be considered  as long as it maintains above the Last week’s Close.

Planetary Position...

Moon would be transiting  from Revathi 4^th   Pada   inPisces   to   Mrigasira 3 rd  Pada in Gemini

Sun transits in   Anuradha 1 st   Pada in Scorpio to  Anuradha 3 rd Pada

Mercury transits in Anuradha 2 nd Pada to Anuradha 4 th Pada.

Venus transits in  in Hastha 4 th    Pada  in Virgo to Chitta 2^nd Pada.

Mars transits in    Hastha 1 st  Pada in Virgo to ,Hastha 2^nd Pada.

Saturn  transits in   Anuradha constellation in Scropio sign in 3^rd  Pada  and in Libra Navamsa .

Jupiter ,, transits in  Leo in  Poorva Phalguni  4 th  Pada in  Scorpio  Navamsa.

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

SENSEX ENDS WITH GAIN FOR THE WEEK

The BSE Sensex extended gains for the second straight day in a choppy trade -- its first weekly gain in four -- as it edged up over 26 points on increased buying by investors and retailers, tracking a firm overseas trend. Brokers said sentiment improved after investors bet on the US Fed to raise rates in December but proceed cautiously with any further tightening thereafter.
The 7th Pay panel report, which was submitted yesterday after market hours, buoyed investors, which recommended 23.55 per cent hike in pay and allowances for government employees. The 30-share Sensex was in the grip of profit booking initially, but recovered on the back of across-the-board buying in blue-chips and closed higher by 26.57 points, or 0.10 per cent, at 25,868.49. The gauge had gained 359.40 points yesterday. The broader Nifty ended at 7,856.55, up 13.80 points, or 0.18 per cent, after trading between 7,817.80 and 7,906.95 intra-day.
For the week, the Sensex added 257.96 points, or 1 per cent, and the NSE Nifty 94.30 points, or 1.21 per cent -- their best weekly performance since October 9. In 30-Sensex kitty, GAIL emerged as the top gainer, up 10.07 per cent.
Wipro, Dr Reddy's, Cipla and Vedanta too advanced.
Sectorally, oil and gas hogged the limelight by rising 2.05 per cent, followed by capital goods, IT and technology.
The auto index jumped 0.60 per cent as stocks like M&M, Maruti Suzuki and Bajaj Auto climbed up to 1.92 per cent following the Pay panel recommendations, which are expected to raise the disposable income for consumers. The broader markets too ticked up, helped by retail investors. The BSE mid-cap and small-cap closed higher by up to 0.86 per cent. Globally, Asian stocks ruled firm and even Europe had a better opening. In Asia, Hong Kong's Hang Seng ended 1.13 per cent up while Shanghai Composite closed 0.37 per cent higher and Japan's Nikkei 0.10 per cent.
Meanwhile, foreign investors sold shares worth Rs 343.18 crore yesterday, as per provisional data. 

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Sell on Rise

Nifty Outlook 16.11.2015 to 20.11.2015

NIFTY :: 7762 (-192)

Nifty traded in a clear Bearish way and fell further by about 200  points by about 3%, completing 3 weeks of bearishness.   Bihar election results came out in the most unexpected way.    

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8085, 7981, 8196 and 8338.  respectively and would act as supports / resistances. Nifty is trading  below all the Moving Averages.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Technical Levels ::

Bullish above 7850 with resistance at 7925, 8000, 8075

Bearish below 7700 with Supports at 7625, 7550, 7475.

Breakout level : 8000 ; Breakdown level : 7650.

Advice for Traders ::

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above the Last week’s Close.

Planetary Position...

Moon would be transiting  from P Shadha 3 rd  Pada   in Sagittarius   to   Sathabhisham 4th  Pada in Aquarius,   

Sun transits in  Visakha 3 rd    Pada in Libra   to Anuradha 1 st   Pada in Scorpio.

Venus transits in  in Hastha 2 nd    Pada  in Virgo to Hastha 3 rd   Pada in Virgo.  .

Mars transits in   Virgo  in  Uttara 4 th  Pada.to Hastha 1 st  Pada in Virgo. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 3^rd  Pada  and in Libra Navamsa .

Jupiter ,, transits in  Leo in  Poorva Phalguni  4 th  Pada in  Scorpio  Navamsa .  

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

Moon transits in Dhanishta and Sathabhisham constellations on 19^th  and 20^th and the range of these Two days will be reference range for the next Three weeks and Nifty wiould be Bullish above the High and Bearish below  the low.

TUR DAL @ 140 In 24x7 Fresh

As pulses prices remain high, online grocery firm 24x7 Fresh today said it will sell tur dal at Rs 140 per kg as against the current market price of around Rs 200 per kg. Similarly, moong dal would be sold at Rs 115 as against prevailing market price of Rs 140 per kg, the e-commerce startup said in a statement. A customer can only buy 1 kg of each variety of pulses at a time, it added. Pulses would be sold at this rate from tomorrow. Meanwhile, Mother Dairy's retail outlet Safal and Kendriya Bhandar are selling imported tur dal at Rs 120 as part of the government's measures to boost domestic supply and control pulses prices. The startup, which is operates in Delhi, Bengaluru, Gurgoan and Noida, is also making available other pulses at competitive prices. Pulses prices have risen sharply due to fall in domestic production by two million tonnes in 2014-15 (July- June) on poor rains. Retail prices of tur and urad are ruling up to Rs 190-200 per kg. 

FOOTFALLS IN MALLS DRASTICALLY DOWN

Shopping malls in major cities may witness a decline of more than half in footfall this Diwali, with the trend of online buying catching up on the back of discounted sales by e-tailers, a survey today said. "In the wake of unprecedented surge in e-commerce, shopping malls, already under huge pressure due to large vacant spaces, are expected to see a sharp decline in the footfalls to the extent of 55.58 per cent during the ongoing festive season this year," a survey by Assocham revealed. Delhi-NCR has recorded the highest decline in footfalls in the city malls. As per the survey, about 120-150 malls in Delhi-NCR were launched in the past two years but almost 65-70 per cent of the spaces in many of these malls remains vacant. "Several malls, unable to attract the shops, are even shutting down," the poll said, adding that the major factors that attributed to this situation are economic slowdown, online shopping, high interest rate and inflation in consumer goods. The survey drew responses from major cities in the NCR (National Capital Region), apart from Delhi, Mumbai, Chennai, Ahmedabad, Kolkata, Hyderabad, Bangalore, Chandigarh and Dehradun. In the nine major cities, more than 59 percent of the total mall space remains vacant, with Delhi-NCR topping the list with 68.5 percent, followed by Mumbai at 65 per cent, Ahmedabad (61 per cent) and Chennai (60 per cent). According to the survey, several developers have already started giving rent-free period of up to six months for big brands to lure retailers. Both retailers and consultants seem convinced that the mall magic seems to have disappeared in a puff of smoke on the back of the economic slowdown, poor revenue model, low footfalls-to-sales conversion and lack of special purpose malls, the survey added. The festival season this year has triggered a huge rise in online shopping and may cross the Rs 55,000-crore mark, resulting in the halving of footfalls in malls in places like Delhi, Mumbai, Chennai, Ahmedabad, among others Assocham said. The study reveals that there may be a five-fold increase in the revenue clocked in by the eCommerce websites in categories including mobile phones, electronics, designer furniture, home decorations, apparel, accessories, jewellery and footwear.

Further Bearishness Below 8000….. !!!

Nifty Outlook for Next Week 02.11.2015 to 06.11.2015

NIFTY :: 8066 (-- 229)

Nifty traded in a clear Bearish way and fell on all the Five trading sessions by about 3% (including the First day of the new Derivative series of November). Next week also, market would be driven by global cues as it will be discounting Bihar Election results.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8166, 8016, 8205 and 8351.  respectively and would act as supports / resistances. Nifty is trading  only above     the  50 DMA.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Technical Levels...

Bullish above 8150 with resistance at 8225, 8300, 8375

Bearish below 8000 with Supports at 7925, 7850, 7775.

Breakout level 8200 ; Breakdown level 7950.

Advice for Traders ::

Nifty has once again changed its Medium term with Nifty having closed below  8100. Nifty would face strong resistance   around 8100, above   which it will have real bullishness .

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above the Last week’s High.

            

Planetary Position...

Moon would be transiting  from Punarvasu 3 rd Pada   in Gemini   to Poorvashadha 3rd  Pada in Leo.   

Sun transits in  Swathi 3 rd    Pada in Libra   to Swathi 4th   Pada in Libra.

Mercury   transits  in Chitta 4 th   Pada  to  . Chitta 2nd  Pada. .  

Venus transits in  in Uttara Phalguni 1 st  Pada  in Leo to Uttara Phalguni 2nd   Pada in Virgo.  .

Mars transits in   Leo in  Uttara 1 st  Pada.and UTtara 2^nd Pada in Virgo. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 3^rd  Pada  and in Libra Navamsa .

Jupiter ,, transits in  Leo in  Poorva Phalguni 3 rd d  Pada in Libra   Navamsa .  

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

AFRICAN LEADERS IN TRADITIONAL INDIAN ATTIRE IN NEW DELHI

TRENDS OF PETROL CONSUMPTION IN INDIA

Mobile App for forex Fxkart.com launched

Fxkart.com, the online aggregator of foreign exchange dealers, today launched India's first forex booking mobile app for exchange of foreign currency. The UAE-based Free Zone company, Fxkart.com, aims to change the way consumers buy/sell forex in India through the use of technology. The app is available on iOS and Play store platforms, Fxkart.com said. The company has its R&D (Research and Development) Centre at Bengaluru, and is currently reaching out to people at more than 650 locations across India, it said in a statement here. Fxkart.com aims to provide the consumers with the ease of instantly booking forex requirement by locating the cheapest and nearest dealer in the city, bringing convenience to the traveler/tourist to book forex with a click, it added. "The new app would answer all customer queries about foreign exchange through a personalised chat option. The app is geo-located, where users can enter the city or the locality from where they want to collect the foreign exchange, and automatically the screen would display the RBI licensed money changers in and around the locality along with the best rate," Fxkart.com CEO Abdul Hadi Shaikh said. "Users will have to then select the best offer and based on customer requirement they can either collect it from the store or have it home delivered," he added. International tourists have an option to book it even before they travel to India and can get the deal once they land at the airport. In the next update, customers will have an option to upload their documents, thus making a hassle free, haggle free transaction, it said. The "biggest advantage" of this app is that the customers can compare rates at transit destinations too and if the rate is better, they can easily book a deal and order it at the airport or at their hotel too, the company said. 

LATE BUYING SUPPORTS SENSEX TO SETTLE ABOVE 27000

Fag-end buying saved the day for domestic market as the BSE Sensex reversed all of its early losses and settle 204.46 points higher at 27,214.60, tracking firm global cues, while Nifty reclaimed the 8,200-level. In early trade, the 30-share Sensex cracked below the 27,000-mark by dropping 93 points to hit a low of 26,917.12 as investors booked profits in recent gainers after the country's exports in September dropped for the tenth straight month. However, on across-the-board buying in late session, the index recovered from early losses to end at 27,214.60, up 204.46 points or 0.76 per cent. Meanwhile, the 50-issue NSE Nifty recaptured the crucial 8,200-mark and settled 58.65 points or 0.72 per cent higher at 8,238.15. It slipped to a low of 8,147.65 during the day. With today's late rally, both Sensex and Nifty climbed 135.09 points (0.49 pc) and 48.45 points (0.59 pc), respectively, for the week, to log third-straight weekly rise. Market commenced lower as participants locked in gains in blue-chips that made sizeable grounds in yesterday's session amid slump in exports and a weakening rupee. Country's exports shrunk for the tenth straight month by 24.33 per cent in September to USD 21.84 billion due to steep fall inbound shipments of petroleum products, iron ore, and engineering goods amid tepid global demand. Reliance Industries, which surged 1.07 per cent at Rs 913.70 ahead of its Q2 earnings, helped in the success story. Moreover, Maruti Suzuki continued its upward journey and gathered another 1.56 per cent to Rs 4,448 on expectations of pick up in its sales during the ongoing festive season. Other stocks from the auto space too perked up with Tata Motors rising by 1.72 per cent to Rs 387.25, followed by M&M 1.19 per cent, Bajaj Auto 0.42 per cent and Hero MotoCorp 0.88 per cent. Out of the 30-share Sensex, 20 ended higher. Gains in L&T, SBI, ONGC, HDFC Bank, HDFC, ICICI Bank, Dr Reddy's, NTPC, Axis Bank, ONGC, Cipla, BHEL, GAIL, TCS and Sun Pharma also contributed. Globally, Asian markets closed at almost two-month highs. Hong Kong's Hang Seng ended 0.78 per cent higher, while Shanghai Composite closed 1.60 per cent up. Japan's Nikkei too up 1.08 per cent. European markets were slightly higher in their early trade as another batch of weaker-than-estimated economic reports from China, Europe and the US boosted hopes that central banks will maintain stimulus measures. 

SENSEX REGAINS 27000

Indian shares closed in green after three days, mirroring a firm global rally as a weak US data reduced the odds of the Federal Reserve raising rates this year, propelling the BSE Sensex again to the 27,000-level. Spurt in auto stocks gave a further fillip to the market mood with the sector index logging a gain of 2.33 per cent. The benchmark BSE Sensex resumed higher at 26,842.19 and firmed up further to 27,037.95 before closing at 27,010.14, showing a gain of 230.48 points or 0.86 per cent. Tata Motors was the top index gainer with a surge of 8.06 per cent as its Jaguar Land Rover unit reported a 3 per cent rise in September sales. Other automakers including Maruti Suzuki, Hero MotoCorp and Bajaj Auto also notched up smart gains on hopes of a surge in sales during the festive season. Meanwhile, the US Commerce Department yesterday reporting that retail sales inched up by 0.1 per cent in September triggered a massive rally in Asian and European markets as the data reinforced hopes of a Fed rate hike delay. "India is experiencing a benefit from the same with strong uptick in Asia and EMs," said Vinod Nair Head-Fundamental Research of Geojit BNP Paribas Financial Services. As a result, the 50-share NSE Nifty also perked up by 71.60 points or 0.88 per cent to close at 8,179.50. The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower. All the other sectoral indexes ended in green. The 30-share Sensex lost 300 points in last three days on disappointing second quarter earnings numbers of technology companies including TCS and Infosys. The bearish mood turned for the better today on buying in auto, refinery, metal, capital goods and power sector stocks. Major BSE gainers included BHEL 3.02 per cent, Tata Steel 2.94 per cent, GAIL 2.16 per cent, Coal India 2.14 per cent, ONGC 2.04 per cent, SBI 1.92 per cent and Lupin 1.84 per cent. However, M&M, Wipro, Hindalco, Hind Unilever, Cipla, NTPC, TCS and Infosys ended up to 0.86 per cent lower. Chinese stocks led gains in Asian markets amid fresh signs of reform for their state-owned firms. Indices like China, Hong Kong, Japan, Singapore, South Korea and Taiwan rose in the range 0.93 per cent to 2.32 per cent. European stocks were also higher as expectations build that the Federal Reserve will delay raising interest rates. Key indices like France, Germany and the UK firmed up between 0.96 per cent to 1.37 per cent. 

Strong Support for Nifty @ 8100 …!

Outlook for 12.10.2015 to 16.10.2015

NIFTY :: 8190    (+240)

Nifty gained  far above the reisstance level of 8050 and finally closed around 8190 level with a 3% uplevel..

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7940, 8097 8220 and 8366.  respectively and would act as supports / resistances. Nifty is trading  below  half  of   the  averages  which is a matter of  concern.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Bearish  trend is   in    tact.

Moon transits between Uttarabhadra and  Revathi during 28^th September and 29^th September 2015. Highest and Lowest levels during these days would be the reference range for the next Three Weeks  s.

Nifty’s Highest and Lowest levels during the above period was 7921 and 7691 and traded above the highest levels thereafter till about 8240.

Trend change has taken place Nifty during the week with Nifty closing at more than 8110. Medium term would once again turn bullish only if Nifty is able sustain above 8150 for One more week. . Nifty would face strong support  around 8100, below  which it will have real bearishness .

Technical Levels ::

Resistance at 8325, 8400, 8475 (Bullish above 8250)

Supports at 8050, 7975, 7900 (Bearish below 8125)

Breakout level 8300 ; Breakdown level 7900,..... 

Advice for Traders ::

Weekly Open level is very important for the entire week. Long  positions may be considered  as long as it maintains above the Last week’s High.

Planetary Position...

Moon would be transiting  from Hastha  2^nd    Pada  in Virgo    to Anuradha 1 st  Pada in Scorpio

Sun transits in  Chitta 1^st  Pada in Virgo  to Chitta 2 nd   Pada in Virgo.

Mercury turns direct and   transits  in Uttarashadha 4 th  Pada  to  . Hastha 1^st Pada. .  

Venus transits in  in   Makha 3 rd Pada  in Leo to Makha 4 th Pada in Leo. .

Mars transits in   Leo in  Pubba 1^st Pada to Pubba 2^nd Pada. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 2 nd  Pada  and in Virgo Navamsa .

Jupiter ,, transits in  Leo in  Pubba 2 nd  Pada in Virgo  Navamsa .  

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