THIRD PARTY MOTOR PREMIUMS ZOOMS UP

Owning a vehicle would now pinch pockets more, with third-party motor insurance premiums set to rise for two-wheelers, private cars and heavy load carriers from tomorrow. "It is observed that the cost inflation index (CII) has increased by 9.05 per cent over the previous year, i.e. from 939 in FY 2013-14 to 1024 in FY 2014-15. "..the Authority hereby notifies the premium rates applicable to Motor Third Party Liability Insurance covers with effect from April 1, 2015," said Insurance Regulatory and Development Authority of India (IRDAI) in a notification. The premiums are being revised after a gap of three years.
Owners having third-party cover for private cars of 1,000-cc capacity would now have to pay premiums of Rs 1,468 from Rs 784, those exceeding 1,000 cc but below 1,500 cc will attract premium of Rs 1,598 (from Rs 925) and those above 1,500 cc at Rs 4,931 (from Rs 2,853). "Motor Third Party Liability premiums are increasing but at the same time insurance companies are still losing money on the portfolio. "In a free market scenario...each insurer should be free to price the product as per their risk perception. That will ensure that insurers who are committed to providing good service in this portfolio have an opportunity and incentive to differentiate their services which no one may be willing to do in a fixed price, loss-making scenario," said Pavan Dhingra, Director Prudent Insurance Brokers. The third-party cover for two-wheelers of up to 150 cc to 350 cc capacity would attract premium of Rs 554 from the current Rs 350 and those exceeding 350 cc would cost of Rs 884 as against Rs 680. The general insurance industry had favoured a hike in the third party motor premium to the tune of 40-50 per cent against a steeper increase proposed by regulator IRDA. The regulator had on March 9 proposed a steep increase in the third-party premium, ranging between 14 and 108 per cent from April 1. This is on top of the 9-20 per cent hike already effected across vehicle categories for this fiscal.
It is mandatory to for a vehicle owner to obtain third-party insurance to provide insurance cover to others in case of injury or loss of life.

ASTRO GUIDE FOR 1 & REVIEW

CAUTION @ HIGHER LEVELS

Nifty                               8491   - 1

Astro Info...

Moon transits in   MAkha and Pubba in  LEo.    

Tithi : Trayodasi     ; Weekday:: Wednesday. 

Individuals born in Virgo and Capricorn   signs and in Rohini, Hastha and Sravana constellations    may remain cautious in their transactions.

Senstive time:: 11.35am

Market Outlook for  Wednesday
Nifty faced selling at higher levels and closed flat for the day. Nifty could not clear the 10 DMA on close basis. In view of the long weekend, cautionsness is to be exercised. .  Nifty spot is expected to encounter resistance at 8530, 8565 and find support at 8455, 8420 for Wednesday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to face selling pressure at higher levels in view of long weekend .

Trading strategy :: 

Nifty could not close above 8525. Hence, Nifty could be considered neutral between 8350 and 8550. It needs to break eitherside to take further direction. In view of long weekend cautiosness is suggested at higher levels.

Breakout / Break Down Levels::

Breakout level  is 8575 and Breakdown level 8429 for Nifty spot for  Wednesday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

TICKETS TO MUSEUM, ZOO CHEAPER

Entry tickets to museums, zoo and tiger reserves would become cheaper, while business class air travel, investment in MFs and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from tomorrow. Finance Minister Arun Jaitley had come out with a host of proposals last month to rationalise service tax, which is levied at an effective rate of 12.36 per cent. These also include raising the rate to 14 per cent, but that will come into effect from a date to be notified later by the government after the passage of the Finance Bill by Parliament. However, the proposals which will come into effect from April 1, 2015 include tax exemption granted to services like admission to a museum, zoo, national park, wild life sanctuary and a tiger reserve. Similarly, life insurance scheme Varishtha Pension Bima Yojna, ambulance service, retail packing of fruits and vegetables, too will not attract service tax levy. On the other hand, air travel will become expensive as service tax will now be levied on 60 per cent of the value of the ticket as against 40 per cent presently. "At present, Service Tax is payable on 40 per cent of the value of air transport of passenger for economy as well as higher classes e.g. business class. "The abatement for classes other than economy is being reduced and service tax would be payable on 60 per cent of the value of such higher classes", said the memorandum to the Finance Bill, adding that the proposal will come into effect from April 1, 2015. 

Services provided by Mutual Fund (MF) agents, marketing of lottery tickets, departmentally-run public telephone and free telephone calls from airport and hospitals will be subject to payment of service tax. With regard to chit funds, the service tax will be paid by the chit fund foremen at full consideration received by way of fee, commission or any such amount. They, however, would be entitled to claim Cenvat credit. As part of the rationalisation programme, construction services will be exempted from payment of the levy from April 1, 2015 if the service is provided to the government with regard to historical monument, irrigation work, water supply and sewage treatment plant. Exemption provided to construction, erection, commissioning or installation of original works pertaining to an airport or port will be withdrawn from April 1. Services provided by folk or classical artists will be exempted from the levy provided the amount charged is less than Rs 1 lakh. Service tax exemption to transportation of 'food stuff' by rail, or vessels or road will be limited to transportation of foodgrains, including rice and pulses, flours, milk and salt only. The transport of other items, however, will become expensive.

 

INVESTORS WEALTH ZOOMS BY Rs 27.5 LAKH CRORES

FINANCIAL YEAR 2015 REVIEW

Investor wealth soared by over Rs 27 lakh crore during 2014-15 fiscal, or Rs 11,000 crore per trading session, on the back of rising stock prices helped by robust foreign fund inflows. The phenomenal gain, measured in terms of rise in overall market capitalisation of all listed companies, is more than double the increase of Rs 10 lakh crore in the previous fiscal i.e. 2013-14. During the fiscal 2014-15, benchmark Sensex has gone up by 5,571.22 points, or 24.88 per cent, to 27,957.49 from 22,386.27 on March 31, 2014. The gauge had touched all-time high of 30,024.74 on March 4 this year. Led by the rally in the stock market, investor wealth soared by Rs 27.34 lakh crore in over 240 trading sessions to Rs 101.49 lakh crore as on March 31. Market capitalisation of BSE listed firms stood at Rs 74.15 lakh crore at the end of 2013-14 fiscal. Brokers have attributed the rally to stable government after the May general elections and signs of economy returning to high growth path. Besides, improvement in the country's economy on back of easing inflation have also played a key role in boosting the market performance, experts said. Jayant Manglik, President-retail distribution, Religare Securities said: "After phenomenal run in FY15, participants should prepare themselves for an exciting and definitely challenging new financial year." The foundation for economic recovery was laid in the last financial year and aided significant improvement in the macro scenario but failed to fuel credit off-take and corporate earnings so far, he said.

SENSEX LOGS 25% RISE

Registering a hefty rise of 25 per cent in 2014-15, benchmark Sensex today capped its best show in six fiscal years mainly driven by surge in foreign inflows after the Narendra Modi-led government took charge. During the fiscal 2014-15, Sensex has gone up by 5,571.22 points, or 24.88 per cent to 27,957.49 from 22,386.27 on March 31, 2014. The gauge had touched all-time high of 30,024.74 on March 4 this year. On similar lines, the NSE's Nifty zoomed by 1,786.80 points, or 26.65 per cent, to settle the fiscal at 8,491 after scaling lifetime high of 9,119.20 on March 4 this year.

WORST MONTHLY SHOW

On friday, the final day of the FY, the BSE Sensex settled in the red after giving up early gains to end the fiscal year marginally down by 18.37 points at 27,957.49. The broader market sentiment remained strong as small-cap and mid-cap counters outshined the Sensex by 0.31 per cent and 0.88 per cent, respectively. "It was a mixed trading session for the sectoral indices, where oil & gas and healthcare managed to gain close a per cent each, while rest ended flat to marginally in red," said Jayant Manglik, President-retail distribution, Religare Securities. For the month, the Sensex fell 4.8 per cent, its worst monthly show since February 2013. The broad-based 50-issue NSE Nifty today eased by 1.30 points or 0.02 per cent to close at 8,491.

MIDSESSION BETTER

ASTRO GUIDE FOR 31 & REVIEW

Moon transits in  Aslesha and MAkha  in   Cancer and LEo.    

Tithi : Dwadasi     ; Weekday:: Tuesday. 

Individuals born in Leo and Sagittarius  signs and in Krittika, Uttara and UTtarashadha    constellations    may remain cautious in their transactions.

Senstive time:: 11.35am

After 3 weeks of fall, Nifty rose sharply, typical of Derivative opening week. However, Nifty is below 100 DMA and in case it is able to close above 8525, short term and medium term bullishness would return. In view of the long weekend, cautionsness is to be exercised. .  Nifty spot is expected to encounter resistance at 8530, 8565 and find support at 8455, 8420 for Tuesday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to remain subdued in the forenoon session and could recover  thereafter.
Trading strategy :: 

Close above 8510 / 8525 would bring back bullishness to the market. Hence Monday’s optimism should continue for One more day. Buy on Decline with 8425 as stop loss. IF Nifty trades above ATP in second half of the day, long positions can be considered with the low as SL.

Breakout / Break Down Levels::

Breakout level  is 8535 and Breakdown level 8351 for Nifty spot for  Tuesday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Sensex soars by 517 points

Logging its biggest gain in over two months, the benchmark BSE Sensex today surged by 517 points to end at 27,975.86 on strong buying support, particularly in banking, telecom and IT stocks, amid positive global cues like a fall in crude prices. The benchmark index resumed opened 200 points up and gradually moved upwards to regain 28,000-mark before closing at 27,975.86, a rise of 517.22 points or 1.88 per cent, with almost all the 30 index shares ending with gains. The previous best one-day gain was on January 20 when the Sensex had rallied by 522.66 points. The rally was across-the-board with 12 sectoral indices settling in the positive range of 0.47 per cent and 2.82 per cent. Brokers attributed the the steep rise to value buying from an "over-sold" position. "Firm global cues combined with oversold positions in index majors triggered the rebound initially, which further accelerated following noticeable buying interest," said Jayant Manglik, President, Retail Distribution, Religare Securities. Bharti Airtel was the top gainer with a rise of 3.55 per cent, followed by HDFC 3.52 per cent, ONGC 3.49 per cent, ITC 3.41 per cent and Coal India 3.27 per cent.
"All the sectors ended in green and the major gainers for the day were Capital goods and Realty which closed up around 2.91 per cent and 2.30 per cent, respectively," said Head Research, Geojit BNP Paribas Financial Services. Similarly, the 50-issue NSE Nifty also sprung back by 150.90 points or 1.81 pct to end at 8,492.30. It logged an intra-day high of 8,504.55. As the financial year is coming to an end, markets opened for the day on a bullish note and remained strong throughout the day’s trading session. Among day’s major market moving events, surge in US technology shares overnight helped equities bounce back, said Rakesh Goyal, Senior Vice President, Bonanza Portfolio. Small-cap and mid-cap counters too attracted heavy buying interest from retail investors as their indices outperformed the Sensex. Reduction in crude prices and improvement in F&O liquidity, post a poor March expiry (-7% return) provided essential, said Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services. Brent crude for May eased 41 cents to USD 56.00 in Asia in the afternoon trade.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Pullback in the Offing …!

Planetary Position...

During the current week Moon would be transiting  from Aslesha in Cancer to Pubba in Leo.

Sun transits in Uttarabhadra and Revathi    in Pisces.

Mercury   transits  in       Uttarabhadra  in  Pisces.

Venus transits in  Bharani   in Aries.

Mars transits in   Aswini in Aries.

Saturn transits in   Anuradha constellation in Scropio sign and in Libra Navamsa and remains in  retrograde motion from 14^th March to 2^nd August, 2015.

Jupiter , in retrograde motion from December 9^th   to 8^th April 2015, transits in  Cancer in Aslesha constellation in Sagittarius  Navamsa  .

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

Nifty trading below the monthly astro reference range  achieved the first target of sub 8300. It is possible for a rebound particularly after Jupiter turns Direct from 8^th April as Bank stocks could show signs of stability.

NIFTY :: 8341 (-230) (Oversold …  Technical Bounce  …)

Nifty lost about 3% last week due to global cues and derivative expiry woes. Most of the fall was experiencenced on Thursday, derivative expiry day. However, Friday’s trading pattern suggests that the short term bottom could be in place as it had formed a “Hammer” pattern. Market needs to trade above the Friday;s high to confirm this pattern. Further, current week being a truncated week with Two trading holidays, it could lead to a low volume week with lesser participation. Market would be keenly watching RBI policy and then Q4 results. Most stocks had fallen tp come to reasonable valuations making a case for Medium / long term investment. However, Nifty is trading well below 100DMA and needs to trade above the same to lend semblance of stability to the market. Muted performance is expected in Q4 and if the results show positiveness, market could rebound faster.

Coal allocation would spur economic growth in fields such as Mining and power and would contribute to the GDP growth. Reform measures taken by the Government would go a long way in  improving the macro fundamentals. GST from next year would simplify tax regime and ensure ease of doing business. While Medium / long term outlook appears bright, Nifty needs to trade above 8550 to remain positive for the year.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8695, 8725, 8535 and 8170 respectively and would

act as supports / resistances. Nifty is trading  all the average , particularly below 100 DMA, which is a matter of concern.

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 more than  22 which is more than 15% above the long term PE multiple.  Nifty EPS fell after Q3 results and the EPS fell from 391 to 373  due to change in weightage of Nifty constituents. Nifty PE had fallen by about 2 points last month due to huge fall in the last Three weeks. Last major support for Nifty is 200 DMA which is aroung 8175 and in case of further fall, market can be expected to take support around 8200.

Strong long term support would be around 8175

level and Nifty is below the Medium term support level of 8525.

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8600 with resistance at 8690, 8790, 8835, 8925 and is expected to Bearish below 8545 with Supports at 8450, 8365 8305, 8225.

Nifty could not hold at higher levels / pull back levels and fell sharply on Thurs /  Friday and  being last week of Derivative expiry  is close to strong support level of about 8500 and can be expected to take support  around 8450 / 8500.

Breakout level for the week is 8715,  and break down level for the week is 8180. 

Advice for Traders ::

Nifty came below the strong support level of 100 DMA with a gap down on Thursday and fell further and appears to have made a short term bottom for a reasonable pullback. However, While the long term trend is bullish, Medium term would once again turn bullish only if Nifty is able sustain above 8500. If Nifty / scrips sustain above Friday’s high level, Friday’s low level could offer strong support for short term for a reasonable pullback.

Weekly Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes aboveWeekly open and vice versa

MIDSESSION BETTER

ASTRO GUIDE FOR 27 & REVIEW

Nifty                               8342  -189

Moon transits in  Aardra  in   Gemini.    

Tithi : Ashtami     ; Weekday:: Friday. 

Individuals born in Cancer and Scorpio   signs and in Aslesha, Jyeshta and Revathi constellations    may remain cautious in their transactions.

Senstive time:: 10.20am; 11.10.; 1.15pm; 3.15pm;

Market Outlook for  Friday, 27th March, 2015  :: Mid Session Better ….!!!
Yemen crisis and derivative expiry together contributed to the massive fall on Nifty which fell by more than 2% and the derivative series closed at the lowest level. Nifty needs  to close above 8525 to get out of the current bearishness. Nifty is below 100DMA and needs to go above that levels to regain stabilisty.  .  Nifty spot is expected to encounter resistance at 8390, 8430 and find support at 8310, 8275 for Friday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to recover from lower levels particularly during mid session. As new derivative series is to commence, semblance of optimism can be expected.
Trading strategy :: 

Nifty opened below the breakdown level and continued its fall mainly because of global cues and derivative expiry woes. Optimism can be expected over the next One week being new derivative series.

Opening level of new derivative series is important , recovery can be expected if it is able to hold above the Open level.

Breakout / Break Down Levels::

Breakout level  is 8543 and Breakdown level 8281 for Nifty spot for Friday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

MARKETS COLLAPSE ON GLOBAL CUES

Rising geopolitical tension in the Middle East spooked domestic markets today with benchmark Sensex plummeting 654 points, its biggest daily fall in nearly three months, to close at 27,457.58. Across-the-board selling on the last day of monthly derivative contracts, sluggish global cues and surge in oil prices also pulled down markets for the seventh straight day. The NSE Nifty slipped 189 points, or 2.21 per cent, to end at 8,342.15, its weakest level in about ten weeks. In currency markets, the Indian rupee fell to 62.7 levels against the US dollar on capital outflow worries. Saudi Arabia carried out air strikes against Huthi rebels in Yemen today. This sparked off a wave of risk aversion in financial markets, traders said. Domestic participants were seen offloading their long positions in Futures and Options (F&O) segment instead of carrying them forward to the next April series, they added. In the cash market, selling was broad-based as 11 out of 12 sectoral indices closed lower. Only capital goods index escaped the bloodbath. On the BSE platform, two stocks fell for every one that rose as 1822 scrips ended in the red while 979 advanced. "Geopolitical tension in Middle East triggered selling pressure across the globe and domestic benchmarks lost close to two percent on F&O expiry day," said Jayant Manglik, President-retail distribution, Religare Securities. 

The benchmark S&P BSE 30-share barometer resumed below 28K-mark and gradually moved down to a low of 27,384.87 before concluding at 27,457.58, a steep fall of 654.25 points or 2.33 per cent. Today's fall was biggest since January 6, 2015 when it had plunged by 854.86 points or 3.07 per cent. The Sensex has now registered its longest losing string -- seven days -- in 2015. It has lost 1,280 points in seven days. Elsewhere in Asia, markets mostly fell in line with an overnight sell-off on Wall Street, after weak US data hinted at ongoing weakness in the world's biggest economy. European markets were also trading lower with deep cuts of up to two per cent.

Key Asian indices in Hong Kong, Japan, South Korea and Taiwan fell by 0.13 per cent to 1.39 per cent while those in China and Singapore firmed up by 0.37 per cent to 0.58 per cent. In Europe, France's CAC, Germany's DAX and the UK's FTSE dropped by 1.36 per cent to 1.98 per cent. Meanwhile, provisional local data showed that Foreign Portfolio Investors (FPIs) bought shares worth Rs 813.19 crore and Domestic Institutional Investors (DIIs) picked up shares worth Rs 96.52 crore yesterday. According to analysts, the Indian markets may remain subdued until the end of the current financial year on March 31 as investors preferred to book profits at the year-end. Coming back to today's trade, as many as 26 scrips out of the 30-share Sensex pack ended lower. "Markets worldwide are under stress as Saudi Arabia has attacked Yemen through air attack which has led to supply concerns over crude oil prices. We expect the Indian markets to remain sideways bullish in the coming week and Nifty to remain in the range of 8,600-9,100 in the coming weeks," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio. Major Sensex laggards include HDFC (5.32 per cent), Wipro (4.01 per cent), Sesa Sterlite (3.90 per cent), Infosys (3.30 per cent), SBI (3.18 per cent), Axis Bank (3.03 per cent), ICICI Bank (2.90 per cent), Tata Motors (2.78 per cent), Coal India (2.58 per cent) and Sun Pharma (2.39 per cent). Hindalco (2.33 per cent), TCS (2.32 per cent), NTPC (2.31 per cent), HUL (2.30 per cent), Tata Steel (2.21 per cent), ONGC (1.89 per cent), Dr Reddy's (1.84 per cent), Reliance Industries (1.67 per cent) and Maruti (1.36 per cent) also notched up losses. Total equity turnover dropped to Rs 2,999 crore from Rs 4,405.75 crore yesterday.

KSE DOWN BY 90 POINTS

Karachi Stock Exchange (KSE) took another plunge on Thursday when it lost nearly 904 points, or 2.9 per cent. Market analysts attributed the sharp drop to bearish sentiments among the investors. "It appears the market is coming under pressure because of heavy selling this week by foreign funds," analyst Mukaram Bukhari said. "There is also the issue of some political uncertainty in Karachi which is the financial hub of Pakistan and it is leading to dumping of shares by foreign investors," he said. He pointed out that foreign selling was gradually pushing the index into the red zone and some commodities were coming under pressure. The KSE-100 Index went down on Thursday even though on Wednesday, Moody’s upgraded Pakistan’s foreign currency government bond rating from stable to positive – something that should have triggered bullish sentiments in the market. Trade volumes on Wednesday touched their six-month low point, as only as 99 million shares were traded worth Rs 6.1 billion.

 

TCS App for UK GENERAL ELECTIONS

Tata Consultancy Services, India's leading IT services firm, today launched a smartphone application here that allows users to track, analyse and visualise Twitter conversations about the UK General Election to be held in May. 'ElectUK' has been created to engage voters, their representatives and political commentators by turning their smartphone into a Big Data social media analytics tool. The app is free to download and is available on both iOS and Android devices. ElectUK will use data taken directly from Twitter and analyses millions of tweets about, and from, the political parties, candidates and the electorate in the May 7 UK General Election. "ElectUK has been created to showcase the potential uses of TCS Digital and Big Data technologies going beyond business," commented Shankar Narayanan, Country Head, UK & Ireland, TCS. "The app is a great example of how TCS can combine Big Data analytics, social, mobile and cloud, to deliver valuable insight on matters of relevance to the society at large." "ElectUK uses Big Data to give voters, politicians and commentators greater insight into the online conversations shaping the election debate, in an easy-to-consume, interactive and visual way," Narayanan said. We've even included a button to help people register to vote, because we believe that digital technology can and should help bring about a more informed and engaged voter, Narayanan said. This data is run through TCS PeriVistaTM Big Data analytics software and delivered to the application as a range of share-able graphics. The app is based on a database of more than two thousand parliamentary candidates, allowing users to compare sentiment and trends, including the issues of highest importance in the debate. Last year's Scottish referendum demonstrated the importance of social media as an engagement tool, with more than 10 million Facebook interactions taking place in the build-up to the vote. "Digital is indeed a formidable force which can benefit the community. ElectUK demonstrates how Digital technologies can be used to deliver real insights, directly into the hands of users," said Satya Ramaswamy, global head of TCS Digital Enterprise, Tata Consultancy Services. ElectUK is the latest social analytics application from TCS, with the company having previously created similar award winning apps to analyse social data around the 2014 Indian election and the FIFA 2014 World Cup.

CAUTION @ HIGHER LEVELS/MIDSESSION WEAK

ASTRO GUIDE FOR 25 & REVIEW

Nifty                               8543  -8

Senstive time:: 11.50am; 1.30pm

Astro Info...

Moon transits in  Rohini  in  Taurus.    

Tithi : Shashti     ; Weekday:: Wednesday. 

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

Nifty traded in a zigzag / choppy manner but could not sustain at higher levels and  closed with a minor decline. With derivative expiry only 2 days away, scrip wise movement is to expected and  most stocks being bearish further down side can not be ruled out. However, Nifty is close to medium term support of about 8515 and could offer support around 8500.  Nifty spot is expected to encounter resistance at 8585, 8620 and find support at 8505, 8470 for Wednesday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness zigzag movements  with weak midsession and general bearish bias thereafter.

Trading strategy :: 

Mid session from 11.30 to 1.30 appears to be weak.  Hence any rise before 11.30 may be utilized to take short positions with day high till 11.30 as SL and partial profit may be booked by 1.30 and balance by close of the day.

Breakout / Break Down Levels::

Breakout level  is 8651 and Breakdown level 8513 for Nifty spot for Wednesday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

LATE SELL OFF DRAGS INDICES LOW

After rising over 260 points, benchmark Sensex erased all gains and settled 30 points down today to over nine-week low of 28,161.72 on fag-end selling in auto, banking and IT shares. Losses in Tata Motors, HDFC Bank and Infosys weighed on markets, which fell for the fifth straight session. Stock brokers said besides caution ahead of March expiry in the derivatives segment on Thursday, selling by mutual funds to meet redemption pressure in view of ending financial year 2014-15 also dampened trading sentiment. In a highly volatile trade, the 30-share index rose to the day's high of 28,455.32 points on the back of recovery in selective bluechip stocks. However, a late sell-off pushed the index to the day's low of 28,130.09 before settling 30.30 points, or 0.11 per cent, down at over 9-week low 28,161.72. The gauge has now lost 574.66 points in the five sessions. On similar lines, the 50-share NSE Nifty ended with a loss of 7.95 points, or 0.09 per cent, to settle at 8,542.95 after trading between 8,627.75 and 8,535.85. Tata Motors suffered the most among Sensex stocks by plunging 3.27 per cent ahead of company's board meet tomorrow to consider rights issue. Other laggards include Hindalco, Hindustan Unilever, SBI, Tata Steel, Hero MotoCorp, ICICI Bank and TCS. Among the 30 Sensex constituents, 16 scrips, including Bharti Airtel, GAIL, NTPC and Sesa Sterlite, gained. Pharma stocks attracted buyers' attention after Sun Pharma and Ranbaxy got approval from the CCI for sale of seven brands to Emcure Pharma to comply with the fair trade watchdog's conditional nod for their USD 4-billion merger. Sun Pharma rose 1.55 per cent. Dr Reddy's and Cipla too rose. Shares of Jindal Steel and Power recovered by 1.20 per cent after Delhi High Court yesterday directed the Centre to maintain status quo on a Chhattisgarh mine, the bid for which by the company had been cancelled by the government. Sectorwise, the BSE Auto index suffered the most by losing 1.17 per cent, followed by Banking index (0.61 per cent), IT index (0.50 pc), Realty index (0.40 pc) and FMCG (0.30 pc). Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 417.41 crore and domestic institutional investors (DIIs) bought shares worth a net Rs 403.91 crore yesterday as per provisional data.

MARKET ASTRO GUIDE FOR 20 & REVIEW

SECOND HALF BETTER

Nifty                               8635  -51

Moon transits in  Poorvabhadra   in  Aquarius.    

Tithi : Amavasya     ; Weekday:: Friday. 

Individuals born in Aries and Leo    signs and in Aswini, Makha and Moola    constellations    may remain cautious in their transactions.

Senstive time:: 11.50am; 1.30pm; 3.05pm;

Market Outlook for  Friday, 20th March, 2015  :: Second Half Better ….!!!
Market opened higher due to global cues but could not sustain at higher levels and sold off  after 2.00pm to close in the negative zone with a loss of more than 50 points. Nifty was unable to pierce the resistance level and the short term bearishness continues. Nifty spot is expected to encounter resistance at 8675, 8715 and find support at 8595, 8560 for Friday.   While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness zigzag movements and could be generally better in the second half.

Trading strategy :: 

Market could hit the day’s bottom in the forenoon and generally recover thereafter, particularly between 1.30 and 3.00., (subject to weekend concerns)., Suitable trading strategy may be formed to close any long position by about 3.00pm.,

Breakout / Break Down Levels::

Breakout level  is 8831 and Breakdown level 8571 for Nifty spot for Friday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am

Sensex slips another 152 pts

The Sensex today rose over 350 points in early trade after a dovish Fed stance cooled expectations of an early US rate hike but the benchmark ended with over 152-point loss on a late sell-off in banking, capital goods and oil & gas bluechips. Shares of Axis Bank, SBI, ICICI Bank, BHEL, RIL and ITC saw moderate to sharp losses, leading to the BSE index falling for the second straight session. In Asia, barring Japan, country-specific indices in all major markets rose in a relief rally as the Federal Reserve , after a closely watched two-day meeting issued a statement that had removed a pledge to remain "patient" on raising rates, signaling a possible mid-year rate increase. However, Fed chief Janet Yellen emphasised that while jobs were picking up the economy was more muted than 3 months ago, adding that consumer spending slipped and inflation slowed. The 30-share Sensex had risen to a day's high of 28,978.74 in early trade and remained in the green for a major part of the session amid a firming global cues. However, a late sell-off by participants dragged down the Sensex to touch the day's low of 28,411.70 points. It closed with a loss of 152.45 points, or 0.53 per cent, at 28,469.67. The gauge lost 114.26 points yesterday in a volatile trade. "Despite positive global cues, equity benchmarks concluded the session with a cut. They failed to capitalise the initial push, which was triggered in response to the US Fed's balanced statement on interest rate hike," said Jayant Manglik, President-retail distribution, Religare Securities. The 50-share NSE Nifty ended with a loss of 51.25 points, or 0.59 per cent, to settle at 8,634.65 after touching the day's high of 8,788.20 and a low of 8,614.65. Sectorwise, the BSE Banking index suffered the most by losing 1.76 per cent, followed by Realty (1.50 per cent), Capital Goods (1 per cent), Oil & Gas (0.68 per cent), FMCG (0.64 per cent) and Power (0.52 per cent). Meanwhile, Foreign Portfolio Investors (FPIs) sold shares worth a net Rs 457.43 crore yesterday, as per provisional data released by the stock exchanges.

NO THREAT TO CLIENT CONFIDENTIALITY

SWITZERLAND BANKERS ASSOCIATION ASSERTS

Facing a global crackdown including from India on their 'safe haven' tag, Swiss banks today asserted that "bank-client confidentiality" will not disappear and 'automatic information exchange' is not the only solution to the black money menace. The assertion comes at a time when Switzerland is in the process of implementing a worldwide 'automatic exchange of information' framework for sharing of details about suspected cases of tax evasion with India and many other countries that have joined an OECD convention in this regard. India is expected to start getting information under this regime from Switzerland, about bank account and other details of Indians, from 2018. "Bank-client confidentiality will not disappear, but it is undergoing far reaching-changes, particularly in tax-related issues," according to the Swiss Bankers Association, the apex body of banks based in Switzerland. Asserting that Swiss banks continue to resolutely implement their strategy of tax compliance, SBA said "criminals" never had any protection under bank-client confidentiality, as banks have always been under obligation to disclose client information about them. It further said that international standards were taking on an increasingly important role with regard to when a Swiss bank is required to disclose client information to tax authorities. "These standards are developed by organisations such as the OECD, of which Switzerland is a member. Switzerland is taking part in these developments for the very reason that tax evasion was never legal in our country. Since 2009, administrative assistance in the case of tax evasion has been part of Swiss double-taxation agreements in accordance with the OECD standard. Further to this, on October 9, 2013, our Government resolved to sign the Council of Europe and OECD’s convention on administrative assistance in tax matters. In addition to the exchange of information – which as an international standard in future may also be 'automatic' – there are other means for the prevention of tax evasion. "These include: the Swiss withholding tax on income from capital from domestic sources, the agreement with the EU on savings taxation, the flat-rate withholding tax agreements with Great Britain and Austria and the FATCA agreement with the US." SBA further said that Switzerland has recently sharpened the sanction for violation of bank-client confidentiality, which now includes cases in which somebody passes 'stolen' bank-client data on or sells it to a third party and an amendment to law in this regard "will most likely enter into force this year". While the Indian government has proposed a new law to bring to book those stashing illicit assets abroad, it expects automatic exchange of information with Switzerland and other countries to be of big help in its fight against this menace. In the recent past, India has stepped up its efforts in this regard, including by way of re-negotiating tax treaties with various countries. Many other countries are also taking steps to address the menace of illicit funds being stashed away in tax havens.

Under the OECD framework, more than 40 jurisdictions including India have agreed to become 'early adopters' of an 'automatic exchange of information' mechanism prepared by global body OECD to help each other in fighting the tax evasion and frauds. This early adopters group plans to collect data from 2016 and exchange information for the first time in September 2017. Switzerland would see its 'first exchange' under this framework taking place in the year 2018. As many as 58 countries would see their 'first exchange' taking place in 2017, followed by another 35 in the year 2018. While India is part of the 'First Exchange 2017' group, it will have to wait till 2018 for 'automatic exchange of information' with Switzerland because of the Alpine nation being in the second grouping. The details that would be shared include account number, name, address and date of birth, tax identification number, interest and dividends, receipts from certain insurance policies, credit balances on accounts, as also proceeds from the sale of financial assets. Under the exchange process, if a taxpayer in a Country A has a bank account in Country B, the bank would disclose financial account data to authorities in the Country B, which would automatically forward the details to authorities in Country A to help them examine the data. Once in place, the mechanism would help the Indian authorities to have a strong ground while seeking to bring back and tax the funds stashed overseas by its citizens. Talking about bank-client confidentiality, SBA said that "having one's privacy protected is a human desire." "Bank clients wish freedom for personal development, without interference from others and without being exposed publicly.... personal privacy enjoys constitutional protection, just as does, for example, personal freedom, freedom of religion and conscience, or freedom of speech. "This protection is, however, not absolute. It ends where the law places limits on it. This manifests itself whenever personal privacy is specified in more detail, such as in the case of data protection or bank-client confidentiality.
"When bank-client confidentiality was introduced by lawmakers in 1934, the intention was not to facilitate tax evasion; this has always been considered an offence in Switzerland," it said.
SBA further said: "The limitations that have been placed on bank-client confidentiality in recent years – for example the cross-border information exchange between tax authorities – never aimed to 'abolish' personal privacy, but rather to put a stop to the abuse thereof." It further said that bank-client confidentiality, under the Switzerland's Banking Act, "establishes professional confidentiality comparable to that of doctors, lawyers or priests. "Its aim is always to protect personal privacy – not to protect assets from the tax authorities. Furthermore, bank-client confidentiality is not the primary reason for the success of Swiss banks. "This lies instead with their know-how in wealth management, the stability of the Swiss legal system, an outstanding infrastructure and regulation which to date has been business-friendly," SBA said in a report on its website.

SARAL ACCOUNT FOR SMALL INVESTORS

Leading stock exchange BSE has announced the launch of 'Saral' or simplified account opening form for individual investors in the securities market. The move is in line with market regulator Sebi's guidelines to facilitate an easy and simplified account opening process for investors entering equity cash market. "BSE has announced the launch of SARAL Account Opening Form (SARAL AOF) to facilitate an easy and simplified account opening process in securities market," a statement by the stock exchange today said. The form can be filled by submitting only one documentary proof of address, which can either be correspondence or permanent address. It is available on BSE website for easy access of investors. The investors who open account through Saral would also have the option to obtain other facilities like Internet trading, margin trading, derivatives trading and use of power of attorney, whenever they require, on furnishing of additional information as per prescribed guidelines. Earlier this month, Sebi had come out with norms wherein an individual resident investor can open this account through Saral Account Opening Form. The form can be filled by any resident individual investors who wishes to be a part of the equity market. "Investors whose current residence is different from the proof of address submitted, need to only give a self-declaration on which all correspondence will be made by the intermediary with the investor," BSE said. A simplified account opening process comes against the government and the regulator's efforts to attract new retail investors to the market especially for the disinvestment share sales through Offer For Sale (OFS) and other routes.

MIDSESSION WEAK

ASTRO GUIDE FOR 17 & REVIEW

Moon transits in  Sravana     in  Capricorn.    

Tithi : Dwadasi     ; Weekday:: Tuesday. 

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

Senstive time:: 9.50; 1.45pm; 2.50pm.

Nifty                               8633  - 15
Market Outlook for  Tuesday, 17th March, 2015  :: Mid Session Weak ….!!!
Following a wide range Friday, Nifty traded very narrow and choppy and closed with a minor loss.  If Monday’s low level is breached, further fall can be expected. Nifty spot is expected to encounter resistance at 8675, 8720 and find support at 8600, 8560 for Tuesday.   While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  be  subdued / weak in mid session upto about 1.45 and could have a mild recovery / pullback thereafter.
Monday’s range could be the reference range and could be considered bullish / bearish for Tuesday depending on breakout / breakdown.

Trading strategy :: 

Market appeared to be cautious ahead of crucial Fed meet. Nifty is generally bearish particularly during midsession upto 1.45pm., Short positions can be considered around 11.30, if Nifty is trading below Open/ ATP with suitable stop loss to be covered by 1.45 / 2.00pm.,

Breakout / Break Down Levels::

Breakout level  is 8677 and Breakdown level 8599 for Nifty spot for Tuesday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

SENSEX DOWN 65 POINTS

In a volatile trade, the benchmark Sensex today fell over 65 points to hit an over one-month low of 28,437.71 on profit-booking in metal, FMCG, oil & gas and power stocks ahead of the US Federal Reserve's policy meet. The 30-share Sensex after hitting a session high of 28,581.82 in early trade, subsequently succumbed to profit-booking in heavyweight stocks and slipped into the negative zone as it hit a low of 28,384.09. However, gains in realty, IT, teck, healthcare, banking and consumer durables shares cushioned the fall in the Sensex that settled with a fall of 65.59 points, or 0.23 per cent, at one-month low of 28,437.71. The gauge had lost 427.11 points in the previous session in Friday's close after the rise in retail inflation dampened hopes of aggressive rate cuts by the RBI. Also, the National Stock Exchange index Nifty ended 14.60 points, or 0.17 per cent, down at 8,633.15 after touching a high of 8,663.55 and a low of 8,612 intra-day. Market has turned volatile ahead of the Fed decision, the RBI’s policy next month and company earnings for the March quarter, stock brokers said. Selling pressure was visible across-the-board despite the successful coal and spectrum auctions and passage of Insurance Bill in Parliament, they added.
Globally, Asian markets ended mixed as investors await developments from Bank of Japan and US Federal Reserve meetings this week European markets were up in their opening trade. During the day, government data showed Wholesale Price Index (WPI) inflation for February dipped (-) 2.06 per cent as prices of good articles, manufactured items and fuel products fell during the month. This is the fourth month in a row that WPI-based inflation remained in the negative zone. Stocks of Sesa Sterlite suffered the most among Sensex constituents by plunging 5.16 per cent, while Hindalco finished 3.64 per cent. Others which dragged down the indices included Bharti Airtel, NTPC, HDFC Ltd, GAIL, Dr Reddy, ITC Ltd, Hind Unilever, RIL, Cipla, L&T, M&M, TCS, ONGC and Maruti Suzuki. Infosys, however, gained the most by rising 2.28 per, followed by Sun Pharma, Tata Power, BHEL, Wipro, HDFC Bank, Hero MotoCorp, Bajaj Auto, ICICI Bank, SBI and Tata Motors. Sectorally, the BSE Metal index suffered the most by falling 1.49 per cent, followed by FMCG index (0.96 pc), Power index by (0.78 pc), Infrastructure index by (0.83 pc), Oil & Gas index (0.75 pc), Capital Goods index by (0.63 pc) and Auto index (0.20 pc). Meanwhile, Foreign portfolio investors (FPIs) bought shares worth a net Rs 66.98 crore last Friday, as per provisional data released by the stock exchanges.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

SECOND HALF RANGE CRUCIAL

for Next Week :: (16.03.2015 to 20.03. 2015)

 

NIFTY :: 8648 (- 240)

Planetary Position ::  During the current week Moon would be transiting  from Uttarashadha in Capricorn  to Uttarabhadra in Pisces.

Sun transits in   Poorvabhadra and Uttarabhadra  in Pisces.

Mercury   transits  in       Sathabhisham in Aquarius.

Venus transits in  Aswini in Aries.

Mars transits in  Revathi in Pisces.

Saturn transits in   Anuradha constellation in Scropio sign and in Libra Navamsa and Saturn gets into retrograde motion from 14^th March to 2^nd August, 2015.

Jupiter , in retrograde motion from December 9^th   to 8^th April 2015, transits in  Cancer in Aslesha constellation in Capricorn Navamsa.

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

Nifty’s range from Wednesday to Friday (18^th March to 20^th March) could be considered as the reference range for the next Three weeks and Nifty can be considered Bullish above the high and bearish below the low of this range.

Nifty experienced considerable selling pressure on the week opening day and closing day and closed with a loss of more than 2.5%, most of the loss coming on the last day of the week. Global factors contributed for most of last week’s loss and positive factor such as passage of Insurance bill was ignored by the market. Passage of Land Bill in Lok sabha was also ignored. Marginal rise in inflation was seen as a negative factor for further rate cut. However, recent pas  witnessed two positive news i.e., Rate cut and passage of Insurance Bill ad both were ignored by the markets. When positive news is ignored by the market and leads to selling at higher levels and can be considered as a sign of tiresomeness of Bulls. Hence, need for investing in quality is more now. However, reform measures initiated by the government would take time to yield results and market has run ahead of fundamentals and hence this structural adjustment. Further, weakening crude oil price coupled with reform measures and thrust towards infra sector would rejuvenate growth and propel the economic activity and consequential multiplier effect. However, certain sectors are performing well while certain sectors have been underperforming. Private Sector Banks, Pharma and IT are the outperforming sectors while PSU Banks, Metal stocks are the under performers. Market is optimistic about the future of the economy and is ahead of fundamentals.

Coal allocation would spur economic growth in fields such as Mining and power and would contribute to the GDP growth. Reform measures taken by the Government would go a long way in  improving the macro fundamentals. GST from next year would simplify tax regime and ensure ease of doing business. While Medium / long term outlook appears bright, market appears fully priced from  short term point of view and most of the short term triggers are fully priced in.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8820, 8665, 8490 and 8110 respectively and would

act as supports / resistances. Nifty is above all averages .

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 more than 23.20 which is more than 20% above the long term PE multiple. Nifty EPS fell after Q3 results and the EPS fell from 391 to 373  due to change in weightage of Nifty constituents. Nifty PE, though not in bubble zone, is indicating caution and earnings need to improve substantially over the next Two quarters  failing which a reversion to mean with a serious correction can not be ruled out.

Strong long term support would be around 8110

level and Medium term support is 8500. 

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8670 with

resistance at 8740, 8815, 8850, 8910 and is expected to Bearish below 8625 with Supports at 8560, 8500 8460, 8395.

Nifty could not hold at higher levels / pull back levels and fell sharply on Friday and is close to strong support level of about 8450 and can be expected to take support  around 8450.

Breakout level for the week is 8905,  and break down level for the week is 8575. 

Advice for Traders ::

While Nifty fell sharply last week, particularly on Friday, further fall would take it closer to strong support level of about 8500. However, it would become bullish only when it closes above 8800 in first half of the week and above 8750 in second half of the week. High risk traders can consider long positions between 8400 and 8450 with suitable stop loss. Investors can utilize the opportunity to buy quality stocks in instalmetns.

Weekly Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa