CHINA MARKET CRASHES 8 YEAR LOW

China's share market nose-dived again today plummeting 8.48 per cent to an eight-year low as investors unnerved by the weak economic data on the world's second largest economy dumped their shares to lock in profit despite frantic government efforts to arrest the slide. After a brief rally last week following the USD 3.2 trillion slump, Chinese shares plunged again by 8.48 per cent. It was the worst single-day loss in eight years. The benchmark Shanghai Composite Index plunged 8.48 per cent to close at 3,725.56 points, in the sharpest daily drop since February 27, 2007. The smaller Shenzhen Component Index fell 7.59 per cent to close at 12,493.05 points. Nearly 2,000 shares fell by the 10-per cent daily limit. The plunge ended a six-day rally following government's concerted efforts to arrest the freefall that wiped nearly a third off the value of the market since mid-June. "Historically, it takes time to restore market confidence after such a long period of sharp decline. The market is expected to linger at the bottom for a while before it can stage a sure rally," China Southern Asset Management Company Limited said in a research note. The sharp drop came amid fresh data that showed China's growth continues to face strong headwinds, state-run Xinhua news agency reported. The National Bureau of Statistics said today that profits at major Chinese industrial firms dropped 0.3 per cent year on year in June, down from a 0.6 per cent growth posted in May. The preliminary Caixin China Manufacturing Purchasing Managers' Index (PMI) released on Friday retreated from 49.4 in June to 48.2 in July, the lowest since last April. Today's sudden fall was also a result of investors choosing to lock in profits following last week's rally of around 20 per cent, which was a bit "steep," China Southern Asset Management Company Limited said. Market sentiment has become increasingly fragile following the drastic ups and downs in the previous weeks. The market considers 4,000 points an "important psychological mark" and risks are believed to escalate as the Shanghai index rises above it. The recent crash which drained USD 3.2 trillion capital out of the market bankrupting millions of investors prompting the Chinese government to unveil a slew of measures to prop up the market, including reducing the number of new shares to avoid a shares glut, a police crackdown on short-selling and a six-month ban on big shareholders selling stocks. The government has launched a criminal investigation deploying in police stock regulators office. However, it seems the government orders may not have been carried out by everyone, the report said.

SENSEX SLIPS 551 POINTS ON MONDAY BLUE

The benchmark BSE Sensex found itself on a sticky wicket on Monday, which fell a huge 551 points to 27,561.38, an over 5-week low, amid fears over stricter norms on participatory notes (PNs) and a Chinese stock rout. Nifty met with the same fate, down 161 points. There was heavy selling all around as investors went around booking profits following a SIT report that Sebi should do more to identify end beneficial owners of P-Notes (PNs) and restrict their transfer. Market players felt the move would hit investments. PNs are a popular offshore derivative instrument used by overseas investors to invest in Indian stocks. Other Asian markets did no better, which ended in the red due to worries that China is headed for a sharp slowdown despite the government's efforts to revive it. The Shanghai Composite plunged as much as over 8 per cent. Further weakness in the rupee against the dollar made things worse. Starting lower, the 30-share gauge broke below the crucial 28,000-level before ending at 27,561.38, down 550.93 points, or 1.96 per cent, its biggest single-day fall since June 2. 

The NSE Nifty slipped below the 8,400-mark to settle at 8,361, down 160.55 points, or 1.88 per cent. Intra-day, it shuttled between 8,351.55 and 8,492.20. Tata Steel lost most (5.17 per cent), followed by Hero MotoCorp.
Of the 30-share Sensex pack, 29 ended lower. Only Bajaj Auto gained. Sectorally, shares of metal, capital goods, banking, power, realty, auto, oil and gas and IT all suffered losses. Broader markets mid-cap and small-cap indices didn't escape the selling pressure, which closed lower 1.38 per cent and 1.07 per cent, respectively. Globally, Hong Kong's Hang Seng closed 3.09 per cent lower while Japan's Nikkei slumped 0.95 per cent. European markets slid for the fifth day.

INVESTORS LOOSE Rs. 1.5 LAKH CRORES

Massive selling in the stock market wiped out Rs 1.50 lakh crore from total investor wealth at the BSE today as sentiments turned bearish on worries that the stricter norms for participatory notes may hit foreign investments. Besides, a sharp 8 per cent decline in Chinese stocks on worries that their economy is heading for a sharp slowdown added to the sell-off in domestic equities. Total investor wealth of BSE-listed companies plummeted by Rs 1,50,994.8 crore to Rs 1,02,62,579 crore.

SENSEX IN 3 MONTH HIGH

The BSE benchmark Sensex today not just turned things around, but did it in style when it ended the day up 323 points, its highest close in more than three months. The splendid show was primarily driven by bargain hunting in beaten-down stocks, including Sun Pharma, up 3.35 per cent.
"Indian stocks swung back as yesterday’s falls were deemed overdone, and investors hunted for value amid the price falls. It also helped that proposal to amend the Land Bill so as to give more flexibility to states was seen favourably," said Anand James, Co Head Technical Research Desk, Geojit BNP Paribas. There was considerable improvement in sentiment with the adoption of a select committee report on GST Bill by the Upper House of Parliament during the trading hours. Progress of rains and softer oil prices meant RBI gets enough headroom to consider a policy rate cut, which pushed up buying activity. Fresh buying, especially in refinery, banking, auto, power and metal provided further momentum. 

The 30-share Sensex took some early blows mainly due to initial selling, but quickly shaped up before settling the day at 28,504.93, up 322.79 points, or 1.15 per cent. It had lost 281.17 points, or 0.99 per cent, in the past two days. The broader 50-share Nifty played along, surging 104.05 points, or 1.22 per cent, to 8,633.50. The closing for both the benchmark indices is the highest since April 16. Of the 30 constituents, 22 ended with gains. Reliance Industries was the top gainer (4.26 per cent) while M&M, Sun Pharma, Bajaj Auto and HDFC too advanced.

In stark contrast, Lupin, TCS and Bharti Airtel suffered major losses. Talking sectorally, oil and gas, banking, auto and power took the centre-stage. Broader markets too aligned with the trend, with the BSE small-cap and mid-cap indices registering gains of 0.86 per cent and 1.30 per cent, respectively, on fresh buying from retail investors. Pramit Brahmbhatt, CEO, Veracity Group, said, "Local equities traded strong and added over one percent for the day. Indices gained mainly with the help of blue-chips which traded positively on value buying of shares." Most Asian stocks ended lower today tracking subdued corporate earnings numbers in the US while European stocks traded down.

KFC MEALS IN INDIAN RAILWAY

People travelling in trains can now enjoy KFC's meals on board as the fast food chain has tied up with IRCTC to start a delivery system for passengers. Now a person travelling on train can order KFC meal, while booking ticket through IRCTC from July 20 onwards, under e-catering service initiatives, KFC said in a statement. Presently, this facility is available only on 12 trains passing through New Delhi railway station. However, it will be expanded to Vishakhapatnam, Hyderabad (Kacheguda) and Bangalore (Yeshwantpur) stations over the next 10 days, the statement added. "Consumers will have to visit the IRCTC website or call on 18001034139 (Toll Free) to place their order. A password will then be sent by KFC to the consumer’s mobile phone which will have to be mentioned at the time of delivery," it said. The service will initially be limited to trains which do not have pantry cars and subsequently would be expanded to trains like Rajdhani and Duronto. E-catering service is a joint effort from KFC and IRCTC to provide fresh food to the passengers on trains. "As a much-loved restaurant brand, we think that this initiative gives us a great opportunity to bring the craveable taste and quality of KFC to our fans, even when they are travelling. We intend to expand the service to other stations over the next few days," KFC India Chief Marketing Officer Dhruv Kaul said. KFC Corporation is a subsidiary of Yum! Brands and has 19,400 outlets in 120 countries.

RBI TIGHTENS NOOSE FOR CREDIT CARDS COMPANIES

The Reserve Bank today asked banks to levy any late payment penalty on credit card customers, or report them to credit information companies, only if the payment has been due for more than three days.
For banks, RBI said they can treat a credit card as non preforming asset if the 'minimum amount due' has not been paid within 90 days from the due date.
To bring in greater credit discipline as also to provide operational flexibility to credit card issuers, RBI said the 'past due' status of a credit card account for the purpose of asset classification would be reckoned from the payment due date mentioned in the monthly credit card statement. "Consequently, in case of banks, a credit card account will be treated as non-performing asset if the minimum amount due, as mentioned in the statement, is not paid fully within 90 days from the payment due date mentioned in the statement," RBI said in a notification. It further asked banks to report a credit card account as 'past due' to credit information companies (CICs) or levy penal charges, such as late payment charges only when a credit card account remains 'past due' for more than three days. The number of 'days past due' and late payment charges should be, however, computed from payment due date mentioned in the credit card statement, it added. In credit card accounts, the amount spent is billed to the card users through a monthly statement with a definite due date for repayment. Banks give an option to the card users to pay either the full amount or a fraction of it or a minimum amount on the due date and roll over the balance to the subsequent month's billing cycle.

JOB FOR MONEY OR PASSION

MONSTER SURVEY SAYS IT IS PASSION

Compensation does not seem to be the only criterion for job satisfaction in India, as only 17 per cent of the people in a survey have stated that they work for money, while 83 per cent opted to work for passion, says Monster.com.
"In today's age there are two types of employees - one for whom compensation is the criteria for job satisfaction and the other segment who pursue their passion to make careers; irrespective of pay," Monster.com Managing Director (India) Sanjay Modi said.
The revelation from Monster's poll is that the first segment is only 17 per cent as compared to the latter (83 per cent), he added.
According to the survey, 56 per cent of the respondents could not find a job that meets their passion and only 13 per cent of the respondents consider themselves fortunate to follow their passion in their current job.
Understanding this situation, Monster is launching 'Love What You Do' - a campaign that aims at provoking and inspiring people to love what they do and pursue their passion.
The campaign is launched with the vision to take the next step towards more happiness in work and more integration of passion with work life.
"With this campaign, we hope to act as an enabler pushing passion to skills and helping people find better jobs by bringing meaning to their life. Any job can be yours as long as you love what you do. Many have found theirs. Find yours," Modi added.

GREAT MARKETING MISTAKES IN NANO

RATAN TATA REGRETS

Admitting that Tata Group made a "bunch of mistakes" in the sales and marketing of Nano, iconic business leader Ratan Tata today said branding it as the 'cheapest' rather than most affordable car was the greatest flaw that distanced people from it. "Nano was made to reach out to people, (but) it never has. It is meant to be reachable throughout India with our dealerships. But we made our bunch of mistakes," Tata Sons Chairman Emeritus said during in an interaction with students of Great Lakes Institute of Management during its 11th Convocation here. He said that the biggest mistake was getting the car branded as cheapest rather than most affordable. "...And that had a negative impact on the car in the market, people did not want to be seen in the cheapest car and I think that has been our greatest deficiency that has disenabled the car to perform what it was trying to do," he said. Tata said Nano was designed by a group which had an average age of 25 or 26 and added that it was an exhilarating exercise of trying to produce an affordable car that could be purchased for a lakh of rupees. The launch of the vehicle was success far beyond expectation, he said. "Unfortunately, the lessons we learnt were perhaps to look more carefully at a situation where we had an aggressive head of government , somebody talk of Bengal Tiger, but it is (actually a) Bengal Tigress," he said in apparent reference to to his company's decision to pull out its proposal to locate the Nano manufacturing plant at Singur in West Bengal due to political opposition.
"During that year we lost a lot of excitement over the new product. We gave our competitors an opportunity to make some stories about us," he said.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

LAST WEEK LOW, SIGNIFICANT SUPPORT.!!!

NIFTY :: 8335 (-150)

Oversold … Tecchnical Pullback

Nifty having gained  on all the Three weeks, it had corrected for  at least  One week. Reference for  Astro month is the range between  Monday to Thursday (8562 and 8332),

Nifty lost during the week because of global cues and    . Market needs to trade above the last week*s Low   to confirm this  pattern.,   

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8312, 8262, 8322 and 8515 respectively and would act as supports / resistances. Nifty is trading  above  most of   the  averages , particularly below 200 DMA, which is a matter of concern.

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

Technical Levels For the coming week

- Bullish above 8460 with resistance at 8535, 8600, 8675

- Bearish below 8255 with Supports at 8175, 8100, 8075

- Breakout level 8650 and the Breakdown level 8250... 

Advice for Traders

However, While the long term trend is bullish, Medium term would once again turn bullish only if Nifty is able sustain above 8550. If Nifty / scrips sustain above Friday’s Low  level, Friday’s low level could offer strong support for short term for a reasonable pullback.

Nifty had corrected for One week after Three weeks, it could once again see an uptretrend for One Week.

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

Planetary Position

- Moon would be transiting  from Rohini in Taurus  to  Pushyami in Cancer, . .

- Sun transits in Punarvasu in 3^rd Pada  to Punarvasu 4^th PAda in Cancer.

- Mercury   transits  in  Aardra 3rd Pada Punarvasu 3^rd Pada.  . ..

- Venus transits in  Makha 2nd Pada.

- Mars transits in  Aardra in 4^th   Pada   and Punarvasu 1^st Pada.

- Saturn transits in   Anuradha constellation in Scropio sign in 1^st Pada  and in Leo Navamsa and remains in  retrograde motion from 14^th March to 2^nd August, 2015.

- Jupiter ,, transits in  Cancer in Aslesha constellation in    Pisces  Navamsa to Makha 1^st PAda.

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

eMUDHRA LAUNCH eSING SERVICES

eMudhra Limited, a leading certifying firm in the country for digital signatures, today launched eSign services. eSign is an online electronic signature service which can facilitate an Aadhaar holder to digitally sign a document within seconds. The signatures generated by eSign are legally valid and secure under the Information Technology Act, 2000, the company said. As part of the Digital India Vision, Prime Minister launched eSign services in the country on July 1.
eSign can "revolutionise" the way business and governance is conducted in the country and pave the way for a digital transformation into a paperless environment, eMudhra said in a statement. The firm which claims to be the first to start eSign services has also launched eMlocker -- eMudhra’s Digital Locker.
By using eMlocker along with eSign, one can store documents such as PAN cards, Aadhaar cards, electricity bills or any other documents electronically. One can also sign and attest them using eSign and send to anybody, it said.
Commenting on the development, eMudhra Limited Chairman V Srinivasan said, "the Government's digital India initiative is transformational and eMudhra is proud to be the first eSign service provider in the country as part of this vision. eMudhra’s eSign and eMlocker will bring a paperless revolution in India."
The eMlocker can be accessed at www.emlocker.com. Initially, its service are free for the users for unlimited number of document downloads and uploads with free eSign.

JUNE 2nd BEST MONTH FOR MF INFLOWS

The net inflows into country's equity mutual fund in June stood at Rs 123 billion (USD 1.92 bn), which is the second-highest into equity MFs ever, Deutsche Bank-equity research-Asia said. The June net inflows are second only to Rs 137 billion (USD 3.5 bn) seen in January 2008. Cumulative net inflows of the past 14 months of Rs 1,041 bn (USD 17 bn) have now surpassed cumulative inflows of the preceding 12 years between January 2002-April 2014 (Rs 934 bn) in nominal terms. In addition, this is the first instance of 14 straight months (May 2014-June 2015) of net inflows, it said. As a consequence of strong inflows and valuation effect, the assets under management (AuM) for equity funds (Equity+ELSS) in June 2015 has shot up to a record level of Rs 3,723 bn (USD 58.3 bn). In addition, the share of equity AuM in the overall mutual fund AuM has risen to 32 per cent against 20 per cent in April'14, it said. As a corollary, the share of debt AuM (fixed income+liquid+gilt) in overall AuM has contracted to 64 per cent against 77 per cent in April 2014, the report said. Net buying of domestic MFs in June 2015 at Rs 94.5 bn (USD1.5 bn) was the highest monthly equity investment by MFs since at least April 2007. Strong investments by MFs coupled with the third straight month of investments by domestic institutional investors (DIIs) ex-MF (chiefly insurance companies) was instrumental in resilience of Indian equity in June 2015 with Sensex holding steady at -0.1 per cent during the month, while Asian peers such as China-A, China-H, Indonesia, and Taiwan were down anywhere between 4 per cent and 7 per cent during the month, it said. Over the past 14 months, while equity MFs have witnessed net inflows of USD 17 bn, they have in turn invested a cumulative USD 10.3 bn into equities, implying an approximate cash accretion of USD 6.7 bn (before dividend payout) during this period. "We believe that the incremental cash accretion, coupled with any further inflows should provide a safety net for Indian equities as and when FII flows from EM pull back in response to Fed liftoff," the report said. "While the case for structurally sustainable inflows into equity MFs remains intact, in 2HFY16 equity MF inflows may abate, primarily due to a robust pipeline of tax-free bonds amounting to Rs 400 bn (USD 6.3 bn). "However, given the strong undercurrent in the transition of household savings from physical to financial assets (underpinned by sustainable positive real interest rate), we believe that such moderation may be short-lived," it hoped.

INDIA RANKING EXPERIENCE A BIG JUMP THIS YEAR

With required measures being taken to improve 'Ease of Doing Business' in the country, the Commerce and Industry Ministry is expecting a significant improvement in India's ranking this year. This year, the ministry expects that India's ranking in the World Bank's Ease of Doing Business report would be in the range of 95 to 105 from the current 142 out of 189 countries, a senior official said, adding India aims to feature among top 50 in the next three years. Although, there has been some changes in the methodology to calculate the rankings,"we are expecting a healthy improvement", the official added. The World Bank's report will come by around October. The official said that during that time, the government would take more measures in this regard. "Within one week, the Department of Industrial Policy and Promotion (DIPP) will circulate a set of recommendations to 14 central ministries and Delhi NCR and Maharashtra. We are suggesting action points and timelines for every steps," the official added. All those steps have been discussed comprehensively during the two-and-a-half day workshop with World Bank officials. The DIPP would circulate those suggestions to all other states as that will help them in improving India's ranking because they are the ones responsible for implementation of schemes. The World Bank report considers three things while ranking countries - processes, cost and time. The nine parameters which is being considered by the bank to prepare the report includes starting a business, construction permits, getting electricity and water connections, enforcement of contracts and resolving insolvency. During the workshop, concerns have been raised over two main fronts - enforcement of contracts and resolving insolvency. As per reports, India's judicial system takes on an average 1,420 days to resolve a commercial dispute. On the other hand, countries which have high ranking, takes only 4 to 6 months time. The official said that India can improve in this area by way of increasing number of courts, filling the vacancies of judges and setting up fast-track courts. Further to deal with the problem of insolvency, Finance Minister Arun had said the government will unveil a comprehensive Bankruptcy Code. The government has taken a series of steps to improve ease of doing business that include having a timeline for clearance of applications, de-licensing the manufacturing of many defence products and introduction of e-Biz project for single window clearance. Improvement in the ranking will help in attrcating both foreign and domestic investments.

CONFIDENCE LEVELS IN INDIA CONTINUE TO RISE

The confidence level in India continues to grow amid indications of slower growth ahead for the Asia-Pacific region, said a report by global rating firm Standard & Poor's.
Weaker global trade and a Chinese economy still weighed down by the property sector suggest slower growth ahead for the Asia-Pacific region, said the report - 'Asia-Pacific Could Be Entering A Steady State Of Slower Growth'.
It added however that the Asia-Pacific growth story is not all gloom and doom though.
"In India, confidence continues to rise despite concerns about investment quality. Our forecasts of 7.4 per cent growth for 2015 and 8.2 per cent for 2016 are the highest in the region," it said.
Also, the pace of activity is picking up in Japan, and agency said it has raised its forecasts to 0.9 per cent for 2015 and 1.3 per cent for 2016.
"China's property market correction continues to be the region's main risk," said Paul Gruenwald, S&P's Asia-Pacific chief economist. "But some signs of stabilisation are appearing following an increasingly forceful policy response."
Growth forecasts for China in 2015 and 2016 remain unchanged at 6.8 per cent and 6.6 per cent respectively, with the risks still slanted toward the downside, he said.
The report also said that the incipient recovery in the US, particularly for durable goods consumption, has yet to lead to a sustained export bounce in Asia-Pacific.
Gruenwald noted that "the large drop in oil prices has paid only limited growth dividends" for the region, despite its heavy external energy dependence.
The BSE index Sensex today plunged 483.97 points, its biggest single-day fall in over a month, to end the day below the 28,000 mark at 27,687 on heavy selling. The rupee lost ground, which closed at 63.60 against dollar, down 14 paise. Gold too lost some of its sheen.
Brokers attributed the sharp fall in financial markets to the sell-off in Asian bourses after a Chinese stock market rout rattled investors as the deadline looms for Greece to seal a deal with its international creditors.

SENSEX CRASH ON CHINESE AND GREEK WOOS

Stock market benchmark Sensex today tumbled over 483 points, its biggest fall in over a month, to settle below the 28,000-level as rout in Shanghai shares and fears of Greek's eurozone exit rattled investors.
With investors indulging in widespread selling, including in metal and auto shares, the NSE benchmark Nifty also crashed below 8,400-point mark. A fresh weakness in the rupee against the US dollar also dampened the trading sentiment, equity brokers said. Investor sentiment was badly hit following a major sell-off in other Asian markets with a nearly 6 per cent crash in Shanghai despite additional measures announced by the government to shore up the tumbling market, they added. 

The 30-share index commenced lower and dipped below the psychological 28,000-mark to touch a low of 27,635.72 before ending at 27,687.72, a fall of 483.97 points, or 1.72 per cent.
This is the biggest one-day fall of the Sensex since a plunge of 661 points recorded over a month ago on June 2.
Selling was widespread in the market, which pulled down all the sectoral indices by up to 3.89 per cent.
The broader NSE Nifty also succumbed to all-round selling and slipped below the 8,400-mark to close the session 147.75 points, or 1.74 per cent, to close at 8,363.05. Intra-day, it hovered between 8,457.50 and 8,341.40.

Chinese stocks sink

Continuing their freefall despite government measures, China's stocks tumbled sharply today as investor confidence shattered by the recent USD three trillion losses led to share-dumping to prevent further losses. The benchmark Shanghai Composite Index sank 5.9 per cent to finish at 3,507.19 points while the Shenzhen Component Index slumped 2.94 per cent to close at 11,040.89points. Losers outnumbered winners by 690 to 12 in Shanghai, and by 609 to 146 in Shenzhen. More than 1,000 shares on the two bourses dived by the daily limit of 10 per cent. More than half of the roughly 2,800 companies listed in Shanghai and Shenzhen had suspended trading as of today to avoid further losses, state-run Xinhua news agency reported. Yesterday a total of 203 listed companies suspended trading. All industry groups lost ground, with aviation manufacturing, medical care, internet and transportation companies plunging by the daily limit of 10 per cent, the report said. With the benchmark Shanghai stock index falling more than 30 per cent from June peak, Chinese government has unveiled a raft of supportive measures to prop up the market, but the efforts have done little to halt the decline so far. It also ordered an inquiry to determine the reasons into precipitous fall. Market analysts say that the losses since last few weeks amounting to an estimated USD 3.2 trillion were unprecedented. The wave of listed companies seeking a suspension in trading comes at a time when Chinese have been suffering considerable losses over the past several weeks, state-run Global Times reported. On Monday, Chinese Premier Li Keqiang said in a speech that China is confident and able to deal with the risks and challenges faced by its economy. A series of unprecedented emergency rescue measures were implemented over the weekend, such as the suspension of the IPOs of 28 companies, allowing 21 Chinese brokerages to invest 120 billion yuan (USD19.3 billion) in blue-chip exchange- traded funds (ETFs) and Central Huijin, a unit of China's sovereign wealth fund, vowing to buy A-shares. However only a limited number of blue-chip companies were able to directly benefit from the funds. Today the government said Chinese insurance companies will be able to invest up to 10 per cent of their assets in a single "blue chip" stock, up from the previous five per cent. Meanwhile, the state-backed China Securities Finance Co will "increase" stock purchases of small and medium-sized companies, with liquidity support from the country's central bank. Separately, China's state asset regulator ordered the country's centrally administered state-owned enterprises (SOEs) not to sell shares in their listed companies amid "abnormal market volatility".

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

During the current week Moon would be transiting  from  Sathabhisham   in Aquarius   to  Aswini in Aries. . . .

Sun transits in Aardra in 4thPada to Punarvasu 3^rd Pada in Gemini. ..

Mercury   transits  in  Mrigasira in 4th Pada   and Aardra 2^nd Pada . ..

Venus transits in  Makha 1st Pada.

Mars transits in  Aardra in 1st  Pada   and Aardra in 2^nd Pada,

Saturn transits in   Anuradha constellation in Scropio sign in 1^st Pada  and in Leo Navamsa and remains in  retrograde motion from 14^th March to 2^nd August, 2015.

Jupiter ,, transits in  Cancer in Aslesha constellation in    Pisces  Navamsa  .

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

Nifty gained on all the Three weeks, it is due for correction for atleast One week.

Astro month for  the month is the Monday to Thursday i.e., 06^th  Monday to 9^th Thursday., The ramge between the above Two days is the reference range . ,

Nifty Outlook for Next Week :: (06.07.2015 to     10.07.2015) …  

NIFTY :: 8485 (98)

(Overbought …   Tecchnical Drawback …)

Nifty gained on  Four  days  and   . Market needs to trade above the last weeks high  to confirm this  pattern.,  Greece referendum would be key for Monday .

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8215, 8280, 8347 and 8515 respectively and would act as supports / resistances. Nifty is trading  below all  the  average , particularly below 100 DMA, which is a matter of concern.

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

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8500 with

resistance at 8575, 8650, 8725  and is expected to Bearish below 8150 with Supports at 8075, 8000, 7925.

Breakout level for the week is 8550,  and break down level for the week is 8100... 

Advice for Traders ::

However, While the long term trend is bullish, Medium term would once again turn bullish only if Nifty is able sustain above 8550. If Nifty / scrips sustain above Friday’s high level, Friday’s low level could offer strong support for short term for a reasonable pullback.

Since Nifty is above Three weeks, that is due for a correction.

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

HOME MADE FOODS MOST PREFERRED

From desi ghee to ladoos to pickles, Indian students prefer to pack home made food items when they travel abroad for studies, says a survey.
The survey, done by the airline Virgin Atlantic, found that 'ghar ka khana' (home made) such as ladoos, pickles, desi ghee and spices were among the most preferred items carried by students going to study overseas.
"Food is an important item that students like to carry abroad. The most popular include mangoes, instant noodles and ready to eat food packs. Food apparatus like roti maker and other utensils are a must carry too," it said.
Other items that find their way into their luggages include bicycles, folding mattresses, dumbbells, selfie sticks, ayurvedic medicines and soft toys.
The findings are based on a survey of about 200 students who travelled in Virgin Atlantic for studying overseas, mostly in the US and the UK.

IDAM KAUTILYAM LAUNCH PROGRAMME

GARIKAPATI NARASIMHARAO ON IDAM KAUTILYAM

BSNL MOBILE WALLET "SPEED PAY"

State-run operator BSNL today launched a pre-paid card linked mobile wallet service which would allow its customers to transfer money, pay for services as well as withdraw cash of up to Rs 1 lakh.
The wallet service, Speed Pay, allows a customer to load money even if he does not have a bank account.
The money loaded in the mobile wallet can be transferred to a bank account and even withdrawn at bank branches or at BSNL outlets.
Telecom Minister Ravi Shankar Prasad inaugurated the wallet service here today.
"I remember when after becoming minister, we were giving presentation of Department of Posts to the Prime Minister, the PM asked that can people of UP, Bihar, who work in Kerala and Tamil Nadu, transfer money to their poor mothers? " .... I am happy that today we have taken significant initiative in that direction," Prasad said.
"Loading money into wallet from a bank account is an option. BSNL customers, who don't have bank accounts, can also load money by visiting any BSNL retail outlet and ask the retailer to recharge their mobile wallet account and pay for various services," BSNL Chairman and Managing Director Anupam Shrivastava said.
The money loaded in the mobile wallet can be transferred from mobile phone to a bank account and even withdrawn at bank branches or at BSNL outlet, he said. BSNL has launched the service in partnership with IT company Pyro.
"There will be 1 per cent transaction charge if money from wallet is transferred by a person to other bank accounts or a there is cash withdrawal. There are no other charges for other services. Daily cash withdrawal limit is Rs 5,000 and for full Know Your Customer compliant person it is Rs 1 lakh," Pyro CEO Paritosh Reddy said. Pyro has partnered with money transfer technology firm Visa which enables Speed Pay card holder to purchase goods both offline and online, like a debit card, where Visa based transactions are accepted. "We have tied up with Andhra Bank and Corporation Bank to facilitate this service. We are in advance talks with Punjab National Bank and Bank Of India to expand its scope. At present top up facility is available across 1,000 BSNL outlets in Andhra Pradesh and in three months we will expand it to 45,000 outlets in AP," Reddy said. BSNL Speed Pay card service will be available in Karnataka, Kerala and Tamil Nadu by the end of September, he said.
BSNL also launched entertainment service BSNL Buzz in partnership with Celltick. Under this service, BSNL customer using the feature on smartphone can subscribe to various contents like news, jokes, contest etc for Rs 10 per month. The service also deliver location based information services in seven languages-- Hindi, English, Bengali, Tamil, Malayalam, Kannada and Telugu.

SENSEX RECLAIMS 28000 MARK

The benchmark BSE Sensex today rose by 147 points to regain 28,000-mark, largely driven by gains in banking, capital goods and FMCG stocks on renewed buying interest by foreign investors and higher government spending. Market sentiment was largely optimistic following upbeat comments from the Reserve Bank Governor Raghuram Rajan. In a statement yesterday, Rajan said the economy is picking up and was in a recovery phase and also the country can withstand any crisis emerging from the Greek fallout. Strengthening of rupee, which climbed to nearly two-month high also bolstered confidence. Meanwhile, to improve farm productivity, the government has decided to spend Rs 50,000 crore over the next five years under the Pradhan Mantri Krishi Sinchai Yojana (PMKSY). "Markets shut on a strong note adding buying till the last leg on the optimism that Greece crisis will be resolved and it will not impact much on Indian equities. Renewed buying from foreign investors after the last month selling too boosted sentiment," said Gaurav Jain, Director of Hem Securities. As per provisional data, foreign investors bought shares worth Rs 575.3 crore yesterday. Despite better start, bourses turned rangebound amid bouts of profit taking at higher levels tracking weak Asian European cues as well as some caution due to Sunday's Greek referendum hovering the sentiment. After a hesitant start, the 30-share Sensex regained the 28,000-mark to hit the day's high of 28,135.43 before settling at 28,092.79, a recovery of 146.99 points or 0.53 per cent. The 50-share broader Nifty surged 40.00 points or 0.47 per cent to close at 8,484.90 after hovering between 8,497.75 and 8424.15 during the session. On weekly basis, Sensex and Nifty has gone up by 280.95 points (1.01 per cent) and 103.80 points (1.23 per cent), respectively, completing their third straight weekly gain. "Government’s announcements on agri sector caps cap a positive week for Indian market, which has seen economic data showing improvement in capex and core sector growth, and also key project announcements from the government," said Anand James, Co Head Technical Research Desk at Geojit BNP Paribas. Asian equities today ended mixed on the back of dismal US employment data overnight with Shanghai market tumbling 6 per cent on market regulatory probe following recent crash.