Caution at Higher Levels.... !!!

Nifty Outlook for Week 01.02.2016 to 05.02.2016

NIFTY :: 7564(+ 142)

Nifty after trading  in a small range for most part of the week, it finished the week with good gains on the last day of the week, being first day of new Derivative settlement.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7536, 7710, 7844 and 8094.  respectively and would act as  resistances as. Nifty is trading  below most of   the Moving Averages.

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

Technical Levels ::

Bullish above 7635 with resistance at  7700, 7775,7850

Bearish below 7480 with Supports at 7410, 7335, 7260

Breakout level 7700 : Breakdown level 7450

Advice for Traders ::

Nifty is moving in a tight range with Bullish bias.  Nifty is likely to be better in First half of the week and could give up some of the gains in Second half.

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

Planetary Position...

Moon would be transiting  from  Swathi 4 th   Pada    in Libra    to  Moola 4 th Pada in Sagittarius.

Sun transits in   Sravana 3 rd   Pada in Capricorn to Sravana 4 th   Pada  in Capricorn.

Mercury transits in  Poorvashadha 3 rd   Pada in Sagittarius   to Poorvashadha 4 th   Pada in Sagittarius.

Venus transits in  in P Shadha 1 st Pada    to  P Shadha 3 rd  Pada in Sagittarius.

Mars transits in   Visakha 1 st    Pada in Libra.

Saturn  transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa .

Jupiter , gets into Retrograde motion and transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .  

Towards  the end of the last  week, Rahu and Ketu  changed  Raasis to Leo and Aquarius.

NDA PERFORMANCE ABOVE AVERAGE

The performance of BJP-led government has been rated "above average" in an opinion poll released today but the rating of Prime Minister Narendra Modi is higher than that of his government.
In the opinion poll conducted by ABP News-Nielsen, 46 per cent of the respondents rated the government as very good or good but Modi got a higher rating of very good or good from 54 per cent of those polled.
According to the opinion poll, if the Lok Sabha elections were to be held tomorrow, NDA is likely to get 38 per cent vote share which will give it 301 seats as against 339 seats in May 2014 polls.
The Congress-led UPA is likely to get a vote share of 28 per cent which will give it 108 seats compared to 62 seats in the previous elections, it said.
The poll said the BJP is likely to get 43 per cent of the vote share and the Congress 14 per cent with Aam Admi Party(AAP) bagging four per cent of the votes, bigger than any other regional players.
The survey conducted to understand the "mood of the nation" shows that around 47 per cent of respondents think that Modi's popularity is decreasing day by day but 45 per cent of the respondents think otherwise.

INVESTORS LOST 7.9 LAKH CRORES IN JAN

Weak trend in the equities have made investors poorer by Rs 7.9 lakh crore since the beginning of the month as sentiment remained muted amid global growth worries and sharp dip in oil prices. The BSE 30-share Sensex has plummeted by 1,631.59 points or 6.24 per cent to 24,485.95 so far this month. The index had hit its 52-week low of 23,839.76 on January 20. Tracking the extreme weakness in the stock market, the total investor wealth of firms listed at BSE plunged by Rs 7,96,903 crore to Rs 92,40,831 crore from Rs 1,00,37,734 crore at the end of December 31. "The weakness in Chinese economy and falling crude prices have taken a toll on markets across the world, in the past couple of weeks. The resultant outflows of funds from India have impacted domestic markets also," said Dipen Shah, Senior Vice-President & Head of Private Client Group Research, Kotak Securities. Overseas investors have pulled out more than Rs 9,900 crore from the Indian equity markets since the beginning of the month due to global growth concerns and sharp dip in oil prices. Sentiment was hit mostly by renewed global sell-off on worries driven by volatility in crude oil, which slid below USD 28 per barrel, concern over the health of the Chinese economy, while domestic economy also contributed the fall with rupee slumping over 28-month low, along with muted earnings of some of the corporates. In 2015, the benchmark Sensex fell by 1,381.88 points, or 5 per cent after gaining nearly 30 per cent in 2014. However, shrugging-off weak trend in stocks, the total market valuation of firms listed on the BSE rose by Rs 2 lakh crore in 2015, mainly helped by a host of new listings at the bourses last year.

Small stocks take big hit in New Year

Small and mid-cap indices of the BSE have underperformed compared to their bigger peer so far this month, as the two indices fell up to 10 per cent, against over 6 per cent decline in the 30-stock Sensex. While the mid-cap index plunged by 8.52 per cent to 10,217.05, losses were more sharper in the small-cap index which fell by 9.62 per cent to 10,697.91. In comparison, the benchmark Sensex dropped by 6.24 per cent to 24,485.95. The index hit its one-year low level of 23,839.76 on January 20. The mid-cap index too touched historical low of 9,892.36 on January 20. Market experts said that small and mid-caps tend to suffer more during times of uncertainty. Sentiment in the domestic market was hit mostly by renewed global sell-off on worries driven by volatility in crude oil which slid below USD 28 per barrel, concern over the health of the Chinese economy, while domestic macroeconomy also contributed the fall with Rupee slumping over 28-month low, along with muted earnings of some of the corporates. On Dalal Street, it was minnows who ruled in 2015 as mid-cap and small-cap stocks beat their blue-chip peers for the second year in a row with an average return of up to 7.4 per cent. In 2015, the BSE benchmark Sensex fell by 1,381.88 points, or five per cent, after gaining nearly 30 per cent in 2014. "Currently, investors are in a wait and watch mode as going forward global triggers will shape the market direction as per the outcome of Fed and BoJ meet this week," said Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services Ltd. Market players say smaller stocks are generally bought by local investors, while overseas investors focus on blue-chips. The mid-cap index tracks companies with a market value that is on an average one-fifth of blue-chips or large firms. Small-cap firms are almost a tenth of that.

STOCK EXCHANGES BE INFRA Cos

Capital markets regulator Sebi today said stock exchanges and depositories will be classified as infrastructure companies in order to effectively implement the provisions of listing norms for the bourses. The move comes close on the heels of Sebi approving new set of norms for the listing of stock exchanges. In a notification, the capital markets watchdog said that stock exchanges and depositories will be classified as infrastructure companies under Sebi Regulations. The new norms will come under the Sebi (Issue of Capital and Disclosure Requirements) Regulations, 2016. Under the new regulations for the listing of stock exchanges, bourses would need to take steps for maintaining 51 per cent of shareholding under public category and ensuring that holding of trading members, associates or agents does not exceed 49 per cent. A mechanism would need to be put in place providing for approval of the listed stock exchange as and when holding of trading members/associates/agents reaches 45 per cent. The new norms provide that to ensure compliance that every shareholder be 'Fit and Proper', all applicants in the IPO or Offer For Sale will be required to make declaration to this effect at the time of making application. 

OCEANS TO HAVE MORE PLASTICS THAN FISH BY 2050

Oceans will have more plastics than fish by 2050 if the ongoing practice of dumping plastics continues, says a report. In the report, the World Economic Forum (WEF) has said every year at least 8 million tonnes of plastics leak into the ocean, which is equivalent to dumping the contents of one garbage truck into the ocean every minute. "If no action is taken, this is expected to increase to two per minute by 2030 and four per minute by 2050," it noted. Citing studies, the WEF report said plastic packaging represents the major share of the leakage and the best available research estimates that there are over 150 million tonnes of plastics in the ocean today. "In a business-as-usual scenario, the ocean is expected to contain 1 tonne of plastic for every 3 tonnes of fish by 2025, and by 2050, more plastics than fish (by weight)," it said. The report has been prepared as part of Project MainStream -- a collaboration between the Ellen MacArthur Foundation and the WEF with support from McKinsey & Company. According to the findings, the use of plastics has increased twenty-fold in the past half-century and is expected to double again in the next 20 years. Most plastic packaging is used only once and 95 per cent of the value of plastic packaging material worth USD 80-120 billion annually is lost to the economy, it added. The report has suggested steps to have an effective after-use pathways for plastics, drastically reducing leakage of plastics into natural systems, especially oceans, and finding alternatives to crude oil and natural gas as the raw material of plastic production. WEF Head of Public-Private Partnership Dominic Waughray said the report demonstrates the importance of triggering a revolution in the plastics industrial ecosystem and is a first step towards showing how to transform the way plastics moves through the economy. "After-use plastics could –- with circular economy thinking -– be turned into valuable feedstock. Our research confirms that applying those circular principles could spark a major wave of innovation with benefits for the entire supply chain," McKinsey Center for Business and Environment's Martin R Stuchtey said. Generally, a circular economy refers to an economy that aims to keep materials at their highest value at all times. 

INDIA AMONG TOP 5 MOST PROMISING ECONOMIES

India has emerged as one of the five most promising markets for businesses globally as it offers one of the best opportunities for both domestic as well as global companies, says a survey.
According to the annual global CEO survey of consultancy giant PwC released here at the WEF Annual Meeting, the top five markets considered as most important for overall growth prospects by the respondents are USA, China, Germany, the UK and India.
"India, which has continued to do well under Prime Minister Narendra Modi's pro-business government, is now among CEOs' five most promising overseas markets," said the survey which covered 1,409 CEOs spread across 83 countries.
It further noted that the confidence level among Indian CEOs remains higher than the global average although they have also become less confident since last year about the growth prospects of their own companies.
As per the findings, CEOs are less optimistic about prospects this year and those who think global growth would improve over the next 12 months have declined to 27 per cent from 37 per cent seen in 2015.
Further, those who think the situation would worsen have increased to 23 per cent from 17 per cent.
"Against this tide of pessimism, CEOs in India (64 per cent), Spain (54 per cent) and Romania (50 per cent) stand out as more optimistic," it said.
PwC India Chairman Deepak Kapoor said CEOs in India have given strong indication of general uplift in sentiments by showing much more confidence than their global counterparts when it comes to revenue growth for their companies.
"Recent policy reforms and a consequent pick up in investment and the government's aim to boost infrastructure are also playing a role in boosting CEO confidence," he noted.
However, Kapoor said the CEO community continues to be concerned by lack of infrastructure and over-regulation.
As many as 90 per cent of the Indian CEOs cited inadequate basic infrastructure as a major threat and 80 per cent mentioned exchange rate volatility and 77 per cent cited over-regulation.
"Of business threats, 81 per cent stated availability of key skills, 79 per cent stated speed of technological change, 78 per cent stated bribery and corruption," the survey said.
"With India as the fastest growing large economy in the world, it offers one of the best opportunities for both Indian and global companies in a world that is still coming to terms with a slower growth paradigm and increasing geopolitical uncertainty," he added. 

MARKETS BLEED ON GLOBAL WOES

SENSEX TANKS 418 POINTS ; NIFTY BELOW 7,400 

Corrected 20 % from Alltime High

ALLTIME HIGH SENSEX - 30,024, NIFTY - 9119 

Market benchmark Sensex resumed its downward spiral today by nosediving 418 points to close at over 20-month low of 24,062.04, tracking massive sell-off in global indexes on growth worries, while oil again dipped below the USD 28-level. With this, the index has fallen to the weakest level since since May 16, 2014, the day the new government won a landslide mandate in general elections. The rupee, meanwhile, breached the 68-mark during intraday against the dollar for the first time since September 4, 2013. 

The 30-share Sensex after opening lower at 24,325.77, continued to slide and cracked the 24,000-mark to hit a low of 23,839.76. However, on fag-end buying, the index managed to close above 24,000-level at 24,062.04, still down 417.80 points or 1.71 per cent. The gauge had gained 291.47 points in the previous session backed up by value-buying in select blue-chips. The NSE Nifty after cracking the crucial 7,300-mark, settled 125.80 points or 1.69 per cent down at 7,309.30. Intra-day, it shuttled between 7,241.50 and 7,470.90. Markets fell on persistent foreign fund outflows and sustained selling by retail investors, tracking weak trend in Asian and European indexes and oil prices again falling below USD 28 a barrel after International Monetary Fund slashed its global growth forecast. Shares of heavyweight Reliance Industries today fell by 3.76 per cent to close at Rs 1,004.35 despite posting its highest-ever quarterly net profit of Rs 7,290 crore for the three months period ended December. Other prominent laggard among the 30 Sensex stocks were Adani Ports, SBI, Coal India, Maruti Suzuki, Tata Motors, Tata Steel, NTPC, ONGC, ICICI Bank and Hind Unilever. Out of the 30-share Sensex pack, 27 fell, while only Bajaj Auto, Hero MotoCorp and Wipro managed to eke out minor gains. Sectorwise, BSE realty index suffered the most by falling 3.49 per cent, followed by metal 3.08 per cent, PSU (2.66 pc), power (2.39 pc), banking (2.35 pc) and oil&gas (2.31 pc). In broader markets, small-cap index fell by 2.04 per cent, while mid-cap ended 2.01 per cent lower. Among other Asian markets, Shanghai ended 1.03 per cent down, Hong Kong's Hang Seng dived 3.82 per cent, while Japan's Nikkei ended 3.71 per cent lower. European markets slide to a 13-month low on investor concern over global growth prospects. 

Investor wealth dips by Rs 1.84 lakh crores

Investor wealth today diminished by Rs 1.84 lakh crore amid massive sell-off in the equity market following weakness in global indices due to growth worries. The benchmark BSE Sensex tumbled 417.80 points or 1.71 per cent to end at 24,062.04 points. With this, the index has fallen to the weakest level since May 16, 2014, the day the new government won a landslide mandate in general elections.Following weakness in stocks, the market capitalisation of BSE-listed companies fell by Rs 1,84,086 crore to Rs 90,64,734 crore.
The NSE Nifty after cracking the crucial 7,300-mark, settled 125.80 points or 1.69 per cent down at 7,309.30.

UP AND DOWN
Bajaj Auto, Hero MotoCorp and Wipro, however, ended with moderate gains.
Sectorwise, BSE realty index suffered the most, followed by metal, PSU, power, banking and oil&gas.
At the BSE, 2,105 stocks declined, while 511 advanced.
137 stocks remained unchanged.
Tracking the weak sentiment in the stock market, 194 stocks hit their 52-week lows on the BSE.

 

RUSSIAN CURRENCY @ ALL TIME LOW

The ruble hit a historic low today as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the shock plunge of the Russian currency in December 2014. After a day of relative calm, the ruble resumed its downward spiral, breaking through the previous record low it hit on December 16, 2014, as oil prices, key to Russia's economy, test 12-year lows. The ruble was also trading at 87.6 against the euro as Asian and European markets suffered another rout. Gas and oil account for more than a half of the Russian budget revenues. "The market will be generally driven by global economic sentiment, which does not exactly look hopeful at the moment," Alfa Bank said in a note to clients today. In December 2014, the Russian currency crashed to unprecedented lows, trading at over 80 rubles to the dollar and 100 to the euro. Western sanctions over the Kremlin's support for the separatist insurgency in Ukraine have all but closed access to foreign borrowing for Russia and exacerbated the crisis. The worsening economic outlook amid falling oil prices presents a serious challenge for President Vladimir Putin, whose pact with voters has been based on years of economic stability and relative prosperity. The International Monetary Fund yesterday downgraded its forecast for Russia, predicting that the country's economy would contract by 1 per cent this year. The IMF warned that slower Chinese growth, a stronger US dollar, the collapse in oil prices and political turmoil could all wreak further havoc in struggling economies like Russia's. Prime Minister Dmitry Medvedev has said that while the government will seek to honour its social obligations, it will have to "considerably cut" spending. Igor Nikolayev, director of the FBK Grant Thornton Institute of Strategic Analysis, said the plunge in the ruble did not bode well for the economy as it exacerbated financial risk, leading to lower investment. "Even an ordinary person already understands - if the ruble falls, prices will grow and life will become harder."

WORLD ON OIL FIRE

The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to the market offsetting any production cuts from other countries, the IEA said today. "Can it go any lower?" the International Energy Agency asked in its monthly oil market report. "Unless something changes, the oil market could drown in over-supply. So the answer to our question is an emphatic yes. It could go lower." The oil price this week hit lows not seen in 12 years, and is currently trading at or below 29 dollars per barrel. Iran's return to the oil market, a major reason for continued price weakness, has probably not been fully factored into prices yet, the IEA warned, contradicting many financial analysts. "Iranian barrels are likely to back out similar quality sour crude from Saudi Arabia, Iraq and Russia - so producers are likely to become ever more competitive on the pricing front," the IEA said. Iran is facing "the not inconsiderable challenge" of finding buyers willing to take more oil into an already glutted market, the IEA said. "However, if Iran can move quickly to offer its oil under attractive terms, there may be more 'pricing in' to come," it said. Even under the sanctions regime, Tehran did everything it could to ensure the country's oil sector is prepared for higher output as it strives to reclaim its spot as OPEC's second biggest producer after Saudi Arabia, a post now occupied by neighbouring Iraq, the IEA added. Iran's projected 600,000 barrels per day (bpd) production boost following the end of sanctions will offset production cuts from non-OPEC producers which are also estimated at 600,000 bpd. These production cuts are the only "bullish side" for the oil market, the IEA said, with most other factors conspiring to keep the oil price under pressure. Growth in world demand for oil, which rose more than most years this century in 2015 before being drowned in over-supply, is expected to ease off. Worldwide demand for oil is now expected to rise by 1.3 percent in 2016 to 95.7 million barrels of oil, a sharp slowdown after a 1.8 percent increase in 2015.  

DELHI AIRPORT TO HAVE LARGEST CHARKHA ON DISPLAY

The world's largest wooden charkha, spinning wheel used mainly for cotton, will soon be on display at the international airport in the national capital. Charkha is closely associated with Mahatma Gandhi who had used it to symbolise India's self-reliance during independence struggle. Khadi and Village Industries Commission (KVIC) would be installing the wooden charkha at Terminal 3 of the Indira Gandhi International Airport here. In a press release today, KVIC Chairman V K Saxena said display of the "world's largest charkha" at the capital's busiest airport will inculcate the feeling of Indianness and Swadeshi among the travellers. The charkha would be 9 metres (27 feet) in length and 5 metres (15 feet) in height.
KVIC said charkha is the symbol of the country's independence and 2016 is also the centenary year of the arrival of Mahatma Gandhi from South Africa. Last week, during a meeting between Saxena and GMR Chief Executive Officer I Prabhakara Rao, it was decided to allot space for the charkha at departure forecourt between Gate No 4 and 5 of Terminal 3. The airport is operated by GMR group. "KVIC will install the charkha in one month's time which will be viewed by approximately 1,50,000 passengers every day at Terminal 3," the release said.

HEFTY DIVIDENDS FROM BSE LISTED Cos

At least 73 of the top 500 BSE-listed companies together can potentially pay additional Rs 20,000 crore as dividend to investors since most of them have large cash balances, says a report. Proxy advisory firm IiAS today said there are at least 73 companies that can potentially return cash to its shareholders by way of dividends or buybacks. The conclusions are based on a study of the companies' financials for fiscal 2015. Noting that at least 73 of the S&P BSE 500 companies can double the amount of dividends, IiAS said they can pay more than Rs 20,000 crore more. "Incremental dividend payout from the 73 companies could aggregate Rs 213 billion, equivalent to the amount these 73 companies actually paid out in FY 15 (Rs 213 billion)," it said in a report. According to IiAS, dividend payouts have steadily risen over the last few years for S&P BSE 500 companies and that amount has outpaced growth in net profits over the past five years. "Median dividend payout ratios increased to 24 per cent in FY 15 from 21 per cent in FY 10. Dividends, in absolute amounts, have grown at a CAGR of 14 per cent, while profits have grown at a more modest 7 per cent CAGR between FY 10 and FY 15," it noted. For the study, out of the S&P BSE 500 companies, many entities were filtered out based on various criteria, including exclusion of banks and non-banking financial companies. According to the proxy advisory firm, distributing excess cash to shareholders on a regular basis helps companies demonstrate their confidence to continually generate earnings in future and show that the earnings are real. "Higher dividend payouts increase shareholder interest in the stock and, to that extent, makes fund raising easier," the report added.

DAVOS...NOT ONLY ECONOMIC CENTRE... THE MEDICAL TOURISM SPOT

Home to the annual talkathon of the rich and powerful from across the world for over four decades, this Swiss resort town has its own history of being a place of eminence for medical tourism as also for winter sports. With the annual five-day powwow of business and global leaders beginning under the aegis of World Economic Forum (WEF), the small alpine town is buzzing with top CEOs and others who matter in black business suits and the police and army people in orange-and-blue dress posted to provide security for such a large-scale event. Still, the streets are not totally devoid of usual skiing enthusiasts and some tourists devouring the rich history of this small Swiss town on snow-capped Alps. Once famous for being a summer health resort, Davos has gradually emerged as a major winter sport hub on Alps, but its biggest claim to fame for the past four decades has been World Economic Forum's Annual Meeting every January, beginning 1971. The Geneva-based WEF is hosting its 46th Annual Meeting here beginning today, wherein more than 2,500 leaders from across the world including 50 heads of government are expected to indulge in a high-profile talk fest for five days. To cover this global elite jamboree, there are nearly 1,000 journalists and support staff as well. While such a high-profile event leads to all hotels and rental apartments being occupied, the die-hard winter sport fans still throng this place as WEF week also means relatively smaller crowds in ski areas and on mountain cableways. The only drawback for tourists is that they cannot stay within the town, which has less than 10 medium-sized hotels and about 40 small ones including near-by areas like Klosters and Dorf. Besides, the so-called WAGs (wives and girlfriends of those attending WEF meet) are also around in large numbers on ski circuits and at various tourist destinations of the town that comprises two big parallel roads and numerous connecting alleys. Davos' history as a modern and popular holiday destination dates back to 150 years ago in 1865 when first winter guests arrived here. Till then, it was just a summer mountain health resort with a strong reputation for treatment of tuberculosis patients.

One day in February 1865, Doctor Friedrich Unger and Hugo Richter from Germany arrived here and began a course of treatment on a bed made from a hay sled covered with boards. The treatment rapidly proved successful and both men were able to return to work. Soon after, Doctor Friedrich Unger returned to Davos and worked as a doctor here for over 20 years. Hugo Richter married a Davos girl and took over the management of a guest house here. Later, he also moved his publishing business to this small town and began printing two local newspapers. Another feather in its cap is Davos being home to Ernst Ludwig Kirchner, who spent his last 20 years in this town, which is full of many of his finest paintings. Besides a museum devoted to Kirchner's work, his paintings can be seen anywhere and everywhere in Davos. Towards the end of his life, Kirchner suffered a major nervous breakdown and spent his last days in a sanatorium in Davos. This is the same sanatorium that inspired Noble laureate Thomas Mann's classic novel 'The Magic Mountain'. Davos' annual affair with WEF began in 1971 when the Forum was known as European Management Forum and that year WEF founder Klaus Schwab invited over 400 European business leaders for a meeting at Davos Congress Centre under the patronage of European Commission. Subsequently, WEF was formed and leaders from across the world began congregating in Davos at the end of January every year. Over the years, WEF Annual Meeting in Davos grew larger and larger and has been host to many historic accords and meetings, including one draft agreement on Gaza and Jericho between the then Israel Foreign Minister Shimon Peres and Palestine Liberation Organisation Chairman Yasser Arafat in 1994. In 1988, Greece and Turkey also signed their "Davos Declaration" here, which saw the two countries avoiding a war, while North and South Korea held their first ministerial level meetings in Davos in 1989 -- a year that also saw German chancellor Helmut Kohl here discussing German reunification and then the knocking down of Berlin Wall. In the past 46 years, only once WEF has held its Annual Meeting outside Davos when in 2002 it decided to shift the venue to New York to show solidarity with that city and the American public after the 9/11 terrorist attacks. India's presence has also been increasing at the Davos meeting, during which hundreds of Indians can be seen strolling on its narrow roads, one of which has been hosting an 'India Adda' for many years. Since last year, it has been renamed Make In India lounge to showcase the flagship programme of Prime Minister Narendra Modi, but regulars still prefer to call it by the old name of India Adda.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Market might turn Bullish in Second Half.... !!! 

Nifty Outlook for Next Week :: (18.01..2016 to 22.01.2016) …  

NIFTY :: 7437(-164)

Nifty traded in a small range with bearish bias  bias due to global cues and lost about 2.10% .

Nifty is Bearish but clearly oversold and could have clear pull back.  If  Nifty is  expected to face support around 7350 and Resistance around 7605 and in case it bounces either side, it is likely  to have a wild swing.

Mercury and Jupiter are in retrograde motion. Nifty’s Range between 13.1.16 and 15.1.16 was 7427 and 7605 and closed nearer to the lower end ie. at 7437. In case it closes below 7400, it would turn further Bearish. On the other hand, in case it closes above 7605,it would become Bullish for short term.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7743, 7788, 7894 and 8154.  respectively and would act as  resistances as. Nifty is trading  below all   the Moving Averages.

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

Week Technical Levels ::

Breakout level 7610 and the Breakdown level 7350 . . .

Bullish above 7510 with resistance at  7580, 7630,7700

Bearish below 7360 with Supports at 7300, 72225, 7150

Advice for Traders ::

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

Planetary Position...

- Moon would be transiting  from  Bharani 2 nd    Pada    in Aries    to  Aardra 4 th Pada in Gemini.

- Sun transits in   Uttarashadha 3 rd    Pada in Capricorn to Uttarashadha 4 th    Pada  in Capricorn

 

- Mercury transits in  Poorvashadha 4 th   Pada in Sagittarius   to Poorvashadha 3^rd    Pada in Sagittarius. Mercury     gets into Retrograde motion from 5^th evening to 25^th.where in market  would experience dual movement.Since Mercury has crossed 50% of Retrograde motion period, it might become Bullish

- Venus transits in  in Jyeshta 4 th   Pada  in Scorpio  to  Moola 2^nd Pada in Sagittarius.

- Mars transits in   Swathi  3^rd   Pada in Libra  to Swathi 4 th   Pada in Libra.

- Saturn  transits in  Jyeshta 1 st Pada in Scropio sign .

- Jupiter , gets into Retrograde motion and transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .  

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

LEARN CHINESE THROUGH MOBILE APP

How about learning Chinese while playing a game on your smartphone!! Well it is now possible to learn basic Chinese with a new application available for mobile phones irrespective of their operating systems be it android, windows or the iOS. The application, 'Ehuayu' is a game-based, mobile Chinese language teaching software and contains the most commonly used basic spoken Chinese and phrases. Developed by Su Yue Fei, the application has been launched in major English speaking countries like America, Singapore, and Hong Kong, Philippines, India and of course China. Fei says that since everyone uses mobile phones for the smallest of their needs, it is an easy and convenient way to learn basic Chinese through games while one is playing games on mobile. "Most of the youngsters are now using mobile phones for various purposes. So I thought of developing an app which would help them learn Chinese. We waste a lot of our time by playing games on our smartphones. This application helps us enjoy the game as well teach you Chinese at the same time and also it is very convenient, Su Yue Fei said. The app contains professional practices of the most commonly used phrases and sentences in daily life, travel, inquiry, weather, date, shopping, greetings, family use language, career and business terms. The application, which took five years to develop can be downloaded free of cost from the playstore on android, google store and appstore. "If you have nothing to do and you are getting bored, you can download this application free of cost from the playstore and learn the basics of the language," Fei added. The application helps identify the characters written in Chinese and also has the voice facility available for the people to get the pronunciation of the words in Chinese correctly. The maker wants to promote the application and has a view to develop it in Chinese to Hindi and other foreign languages. "We are just trying to advertise the application at this moment and would further take it to higher level for the people to learn Chinese in an easier way and faster. There are ideas to launch it only from Chinese to Hindi and other foreign languages," Fei said. The working of the application is being taught to the people at the World Book Fair being held here.

US ECONOMY VERY STRONG

Describing America as the strongest and most durable economy, President Barack Obama today rejected as "political hot air" the assessment by many that the world's largest economy is on decline. "The talk of America's economic decline is political hot air. Well, so is all the rhetoric you hear about our enemies getting stronger and America getting weaker. The United States of America is the most powerful nation on Earth," Obama said in his eighth and final State of the Union Address to the Congress. Obama claimed that though "a lot of Americans feel anxious", the current state of the American economy is not in decline. "We spend more on our military than the next eight nations combined. Our troops are the finest fighting force in the history of the world. No nation dares to attack us or our allies because they know that's the path to ruin," he said. "Surveys show our standing around the world is higher than when I was elected to this office, and when it comes to every important international issue, people of the world do not look to Beijing or Moscow to lead – they call us," Obama said. Referring to the record number of new jobs created under his administration, Obama said the US right now has the strongest, most durable economy in the world. "We're in the middle of the longest streak of private- sector job creation in history," he said. "Anyone claiming that America’s economy is in decline is peddling fiction. What is true – and the reason that a lot of Americans feel anxious – is that the economy has been changing in profound ways, changes that started long before the Great Recession hit and haven't let up," Obama said. For the past seven years, he said the goal of his administration has been a growing economy that works better for everybody. "We've made progress. But we need to make more. And despite all the political arguments we've had these past few years, there are some areas where Americans broadly agree," he argued. In his speech, Obama tried to reignite the great American spirit of innovation and entrepreneurship to meet the challenges being faced by the country – from climate change to terrorism and economy. "How do we reignite that spirit of innovation to meet our biggest challenges?" Obama said. "Sixty years ago, when the Russians beat us into space, we didn't deny Sputnik was up there. We didn't argue about the science, or shrink our research and development budget. We built a space programme almost overnight, and twelve years later, we were walking on the moon," Obama reminded his countrymen and members of the Congress.