HIGH VOLATALITY

SENSEX ENDS BY 152 Pts LOSS

A clutch of tax proposals in the Budget 2016 gave the market some anxious moments as the benchmark Sensex today reeled under heavy losses but recovered just in time to end lower by over 152 points on some buying support from domestic institutions. Sentiment was hit mainly by a proposal for a higher dividend distribution tax on those earning more and a one on raising securities transaction tax in some categories. Jaitley proposed 10 per cent tax on dividends above Rs 10 lakh and raising securities transaction tax (STT) to 0.05 per cent from 0.017 per cent.
Putting all speculation to rest, Finance Minister Arun Jaitley today chose to play safe and opted for fiscal prudence by proposing to keep the deficit at 3.5 per cent of GDP in 2016-17.
There were sharp fluctuations throughout though, with the market swinging as much as close to 850 points. Intra-day, it tanked nearly 660 points.
Soon after, buzz of a rate cut by RBI grew louder and helped improve sentiment.
The 50-share Nifty cracked below the 7,000-level. A senior Finance Ministry functionary said the Budget can not be dictated by the markets. "It is high time the North Block stopped looking at markets to see whether the Budget is good or bad," he added. The BSE Sensex started on a higher note and ended at 23,002, a fall of 152.30 points, or 0.66 per cent. On the Budget day in 2015, the Sensex had gained 141.38 points. The NSE Nifty ended at 6,987.05, down 42.70 points, or 0.61 per cent. It hovered between 7,094.60 and 6,825.80. "In the near term, the setbacks are PSU banks' recapitalisation of Rs 25,000 crore is below estimate, hike in STT for F&O options, DDT for HNIs, no reduction in tax for corporates and no draft about introduction of GST," said Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services. Auto companies saw selling pressure and fell up to 4.88 per cent after Jaitley proposed to levy an infrastructure cess of up to 4 per cent on various categories of vehicles. Major losers were Maruti Suzuki, Tata Motors and M&M.
Cigarette stocks, led by ITC, too reeled, plunging by up to 8 per cent as excise duty on various tobacco products other than beedi was raised by about 10-15 per cent in the Budget. Mood got a lift after a budgetary allocation of nearly Rs 36,000 crore for the farm sector and a higher credit target aimed at doubling farmer incomes in five years.
In the agriculture segment, Kaveri Seed Company and Rallies gained big, but Jain Irrigation and Monsanto India succumbed to profit-booking and ended lower.
Besides, the government's plan to defer implementation of the General Anti-Avoidance Rule (GAAR) from April 1, 2017 had a positive impact, they said. Among Sensex losers, ONGC, BHEL, Infosys, L&T, Axis Bank, HUL, Wipro, Adani Ports, Sun Pharma, Cipla, TCS, Asian Paints, NTPC and Coal India fell by up to 9.72 per cent. As many as 20 out of the 30-share Sensex pack lost while 10 led by ICICI, HDFC Bank, RIL, Lupin and HDFC rose. Among BSE sectoral indices, infrastructure fell by 2.12 per cent, followed by IT 2.11 per cent and technology 2 per cent, while capital goods tripped 1.99 per cent, consumer durables 1.75 per cent and oil and gas 1.50 per cent. Other Asian indices ended in the negative zone while Europe was trading lower. 

Sensex down for 8th time in 10 yrs

With a fall of over 150 points in benchmark Sensex on the Budget Day today, this is the eighth time in last 10 years that the markets have suffered losses on the most important listed economic event of the year.

- In 2015, the Sensex had gained 0.48 per cent - recording its first rise on a Budget day in 4 years.

- In the previous three sessions on Budget 2014, 2013 and 2012, the index had ended lower.

- Prior to that in 2011 and 2010, markets had gained 0.69 per cent and 1 per cent, respectively.

- Sensex had witnessed a sharp fall of 5.83 per cent in 2009 when Budget was presented.

- Markets saw a similar fate in the previous two years, with a fall of 1.37 per cent and 4 per cent in 2008 and 2007, respectively.

- In 2006, the blue-chip index had gained 0.85 per cent.

PETROL PRICE CUT BY Rs.3/-

Petrol price was today cut by Rs 3.02 per litre, but diesel rates were hiked by Rs 1.47 a litre - the second increase this month in line with global trends.
Petrol in Delhi will cost Rs 56.61 per litre from midnight tonight as against Rs 59.63.
A litre of diesel, however, will cost Rs 46.43 a litre as compared to Rs 44.96 per litre, according to Indian Oil Corp (IOC), the nation's largest fuel retailer.
This is the 7th straight reduction in price of petrol. Petrol price was last cut on February 18 by 32 paisa a litre.
On diesel, this is the second increase in rate this month. The price were hiked by 28 paisa a litre last time.
Prior to that revision, fuel rates were revised on February 1 when petrol price was cut by a marginal 4 paise a litre and diesel by 3 paise a litre after the government raised excise duty to take away most of the benefit arising from fall in international oil prices.
The government had raised excise duty on petrol by Re 1 a litre and that on diesel by Rs 1.50 to mop up additional Rs 3,200 crore during the remainder of the current fiscal.
This was the fifth hike in excise duty since November that cumulatively gave the government Rs 17,000 crore in additional revenue. The five levy hikes total to Rs 4.02 per litre on petrol and Rs 6.97 on diesel.
"The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant decrease in price of petrol and increase in price of diesel, the impact of which is being passed on to the consumers with this price revision," IOC said in a statement.
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) revise rates of the fuel on 1st and 16th of every month based on average oil price and foreign exchange rate in the preceding fortnight. The revision was due on February 16 but the retailers chose to defer it by a couple of days.
"The movement of prices in the international oil market and Rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," IOC added. 

ASTRO TECHNICAL GUIDE FOR NIFTY

Forenoon Session Weak… !!!   

for Tues day, 01.03.2016 ::
Astro Info:: Tithi :: Magha Bahula Sapthami ,

Nakshatra ::  Anuradha  (Moon in Scorpio) .

Persons   born in     Bharani, Pubba and P Shadha constellations and
Sagittarius and Aries   Zodiac signs are advised to be alert in their
dealings.
Sensitive / Trend change Timings for the day ::10.40am,1.30 pm;

Likely Intraday Trend
On the basis of planetary position and aspects amongst planets,Market is expected to open generally subdued to weak and remain steady there after  and recover after 12.45 pm.,

Astro Technical Trading Strategy

After 9.30am,   if Nifty fut trades  below  the Open Price /ATP , Short  positions  can be taken with  High  level  as stop loss and such positions may be closed by about 11.00am., IF after 1.00 pm, if Nifty trades above ATP, long positions can be taken to closed by about 3.00pm.

Open level is important for intraday trading and generally, intraday
short positions are suggested  below   Day’s open level only and vice
versa.

Stop loss is a must for intraday trading.

Technical Levels

Resistance around 7050, 7110 and Support  around  6930, 6870. 

CPSEs NET PROFIT PLUNGE 20 %

The overall net profit of CPSEs decreased by 19.71 per cent to Rs 1,03,003 crore during 2014-15 compared with Rs 1,28,295 crore in the previous fiscal, the Public Enterprises Survey said today. The overall loss of CPSEs rose 28.20 per cent rose to Rs 27,360 crore in 2014-15 as against Rs 21,341 crore in the previous year, the survey tabled in Parliament said. ONGC, Coal India, NTPC, National Mineral Development Corporation and Power Finance Corporation were the top five profit-making CPSEs during 2014-15. On the other hand, Bharat Sanchar Nigam Ltd, Air India, Mahanagar Telephone Nigam Ltd, Hindustan Photo Films Manufacturing Company and Mangalore Refinery and Petrochemicals were the top five loss-making CPSEs. However, the total investment (equity plus long-term loans) in all CPSEs stood at Rs 10,96,057 crore as on March 31, 2015 compared to Rs 9,92,096 crore as on March 31, 2014, recording a growth of 10.48 per cent. The total turnover/gross revenue from operation of all CPSEs during 2014-15 stood at Rs 19,95,902 crore compared to Rs 20,66,057 crore in the previous year showing a reduction in turnover of 3.40 per cent. The contribution of CPSEs to Central Exchequer by way of excise duty, customs duty, corporate tax, interest on Central Government loans, dividend and other duties and taxes decreased from Rs 2,20,982 crore in 2013-14 to Rs 2,00,585 crore in 2014-15, showing a decline of 9.23 per cent. Moreover, CPSEs employed 12.91 lakh people (excluding contractual workers) in 2014-15 compared to 13.49 lakh in 2013-14, showing a reduction in employees by 4.30 per cent. Out of 298 CPSEs under the administrative control of various ministries/departments, 235 were in operation and 63 were under construction up to December 2015. 

ASTRO TECHNICAL GUIDE FOR NIFTY

for Monday, 29.02.2016 ::

Budget Proposals crucial for market… !!! 

Astro Info:: Tithi :: Magha Bahula Shashti (Upto 1.48pm)

Nakshatra ::  Visakha  (Moon in Libra)

Persons   born in     Aswini, Makha and Moola  constellations and Scorpio and Pisces  Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::10.55am,1.00 pm; 2.20pm,

Likely Intraday Trend for 29.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally steady   and remain crucial from 11 am to 1 pm and remain the way the budget proposals are considered by the market.

Astro Technical Trading Strategy for the day

After 11:00am,   if Nifty fut trades  below  the Open Price /ATP , Short  positions  can be taken with  High  level  as stop loss and such positions may be closed by about 1.00 pm.

Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Stop loss is a must for intraday trading.

Technical Levels

Resistance around 7090, 7150 and Support  around  6970, 6910  for the day.

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.


Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and applied depending on the realtime market movement.  Technical portionand astrological portion given above should be considered together and applied for taking proper trading decisions.

ASTRO TECHNICAL GUIDE FOR NIFTY

(for Thurs day, 25.02.2016)

Forenoon Better and Bearishness in the Closing Hour
Astro Info:: Tithi :: Magha Bahula Thadiya

Nakshatra ::  Uttara   & Hastha (Moon in Virgo) .

Persons   born in    Aardra, Swathi and Sathabhisham  & Punarvasu, Visakha and P Bhadra constellations and Libra and Aquarius  Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::12.22 PM, 2.40 PM

Likely Intraday Trend for 25.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally steady and remain upto 12.20pm and remain with dual movements thereafter (bearish movement in the last One hour). Being last day of F&O clearing scrip wise movements are most likely.

Astro Technical Trading Strategy

After 9.30am,   if Nifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 12.15. After 1.30pm, if Nifty is trading below ATP, Short positions may be taken with a Stop loss of about 20 points and to be closed by about 3.15 pm.

Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.
Stop loss is a must for intraday trading.

Technical Levels for the day

Resistance around 7080, 7140 and Support  around  6950, 6900

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.

SENSEX CRASHES 321 POINTS

Markets reeled for the second consecutive day as the benchmark Sensex today plunged by over 321 points, with no let-up in selling by foreign investors ahead of the Union Budget and oil trying to find its bottom. Derivative contracts are set to expire tomorrow, which also held back investors. Fund managers are closely tracking the Railway Budget, which is due tomorrow, while the Economic Survey is slated for Friday. The Union Budget for 2016-17 is set to be presented on Monday. Asian shares fell, reflecting the weakness in crude oil prices, which went down further after major producer Saudi Arabia said no to any production cut in the near future in an already-oversupplied market. The 50-share NSE Nifty failed to hold on to the crucial 7,100-mark as it lost 90.85 points, or 1.28 per cent, to end at 7,018.70. The weak European and US macroeconomic data only fed to the nervousness. The 30-share Sensex, which started the session on a weaker note, plunged 321.25 points, or 1.37 per cent, to 23,088.93 at the close -- a nearly two-week low. The barometer had lost 379 in yesterday's trade. "The nearing of F&O expiry and the Budget are keeping the domestic market volatile. India is currently under-performing compared to other emerging markets due to the uncertainty regarding the Union Budget," said Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services. As many as 23 Sensex stocks closed with losses, including BHEL, NTPC, Tata Motors, HDFC and ICICI Bank. However, Bharti Airtel, M&M, Asian Paints, Hindustan Unilever, Axis Bank, RIL and Infosys managed to register gains. The metal index bled the most, down 2.62 per cent, followed by healthcare (1.72 per cent), capital goods (1.67 per cent), banking (1.36 per cent) and PSU (1.29 per cent). The broader markets cut a sorry figure too, with BSE small-cap falling 1.15 per cent and mid-cap shedding 0.79 per cent. Foreign portfolio investors (FPI) sold shares worth a net Rs 289.66 crore yesterday, according to provisional data. Overseas, most Asian and European indices declined, tracking the overnight sell-off in the US after oil prices moved south.

GLOBAL CRUDE PRICE DOWN 2/3, PETROL DOWN ONLY 16 %

A litre of petrol cost Rs 71.41 in May 2014 when international oil was at USD 106.85 per barrel but even after over two-third fall in global rates, the price of petrol has witnessed only 16 per cent decline and remains at Rs 60 per litre. In a written reply to a question in Rajya Sabha, Oil Minister Dharmendra Pradhan today said the basket of crude oil that India buys averaged USD 106.85 per barrel in May 2014 and this month it is averaging at USD 29.80. Petrol in May 2014, when BJP-government took office, was priced at Rs 71.41 per litre and now it is priced at Rs 59.95 a litre, he said. Similarly, diesel cost Rs 55.49 a litre in May 2014 and this month it is available at Rs 44.68 per litre. Pradhan said since May 2014 the government has raised excise duty on petrol by Rs 12 per litre and by Rs 13.77 a litre on diesel. Excise duty on petrol on May 1, 2014 was Rs 9.48 per litre and today it is Rs 21.48 a litre. Similarly, the same on diesel was Rs 3.56 a litre and this month it is Rs 13.77 a litre. While the price reduction in petrol between May 2014 and February was Rs 11.46 per litre, the government mopped up Rs 12 a litre in excise duty. Similarly, the reduction in diesel price has been Rs 10.81 a litre but excise duty has risen by Rs 13.77 per litre. "Retail selling price (RSP) of petrol and diesel in the country are based on their respective international prices and oil marketing companies (OMCs) are at present applying Trade Parity Pricing methodology to compute the RSP," Pradhan said. Other cost elements in the RSP of petrol and diesel viz excise duty, BS-IV premium, marketing cost and margins are specific costs which do not increase/decrease with the volatility in international prices, he said. "The element of excise duty which is specific in nature has been increased," he said, adding that most of the state governments also have increased VAT on petrol and diesel. Prices of petrol and diesel have been made marked determined effective June 26, 2010 and October 19, 2014, respectively. "Since then, the public sector oil marketing companies (OMCs) take appropriate decision on pricing of petrol and diesel in line with their international price and other market conditions," he added.

ASTRO TECHNICAL GUIDE FOR NIFTY

for Wednes day, 24.02.2016 ::

Forenoon Better… !

Astro Info

Tithi :: Magha Bahula Vidiya

Nakshatra ::  Uttara   (Moon in  Leo)

Persons   born in    Aardra, Swathi and Sathabhisham   constellations and Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::1.40pm, 3.20pm

Likely Intraday Trend for 24.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally better and remain so till about 1.30pm and could resort to profit booking thereafter.

Astro Technical Trading Strategy

After 9.30am,   if Nifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 1.15 / 1.30pm.,  After 2pm, Short positions can be taken (if it trading below the ATP) with Stop loss of about 20 points) and may be closed by end of the day.

Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Stop loss is a must for intraday trading.

Technical Levels for the day

Resistance around 7170, 7230 and Support  around  7050, 6990

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.


Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and applied depending on the realtime market movement.  Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.

SENSEX & PSU STAKE SALE Stock market down for 17th time

In a strange pattern getting repeated for the 17th time, the stock market benchmark Sensex today turned negative amid a robust response to the share sale for a public sector company.
In contrast, there have been only three occasions in the past when the Sensex has registered a gain on a day of Offer For Sale (OFS) by a PSU.
The Sensex today plummeted by 378 points, even as the OFS for the stake dilution by the government in NTPC got fully covered for the non-retail shares on offer. Retail investors will get a chance to bid tomorrow.
Some experts justified the divergent trend saying the money gets diverted towards the OFS whenever a good PSU hits the market to sell its shares and selling pressure emerges in the broader market.
Other said however that the divergence shows lack of financial depth in the Indian stock markets.
An earlier OFS for stake sale in NTPC in 2013 had also seen similar trends in the market, while same has been the case for various other PSUs starting with stake sale in energy giant ONGC way back on March 1, 2012, when the Sensex fell by nearly 169 times that day.
According to an analysis of the performance of PSU share sale and stock market trend, broader markets also took a hit on the days of stake sale in IOC, Dredging Corporation, PFC, CIL, Sail, ITDC, STC, Hindustan Copper, NFL, MMTC, SAIL, Nalco, Oil and NMDC.
This trend was defied only three times when EIL, REC and RCF hit the market with their stake sale programme.
Engineers India Ltd's share sale on January 29, saw the Sensex surging by 400 points.
Power sector lender REC's stake sale on April 8 last year, saw the markets rising by over 190 points and Rashtriya Chemicals and Fertilizers OFS on March 8, 2013, witnessed the index gaining 270 points.
NTPC is the sixth PSU to hit markets with an OFS in the current fiscal.
So far this fiscal, government has raised over Rs 13,300 crore through disinvestment in five PSUs -- EIL, Indian Oil Corp, PFC, REC and Dredging Corporation. This is against a target of Rs 69,500 crore for 2015-16. 

ASTRO TECHNICAL GUIDE FOR NIFTY

MID SESSION BETTER
Astro Info:: Tithi :: Magha Bahula Padyami

Nakshatra ::  Pubba   (Moon in  Leo) .

Persons   born in    Mrigasira, Chitta and Dhanishta constellations and Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.05am,1.10pm,

Likely Intraday Trend
On the basis of planetary position and aspects amongst planets, Market is expected to remain steady in the opening session and recover between 11.05am to 1.10pm and to remain steady thereafter.

Astro Technical Trading Strategy

After 11 am,   if Nifty fut trades  above the Open Price/ above Average Traded Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 1.00pm.

Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Stop loss is a must for intraday trading.

Technical Levels for the day

Resistance around 7290 ,  7350 : Support  around  7170, 7110

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.


Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and applied depending on the realtime market movement.  Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.

SMALL STOCKS TAKE BIGGER HIT IN RECENT FALL

Small and medium companies of BSE have taken a bigger hit compared to their bigger peers amid extreme weakness in the broader market as the two indices has cracked by up to 16.5 per cent against 9 per cent decline in the 30-stock Sensex so far this year. While the mid-cap index fell by 12 per cent to 9,802.77 points, losses were more sharper in the small-cap index which plunged 16.56 per cent to 9,876.53. In comparison, the benchmark Sensex dipped by 9.22 per cent to 23,709.15. The index touched its 52-week low of 22,600.39 on February 12. The mid-cap and small-cap indices also hit their all-time low mark of 9,393.15 and 9,400.37, respectively, on February 12. Sentiment was hit mostly by volatility in crude oil prices, concerns over the health of the Chinese economy and fears of a global slowdown. Experts said domestic woes, including ballooning NPAs reported by the banks and weak quarterly earnings in various other sectors, have also added to the market weakness. Sensex crashed by 807 points to drop below 23,000-mark on February 11, dragged down by concerns over global economy and mounting bad loans. The mid-cap index is also down 15.97 per cent from its all-time high of 11,666.24, while small-cap has come down by 19 per cent from its record peak of 12,203.64. The Sensex has also come off 21 per cent from its all-time high of over 30,000, scaled on March 4, 2015. In market terms, a fall of 20 per cent from an all-time peak is considered to be as a 'bear market'. The broader market performance is complete opposite to last year, where 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, Sensex fell by 1,381.88 points, or 5 per cent, after gaining nearly 30 per cent in 2014. 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.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

SCRIPWISE MOVEMENTS

NIFTY :: 7211 (+ 230)

Nifty closed with a gain of  about 3% during the week. Further, in view of the forthcoming Budget , market might consolidate and move the higher side.

This week being the last week before expiry of F&O settlement, scripwise movement is most likely.

Range of Last  week is important for it to break. Low of last weeki.e., 6970 is not to be broken if it  is to sustain.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7307, 7532, 7760 and 8000.  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

Technical Levels

Breakout level : 7350 Breakdown level : 7050

Bullish above 7230 with Resistance at  7275, 7350, 7425

Bearish below 7190 with Supports at 7125, 7050, 6975

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  Makha  1 st  Pada    in Leo   to Chitta 1 st   Pada in Virgo.   

- Sun transits in   Sathabhisham 1 st   Pada in Aquarius to Sathabhisham 2 nd   Pada  in Aquarius.

- Mercury transits in  Sravana 3 rd   Pada in Capricorn   to Sravana  4 th    Pada in Capricorn.

- Venus transits in  in Sravana 1 st  Pada    to  Sravana 3 rd  Pada in Capricorn.

- Mars transits in   Visakha 4 th    Pada in Scorpio..

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

- Jupiter , gets into Retrograde motion and transits in  Leo in  Pubba 4 th   Pada and Pubba 4 th Pada in  Leo and  Scorpio Navamsa .  

- Rahu and Ketu transit in Leo and Aquarius.

ASTRO TECHNICAL GUIDE FOR NIFTY

Mid Session Better… !!!

(for Monday, 22.02.2016)

Tithi :: Magha Sukla Pournima 

Nakshatra ::  Makha  (Moon in  Leo) .

Persons   born in    Rohini, Hastha and Sravana   constellations and
Virgo and Capricorn Zodiac signs are advised to be alert in their
dealings.
Sensitive / Trend change Timings for the day

10.20am; 11.52am,12.15pm,

Likely Intraday Trend
On the basis of planetary position and aspects amongst planets,
Market is expected to remain subdued in the opening and recover between 10.20am to 12.15pm and to remain steady thereafter and become weak after 2.25pm.

Astro Technical Trading Strategy for the day

After 10.15 am,   if Nifty fut trades  above the Open Price/ above Average Traded Price, long positions  can be taken with  Low level  as stop loss and such
positions may be closed by about 12.15pm., Again  after 2.25pm , if Nifty futures trades below   the Average Traded Price, Short  positions may be taken with about 20 points above the ATP as stop loss and to be closed by end of the day.

Open level is important for intraday trading and generally, intraday
short positions are suggested  below   Day’s open level only and vice
versa.

Stop loss is a must for intraday trading.

Technical Levels for the day

Resistance around 7270 ,  7320: Support  around  7150, 7100  for the day.

IF resistance levels are achieved in the forenoon session, buying may
be avoided at higher levels and risky traders can consider short
positon for a pull back to Bullish trigger level. IF Support levels
are achieved in the forenoon session, selling may be avoided at lower
levels and risky traders can consider buying for a pull back upto
Bearish trigger level / other support levels.

PRINTING OF BUDGET STARTS WITH HALWA CEREMONY

The process of printing documents for the Budget 2016-17 began today with the traditional 'halwa ceremony', which was attended by Finance Minister Arun Jaitley and his deputy Jayant Sinha in the North Block office. As part of the ritual, which has continued for long, 'halwa' is prepared in a big 'kadhai' (large frying pot) and served to the entire staff in the ministry. Finance Secretary Ratan Watal, Revenue Secretary Hasmukh Adhia, Economic Affairs Secretary and other officers and staff of the ministry involved with Budget preparation were also present. The significance of the sweet dish is that after it is served, a large number of officials and support staff, who are directly associated with the Budget making and printing process, are required to stay in the ministry and remain cut off from their families till the presentation of the Budget by the minister in the Lok Sabha. They are not even allowed to contact their near and dear ones through phone or any other form of communication, like e-mail. Only very senior officials in the Finance Ministry are permitted to go home. The Budget, which will be the second full-fledged Budget of the present NDA government, is scheduled to be unveiled in Parliament on February 29. "Halwa ceremony today in Budget press of Finance Ministry. Marks the beginning of Budget printing process," Economic Affairs Secretary Shaktikanta Das tweeted. Around 100 officials are involved in the printing of the Budget and they will remain "locked" in the North Block office till the presentation of Budget on February 29. The "lock-in" which follows the 'halwa ceremony' is observed to maintain the secrecy of the Budget preparation process. Budget Press in North Block houses all these officials in the period leading up to the presentation of Union Budget in Parliament by the Finance Minister. The first Budget of Independent India was presented by R K Shanmukham Chetty on November 26, 1947. 

ASTRO TECHNICAL GUIDE FOR NIFTY 19-02-2016

Second Half Bearish… !!!

Astro Info:: Tithi :: Magha Sukla Dwadasi 

Nakshatra ::  Punarvasu  (Moon in  Gemini) .

Persons   born in    ASwini, Makha and Moola  constellations and
Cancer and Scorpio  Zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings for the day

10.25am,12.15pm,2.20pm; 2.35pm

Likely Intraday Trend
On the basis of planetary position and aspects amongst planets,
Market is expected to remain subdued in the opening and recover between 10.25am to 12.15pm and to remain steady thereafter and become weak after 2.20pm.

Astro Technical Trading Strategy for the day

After 10.15 am,   if Nifty fut trades  above the Open Price/ above Average Traded Price, long positions  can be taken with  Low level  as stop loss and such
positions may be closed by about 12.15pm., Again  after 2.15pm , if Nifty futures trades below   the Average Traded Price, Short  positions may be taken with about 20 points above the ATP as stop loss and to be closed by end of the day.

Open level is important for intraday trading and generally, intraday
short positions are suggested  below   Day’s open level only and vice
versa.

Stop loss is a must for intraday trading.

Technical Levels for the day

Resistance around 7250 ,  7300 and find Support  around  7130, 7075  for the day.

IF resistance levels are achieved in the forenoon session, buying may
be avoided at higher levels and risky traders can consider short
positon for a pull back to Bullish trigger level. IF Support levels
are achieved in the forenoon session, selling may be avoided at lower
levels and risky traders can consider buying for a pull back upto
Bearish trigger level / other support levels.

MII GARNER Rs.15.2 LAKH CRORE INVESTMENT COMMITMENTS

The week-long Make in India event here has secured investment commitments worth Rs 15.2 lakh crore, with host state Maharashtra alone accounting for Rs 8 lakh crore. Besides, it received investment enquiries worth Rs 1.5 lakh crore. "The multi-sectoral Make in India Week has been a great success. We've managed to get investment commitments to the tune of over Rs 15.2 lakh crore from the event," DIPP Secretary Amitabh Kant told reporters at the closing press meet at the MMRDA Grounds here today. He is hopeful that the summit will create a favourable environment for investors from across the world. Out of the total investment commitments, the host state made up for more than half, at Rs 8 lakh crore, Kant said, adding that Maharashtra could become the gateway for the rest of the country. Out of the total commitment pie, 30 per cent have come from foreign players. "We have already opened the economy across sectors to the world. We're now showcasing, connecting and collaborating for manufacturing in the country," Kant said, adding that the summit is not about manufacturing alone, but innovation and nurturing inventors. Prime Minister Narendra Modi had on February 13 inaugurated the maiden Make in India Week at the MMRDA Grounds at BKC in Central Mumbai. The jamboree, for which the Modi-led government has reportedly spent close to Rs 100 crore in marketing alone, is part of the government's push to create jobs by increasing the share of manufacturing to GDP to 25 per cent over the next decade, from the 16-17 per cent now. The domestic economy has for long been supported by the services sector, which alone contributes more than 60 per cent of GDP. The summit, despite a reasonably good participation from Corporate India and global companies, had its own share of shortcomings, with poor coordination among various agencies such as DIPP, PIB and industry lobby CII coming to the fore. 

On the very thin participation from north-eastern states, Kant said, "Every state has different core competency. I am from the Kerala cadre and I believe that Kerala is a great state for travel and tourism, but is not a great state for industrialisation." He added: "My personal view is that north-eastern states need to be developed with sustainability and innovativeness. If you force too much of industrialisation in those areas, you will spoil the natural surroundings of the region. Let's not force every state to be Maharashtra or Gujarat... that will not be correct." However, it can be noted that most of the non-NDA states barring Karnataka, which is ruled by the main Opposition Congress, and Odisha ruled by the BJD, kept away from the summit. Over 2,500 international and 8,000 domestic companies are claimed to have participated in the week-long multi- sectoral industrial event, apart foreign government delegations from 68 countries and business teams from 72 nations. The opening ceremony was also attended by Prime Ministers of Sweden, Finland and Deputy Premier of Poland, besides other foreign ministers. As many as 17 states, mostly BJP-ruled ones, participated in the expo and there were over 50 seminars. Gujarat, Madhya Pradesh, Haryana, Odisha and Punjab had dedicated state-centric sessions too. The opening cultural night at Girgaum Beach turned out to be a flop after a massive fire broke out early into the event, which had the entire state government in attendance. Luckily, there was no human casualty. Similarly, many were critical of the high food prices at the food courts and the high security, which didn't allow home-made foods.

ASTRO TECHNICAL GUIDE OF NIFTY for 18.02.2016

Generally Better… Buy on Dips… !!!

Astro Info:: Tithi :: Magha Sukla Ekadasi

Nakshatra ::  Aardra  (Moon in  Gemini)

Persons   born in    Aslesha, Jyeshta and Revathi constellations and
Cancer and Scorpio  Zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings for the day :: 10.55am,1 .25pm; 1.45pm

Likely Intraday Trend for 18.02.2016::

On the basis of planetary position and aspects amongst planets, Market is expected to be generally better in the opening and remain subdued between 11.30 am to 1.30 pm and again recover thereafter.

Astro Technical Trading Strategy for the day ::  After 9.30 am,   ifNifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 11.30am., Again  after 1.30pm , if Nifty futures trades above  the Average Traded Price, long  positions may be taken with about 20 points below the ATP as stop loss and to be closed by end of the day.

Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Stop loss is a must for intraday trading.

Technical Levels for the day

Nifty Spot  would find  resistance around 7160 ,  7225 and find support  around  7050, 6990  for the day.

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.