ASTRO TECHNICAL GUIDE FOR NIFTY for 1 APRIL 2016

GENERALLY BETTER  

Astro Info:: Tithi :: Phalguna Krishna Navami

Nakshatra ::    Poorvashadha  & Uttarashadha  (Moon in  Sagittarius ) .

Persons   born in  Mrigasira, Chitta and Dhanishta (in the forenoon Session) and Aardra, Swathi and Sathabhisham   constellations and Capricorn and Taurus    Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 2.15 pm;2.40pm ;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets,
Market is expected to remain generally better for most part of the day and could remain subdued towards very close  of the day(after 3PM).

Astro Technical Trading Strategy for the day ::  After 9.30 AM,  if Nifty futures trades above  the  Open level /   the Average Traded Price (ATP),  Long  positions can be taken with Low  Level as  Stop Loss and such positions can be closed by about 2.45pm.

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 7785, 7835  and Support  around  7685, 7635

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 and astrological portion given above should be considered together andapplied for taking proper trading decisions.

FPI's PULL OUT Rs.18000 CRORES

In the first outflow of overseas funds from Indian capital markets in seven years, foreign portfolio investors (FPIs) took out an estimated amount of Rs 18,000 crore during fiscal 2015-16. This is also only the third time since foreign portfolio investors began investing in Indian markets in 1992 that they have turned net sellers for an entire financial year. As per the market data, the net outflow during the fiscal ended today would have been more than double, but buying spree resumed in the last month. FPIs are estimated to have infused a net amount of nearly Rs 20,000 crore (about USD 3 billion) during March. During March, FPIs were net buyers to the tune of over Rs 21,000 crore in equities, but took out a net amount of Rs 1,500 crore from debt markets. FPIs had embarked on a selling spree towards end of calendar year 2015 amid weakening trends in Indian equity markets, but returned to hectic buying this month on expectations of further rate cuts by Reserve Bank and signs of strengthening macroeconomic fundamentals of the country. For the entire fiscal, FPIs were net sellers to the tune of an estimated Rs 14,000 crore in equities and of about Rs 4,000 crore for the debt securities. Compared to a net outflow of Rs 18,000 crore in 2015-16, FPIs had made huge net inflows of a record high amount of over Rs 2.77 lakh crore in the previous fiscal. Last time, Indian markets saw net outflow of funds by FPIs was in 2008-09 at over Rs 45,000 crore, while they had taken out a net amount of about Rs 1,600 crore in 1998-99. The cumulative net investment by these foreign investors have now fallen to Rs 11.07 lakh crore, down from over Rs 11.22 lakh crore at the start of the fiscal 2015-16. FPIs, which were earlier known as FIIs or Foreign Institutional Investors, were allowed to invest in the Indian markets over two decades ago in November 1992. Their cumulative net investments in the equity markets now stands at over Rs 8 lakh crore while that in the debt securities is over Rs 3 lakh crore. These investors have emerged as a key driver of Indian markets over the past many years and hold a significant chunk of non-promoter shares of listed companies. In the recent years, they have also been investing heavily in government bonds.

SENSEX TRIPS 9.36% IN FY 16

Investors poorer by Rs 7 lakh cr

In its worst show in four fiscals, the market benchmark Sensex today ended 2015-16 with a yearly plunge of 9.36 per cent, leaving investors poorer by nearly Rs 7 lakh crore as global headwinds and foreign fund outflows pounded domestic equities during the year. For the day, however, the index inched up by 3.28 points to 25,341.86 on caution due to carry-forward of positions to the April series and S&P putting China on negative outlook. Broader market too remained strong as mid-cap and small- cap indices ended higher by 0.68 per cent and 0.46 per cent, respectively. In March, the Sensex registered a rise of 10.17 per cent or 2,339 points and Nifty climbed 10.75 per cent or 751.35 points, making it the biggest monthly gain in over four years. Heavy crash in commodity prices, first rate hike by the US Federal Reserve in nearly a decade, global slowdown, especially in China, and slower pace of key domestic reforms pulled Sensex by 2,615.63 points or 9.36 per cent during the year, its worst performance in a fiscal since 2011-12. Investor wealth too fell by nearly Rs 7 lakh crore during 2015-16 or over Rs 2,700 crore per trading session. NSE's Nifty dropped by 752.60 points or 9.72 per cent during the year to settle the fiscal at 7,738.40. The rupee, at 66.26, lost ground against the dollar as it weakened by Rs 3.61 or 5.86 per cent during 2015-16. During the day, after surging 141 points in early trade, the 30-share Sensex frittered away most of initial gains and slipped into the negative zone to hit a low of 25,223.22 before bouncing back to close 3.28 points or 0.01 per cent higher at 25,341.86. The index had soared 438.12 points yesterday, the biggest single-day gain in nearly a month, tracking firm global trend after US Federal Reserve softened its stance on rate hikes. The broader Nifty after shuttling between 7,777.60 and 7,702.00, closed 3.20 points or 0.04 per cent up at 7,738.40. In stock specific action, Hindustan Zinc surged 14 per cent after the company announced it will pay highest ever dividend of Rs 10,141 crore, including Rs 3,000 crore to the government, to its shareholders for the 2015-16 fiscal. Natco Pharma settled 4 per cent high after the company's board approved sale of 'Save Mart Pharmacy Stores' in the US, which is a non-core business of the firm. Meanwhile, foreigners bought shares worth Rs 1,442.47 crore yesterday, as per provisional data. Overseas, Asian markets witnessed a mixed trend with Shanghai composite and Taiwan up by 0.11 per cent and 0.09 per cent while Japan slipped 0.71 percent, Singapore dropped 0.31 per cent and Hong Kong down fell 0.13 per cent. Europe opened lower with the UK's FTSE down 0.64 per cent, Germany's DAX 0.66 per cent lower and France's CAC shedding 1.16 per cent.

ANDHRA FAILS TO ACHIEVE FISCAL REFORM TARGET

Financial management and budgetary control measures of Andhra Pradesh government have come under critical review of Comptroller and Auditor General of India despite registering a revenue deficit of Rs 13,776 crore for June 2, 2014 to March 31, 2015 period after bifurcation. The state government could not achieve the fiscal reform targets during fiscal 2014-15, the CAG said. The overall revenue deficit during 2014-15 fiscal stood at Rs 24,194 crore including the period from April 1 to June 1, 2014 when the state remained united, the CAG said in an audit report on state finances for the year ended March 31, 2015. The state's fiscal deficit of Rs 31,717 crore at 6.10 per cent was double the ceiling of 3 per cent prescribed in the Fiscal Responsibility and Budgetary Management Act. Andhra's total liabilities stood at 32.03 per cent of the Gross State Domestic Product against a ceiling of 27.60 per cent under the FRBM Act, the CAG pointed out. The CAG report on state finances, along with the audit reports on revenue sector, local bodies, public sector undertakings, economic sector and general and social sectors, for the financial year ending March 2015 was tabled in the Andhra Pradesh Legislative Assembly today. In the report on state finances, the CAG noted that "unrealistic" budgetary allocations resulted in substantial savings, unnecessary supplementary grants, expenditure without provision and excess re-appropriation, indicating "poor budget management". It also indicated the "weakness in expenditure monitoring and control", the CAG said. The entire supplementary provision of Rs 33,933 crore proved excessive as the actual expenditure of Rs 1,40,803 crore incurred was less than the total budget provision of Rs 1,46,055 crore. But an expenditure of Rs 13,134 crore was incurred during 2014-15 without legislative authorisation, the CAG pointed out. Lump sum provisions of Rs 3,226 crore without specific details of expenditure were surrendered totally at the end of the year, the CAG added. 

4,000 INDIAN MILLIONAIRES SHIFTED OVERSEAS IN 2015

India has seen the fourth biggest outflow of high net worth individuals globally in 2015 with shifting of 4,000 millionaires overseas, says a report. According to a report by New World Wealth, some 4,000 uber-rich Indians have changed their domicile in 2015, while France saw the maximum outflow of millionaires with as many as 10,000 super rich leaving the country. The report however noted that the migration of super rich from China and India is not a "concern". "The outflows from India and China are not particularly concerning as these countries are still producing far more new millionaires than they are losing," the report said and added that "once the standard of living in these countries improves, we expect several wealthy people to move back". In terms of countries ranked by millionaires outflow, France was followed by China in the second place with 9,000 millionaires leaving the country while for Italy, at third position, the figure stood at 6,000. On France, the report said, the country is being heavily impacted by rising religious tensions between Christians and Muslims, especially in urban areas. "We expect that millionaire migration away from France will accelerate over the next decade as these tensions escalate," the report said. It further noted that other European countries where religious tensions are starting to emerge such as Belgium, Germany, Sweden and the UK will also be negatively affected in the near future. Other countries that saw significant millionaire outflows include Greece (3,000), while Russian Federation, Spain and Brazil saw 2,000 such outflows each. In terms of millionaire inflows, Australia topped the chart as it saw as many as 8,000 uber rich people shifting base there, followed by the US(7,000) and Canada (5,000) in the second and third place respectively. Millionaires, otherwise known as 'high net worth individuals' or 'HNWIs' refer to individuals with net assets of USD 1 million or more excluding their primary residences. 

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 28.03.2016 to 02.04.2016

Weekly Close above 7750 gives One more uptrend  .... !!!     

NIFTY :: 7717 (+113)

Nifty closed at the highest point for the week and above 7700, and has opened gates for  a fresh rally on the upside.

Last week it has crossed 7700 and closed above 7700 on all the Three working days making it a rise for 4 weeks in succession. It has got certain resistance around 7750 and if Nifty   closes above 7750(weekly close),it would get into a new zone.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7416, 7364, 7605 and 7905.  respectively and would act as  resistances as Nifty is trading  above 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 7790 with resistance at  7865, 7940,8015

Bearish below 7630 with Supports at 7555, 7480,7405.

Breakout level : 7750, Breakdown level : 7600

Advice for Traders :

Last week Nifty traded above the breakout level and closed above 7700. However, there is resistance around 7750 (for weekly close above 7750.

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 Anuradha 1 st   Pada in Scorpio to Sravana 1 st   Pada in Capricorn.

- Sun transits in   Uttarabhadra 4 th   Pada in Pisces to REvathi 1 st Pada in Pisces .

- Mercury transits in Revathi  1 st     Pada in Pisces to Revathi 4 th  Pada in Pisces .

- Venus transits in  in Poorva Bhadra 2 nd    Pada in Aquarius  to Poorvabhadra 4 th Pada in Pisces.

- Mars transits in  Anuradha 3 rd     Pada to Anuradha 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 3 rd   Pada  in  Leo and   Libra    Navamsa

- Rahu and Ketu transit in Leo and Aquarius.

-------------------------------------

for Monday, 28.03.2016

Forenoon Better … !!!           

Astro Info:: Tithi :: Phalguna Krishna Panchami

Nakshatra ::  Anuradha 1 &2 nd   Pada    (Moon in Scorpio  )

Persons   born in  Bharani, Pubba and Poorvashadha  constellations and
Sagittarius and Aries    Zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings : 1.45 pm

Likely Intraday Trend :

On the basis of planetary position and aspects amongst planets, Market is expected to remain generally better upto about 1 PM and remain steady thereafter.

Astro Technical Trading Strategy...

After 9.30 AM,  if Nifty futures trades above the Open level / above  the Average Traded Price (ATP),  long  positions can be taken with a Stop Loss of about 20 points  from the entry level and such positions can be closed by about 1.00pm.

Technical Levels...

Resistance around 7775, 7835 and Support  around  7655, 7600.

There is general resistance around 7750.

SMOKING BURNS POCKETS

LOSS Rs.1.04 lakh CRORES IN INDIA

The World Health Organisation has said the economic burden attributable to tobacco-related diseases is a staggering Rs 1,04,500 crore annually in the country and has pitched for large-size warnings on packs to control tobacco consumption in a cost-effective manner. "The economic burden attributable to tobacco-related diseases is a staggering Rs 1,04,500 crore annually in the country, while human cost nearly a million deaths," WHO representative in New Delhi Henk Bekedam said in a statement. Calling for large and prominent health warnings on the packs of tobacco products, he said past experiences have shown that this is "a cost-effective means of increasing public awareness about the health effects of tobacco use and in reducing tobacco consumption". Besides, he termed the ongoing debate on reducing the size of warnings on tobacco products, especially on bidis and smokeless tobacco as "worrisome." India implemented Article 11 of WHO Framework Convention on Tobacco Control (FCTC) a few years back, but is still not FCTC-compliant for this provision as the tobacco pack warnings occupy only 40 per cent of the principal display area only on one side of the pack - that makes up 20 per cent of the total display area of the pack. The Supreme Court is hearing a bunch of petitions on ordering large size warnings on the packs. In terms of the health warnings on tobacco products packages, the country fares very badly with a ranking of 136 out of 198 countries in the international status report on Cigarette Package Health Warnings 2014. Countries ranked after 143 do not display pictorial health warnings at all. He warned that "any reduction in the size of pack warnings will be a great setback for public health in the region, as neighboring countries, including Nepal (90 per cent), Thailand (85 per cent), Pakistan (85 per cent), Sri Lanka (80 per cent) and most recently Myanmar (75 per cent) have overcome similar challenges and notified large pictorial warnings". As per the Global Adult Tobacco Survey-India (GATS 2010) covering the age group 15 and above, 71 per cent of cigarette smokers notice health warnings on packages and 38 per cent think of quitting because of the warning label. In case of bidi smokers, as many as 62 per cent of notice health warnings on the packs and 29 per cent think of quitting due to the warning. When it comes to the consumers of smokeless tobaccos, 63 per cent of them notice health warnings on the package and 34 per cent think of quitting due to the warning label, he said.

Prominent pack warnings also assist in reducing illicit trade and improve tax administration as these products are easy to distinguish from those which do not conform, Bekedam said. On October 15, 2014, the government had issued a notification making it mandatory for tobacco companies to display graphic health warning occupying 85 per cent of the principal display area of all tobacco packs. The gazette notification amending the Cigarettes and Other Tobacco Products (Packaging and Labelling) Rules, 2008, which came into effect from April 1, 2015, is now scheduled to come into force on April 1, 2016. Bekedam said the implementation will uphold the announcement made by the country in Moscow in 2014, during the sixth session of the Conference of the Parties (COP-6) to the WHO Framework Convention on Tobacco Control. He also batted for higher taxes on tobacco, saying along with large graphic pack warnings, taxation has been a cost-effective and evidence-based strategy to reduce tobacco use. Moreover, he said both these measures are easy to implement, with no cost to the government as tobacco taxation as a fiscal policy is a win-win situation as it not only raises revenue but also reduces consumption. As the country will be hosting the seventh session of the Conference of the Parties (COP7) this November, Bekedam said implementation of 85 per cent pictorial warnings on both sides of packs and developing a comprehensive tobacco tax policy will uphold New Delhi's position as a global leader in health and save precious lives, he said. 

ASTRO TECHNICAL GUIDE FOR NIFTY for 23 March 2016

FORENOON BETTER !           

Astro Info:: Tithi :: Phalguna Sukla    Poornima 

 Nakshatra ::  Uttara 3 &  4 th  Pada    (Moon in Virgo)

Persons   born in  Aardra , Swathi and Sathabhisham  constellations and Libra and Aquaris   Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings : 12.20 pm

Likely Intraday Trend :

On the basis of planetary position and aspects amongst planets, Market is expected to open better and remain so till about 12.45 pm and remain steady / subdued from 2 PM.

Astro Technical Trading Strategy for the day...

After 9.30 AM,  if Nifty futures trades above the Open level / above  the Average Traded Price (ATP),  long  positions can be taken with a Stop Loss of about 20 points  from the entry level and such positions can be closed by about 12.45pm.

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 7775, 7835 and Support  around  7655, 7600  for the day. 

ASTRO TECHNICAL GUIDE FOR NIFTY for 22 March 2016

for Tues day, 22.03.2016 ::

VOLATILE MOVEMENTS 

Astro Info:: Tithi :: Phalguna Sukla   Chaturdasi & Poornima

Nakshatra ::  Pubba  4 th  Pada    (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 : 9.35am , 10.55am. 3.12pm

 

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets,Market is expected to open steady  and remain volatile with bearish bias in general particularly during the last Hour.

Astro Technical Trading Strategy

After 2 pm,  if Nifty futures trades below the Average Traded Price (ATP),  short positions can be taken with a Stop Loss of about 20 points  from the entry level and such positions can 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...

Resistance around 7765, 7825 and Support  around  7645, 7585.

ASTRO TECHNICAL GUIDE FOR NIFTY

CLOSING SUBDUED

for Monday, 21.03.2016 ::

Astro Info:: Tithi :: Phalguna Sukla   Trayodasi & Chaturdasi

Nakshatra ::  Makha 4 th  Pada    (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  : 1.10pm and 1.45 pm

Likely Intraday Trend

On the basis of planetary position and aspects amongst planets,Market is expected to open generally better and remain subdued in Second half particularly during the closing hour .

Astro Technical Trading Strategy

After 2 pm,  if Nifty futures trades below the Average Traded Price (ATP),  short positions can be taken with a Stop Loss of about 20 points  and such positions can 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…

Resistance around 7665, 7725 and Support  around  7545, 7485  for the day. 

ASTRO TECHNICAL GUIDE FOR NIFTY

for Friday, 18.03.2016

Zig zag Movements  … !!!  

Astro Info:: Tithi :: Phalguna Sukla   Dasami& Ekadasi

Nakshatra ::  Pushyami  1 st Pada    (Moon in Cancer  )

Persons   born in  Bharani, Pubba and Poorva Shadha   constellations and Leo and Sagittarius  Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 9.38AM; 2.48 PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open generally subdued and recover from 12.15 to 2.15pm and again remain subdued towards close.

Astro Technical Trading Strategy...

By 9.30 AM, if Nifty futures trades below the Open lelvel, short positions can be taken with High level as Stop Loss and such positions can be closed by about 12 PM. After 12PM ,    if Nifty fut trades  above   the ATP(Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss(from the  entry point)    and  such positions may be closed by about 2 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 7570, 7620 and Support  around  7450, 7400  for the day.

ASTRO TECHNICAL GUIDE FOR NIFTY

for Thursday, 17.03.2016

CLOSING BETTER !!!

Astro Info:: Tithi :: Phalguna Sukla   Navami& Dasami
Nakshatra ::  Punarvasu 1 st Pada    (Moon in Gemini)
Persons   born in  Aswini, Makh and Moola   constellations and Cancer and Scorpio   Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::12.00pm ;1.30 pm;  2.00 pm;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open generally better and remain steady from 10.00 AM and to recover smartly from 2.30 onwards.

Astro Technical Trading Strategy ....

After 2.30PM ,    if Nifty fut trades  above   the ATP(Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss    and  such positions 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....

Resistance around 7560, 7620 and Support  around  7440, 7380  for the day 

ICICI BANK LAUNCH CONTACTLESS MOBILE PHONE PAYMENT SOLUTION

Country's largest private sector lender ICICI Bank today launched a smartphone-based application which will allow users to pay for purchases by simply tapping their smartphones on a merchant terminal at a shop. The service, launched today for the employees of the bank, will soon be made available for over 35 million debit and credit card holders of the lender, ICICI Bank's Executive Director Rajiv Sabahrwal told reporters on a concall. A near field communications (NFC) technology-enabled smartphone can be used to complete the transaction, he said, adding that 90 per cent of its 5 million active mobile banking customers use such phones that run on the Android operating system, on which the technology has been rolled out initially. As per RBI regulations governing NFC-based payments, people can pay up to a maximum of Rs 2,000 for a single transaction. "With India becoming the second largest market globally for mobile subscribers as well as smartphones, we expect this to be a big game changer in the Indian payment industry," he said. Sabahrwal explained that the service makes use of the Host Card Emulation (HCE) technology, which creates 'virtual' cards for 'physical' credit or debit cards issued by the Bank. The virtual card resides in the bank servers, a bank statement said, adding that even though the virtual card number may be different from the physical card, other features like the expiry date remain the same. For each payment via the virtual card, a one-time unique token number is created by the bank’s server, which is encrypted and sent to the merchant’s terminal, without disclosing any information of the card. The customer will have to download the bank's 'Pockets' application on his mobile phone and then select the 'Touch and Pay' icon from the menu. Before a transaction, a person will have to select the virtual card through which he wants to pay and once the shopkeeper has put in the amount to be debited in the system, he just has to wave the smartphone near the reader. Sabahrwal said at present there are 40,000 merchant locations accepting NFC-based payments and expects the number to go up to 1 lakh in up to four months. Other lenders, including the country's largest lender State Bank of India, have launched NFC-based cards. ICICI Bank today said it is the first to integrate the solution with mobile phones.

ASTRO TECHNICAL GUIDE FOR NIFTY

for Wednesday

Generally Subdued  … !!!           

Astro Info:: Tithi :: Phalguna Sukla  Ashtami& Navami
Nakshatra ::  Aardra  1 st Pada    (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 :12.37pm ;1.43 pm;  3.14 pm;

Likely Intraday Trend

On the basis of planetary position and aspects amongst planets, Market is expected to open generally subdued and recover between 12.40pm to 2.30pm and remain steady / subdued thereafter.

Astro Technical Trading Strategy ...

After 9.30 AM , if Nifty futures trades below Open Price / ATP, Short positions can be take with High Level as Stop Loss and such postions can be closed by about 12pm / 12.30pm.  After 12.30PM ,    if Nifty fut trades  above   the ATP(Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss    and  such positions may be closed by about 2.30 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 7570, 7630 and Support  around  7450, 7390 

Strong resistance around 7550/ 7560.

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 and astrological portion given above should be considered together and applied for taking proper trading decisions.

'CROREPATI' AGRICULTURISTS IN BENGALURU

Metro cities like Delhi, Mumbai, Kolkata and Bengaluru have the maximum 'crorepati' entities who have declared agricultural income of over Rs 1 crore in the last nine assessment years with the Income Tax department. The department is conducting a tax evasion probe in a select number of such cases after the taxman was directed in this regard recently. As per official data in this regard, accessed by PTI, between Assessment Years (AYs) 2007-08 to 2015-16, a total of 321 assesses declared agricultural wealth over Rs one crore in Bengaluru region followed by Delhi (275), Kolkata (239), Mumbai (212), Pune (192), Chennai (181), Hyderabad (162), Thiruvananthapuram (157)and Kochi (109). Finance Minister Arun Jaitley today said in Parliament that many prominent people are being probed for allegedly concealing taxable income as agricultural earnings as he told the Opposition not to term it as political victimisation if their names come out.
"Many prominent people" are said to be involved and are being probed, he said. "Please don't say it is political victimisation if names come out after that (probe)." IT department Assessing Officers across the country, as part of a recent directive, have been asked to "verify" a select number of cases in this category under assessment years 2011-12 to 2013-14. The move came in view of a PIL filed in the Patna High Court where concerns have been raised that some of these declarants could be engaged in routing their un-accounted or illegal funds in the "garb" of farm income thereby leading to instances of money laundering. Agricultural income is exempt from Income Tax in the country. The official data in this regard said a total of 2,746 entities have declared agricultural income of above Rs 1 crore in the last nine AYs, between 2007-08 to 2015-16 and a probe has to be conducted for a block period of three AYs (2011-12 to 2013-14). 

ASTRO TECHNICAL GUIDE FOR NIFTY

Tues day, 15.03.2016

Generally Subdued with  Better Mid session … !!!  

Astro Info:: Tithi :: Phalguna Sukla  Saptami & Ashtami
Nakshatra ::  Mrigasira 1 st Pada    (Moon in Taurus  ) .
Persons   born in  Pushyami, Anuradha and Uttarabhadra  constellations and Gemini and Libra    Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::2.06pm ; 3.11 pm;

Likely Intraday Trend

On the basis of planetary position and aspects amongst planets, Market is expected to open generally subdued and recover between 11.35am to 1.30pm and remain steady / subdued thereafter.

Astro Technical Trading Strategy for the day ::  After 11.30 AM ,    if Nifty fut trades  above   the Open Price/ATP (Average Traded Price) , Long   positions  can be taken with  about 25 points  as stop loss    and  such positions may be closed by about 1.00pm/ 1.15pm.

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 7570, 7630 and Support  around  7450, 7390  for the day

However, there is strong resistance around 7550/ 7560.

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 and astrological portion given above should be considered together and applied for taking proper trading decisions.

INFLATION IN NEGATIVE ZONE 16th MONTH IN ROW

Deflationary trend continued for the 16th month in a row as wholesale prices declined by 0.91 per cent in February, prompting India Inc to press for a rate cut by RBI to boost factory output, which has been contracting since November. Subdued prices of certain food items and petroleum products kept the WPI (Wholesale Price Index) inflation at (-)0.91 per cent in February as against (-)2.17 per cent a year ago. It was (-)0.9 per cent in January. This is the 16th consecutive month since November 2014 when the deflationary pressure has persisted. Food inflation stood at 3.35 per cent in February compared with 6.02 per cent in January, showed official data, which was released today. In view of declining inflation and negative industrial outlook, the industry stepped up its demand for an interest rate cut by Reserve Bank in its first bi-monthly monetary policy for 2016-17 on April 5. "A further cut in the policy rate at this juncture and its transmission by the banks in the form of lower lending rates would benefit both, companies and consumers alike, and impart some momentum to the still weak investment and consumption cycle," Ficci said. Meanwhile, Assocham too pressed for a rate cut arguing the government has fulfilled its commitment of sticking to the fiscal consolidation path by deciding to keep the deficit for 2016-17 at 3.5 per cent of GDP. "Therefore, it gives the room to RBI to ease liquidity and reduce interest rates to dispense with deficient demand in the economy," Assocham said. The inflation print in the fuel and power segment was (-)6.40 per cent and for manufactured products, it read (-)0.58 per cent in February. 

RBI mainly looks at retail inflation, data for which is expected later in the day, while firming up monetary policy stance. It also takes into account industrial production numbers, which as per the latest reading fell for a third straight month, contracting 1.5 per cent in January due to poor showing of manufacturing. ICRA Senior Economist Aditi Nayar said: "Assuming an average crude oil price of USD 40 per barrel in 2016-17 and modest depreciation in the INR-USD, WPI inflation is expected to average +3 per cent in the coming fiscal, as compared to a 2.5 per cent Y-o-Y decline in 2015-16." As per the data released today, inflation in pulses and onion eased to 38.84 per cent and (-)13.22 per cent, respectively. The rate of price rise in the case of vegetables was (-)3.34 per cent, and for fruits, it stood at (-)1.95 per cent. Price rise in potato was (-)6.28 per cent while that of egg, meat and fish came in at 3.47 per cent. The December WPI inflation has been revised to (-)1.06 per cent from the provisional estimate of (-)0.73 per cent. "Budget 2016-17 has given due focus on boosting demand and encouraging domestic value addition. RBI should supplement the efforts of the government to strengthen demand and continue with its accommodative stance in the forthcoming monetary policy," Ficci said.

ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 14.03.2016 to 18.03.2016

CRUCIAL WEEK for FURTHER MOVEMENT

NIFTY :: 7510 (+ 25)

Nifty had a very tight week and moved in a narrow range last week and closed with a small rise of only 25 points. Nifty could not go above 7550, a strong resistance and if during the week, if it is able  to close above that level, then only it would open gates for fresh rally on the upside.

During the last  week (8.3.16 to 11.3.16) Nifty moved in a narrow range ( between 4424 to 4547).  For the next Three weeks, last week’s range could be regarded as the reference range and Nifty would be Bullish above the High and Bearish below the Low of the range.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7231, 7388, 7657 and 7934.  respectively and would act as  resistances as Nifty is trading  below the Long term  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 7575 with Resistance at  7650, 7725, 7800

Bearish below 7450 with Supports at 7375, 7300, 7225

Breakout level : 7600 and Breakdown level : 7350

Advice for Traders...

Last week was a very narrow week  which has defined the reference range for the next Three weeks. 7550 -7560 would be the upper range which would be crucial and if it is unable to pierce the afore mentioned range, it would be able to break the down side range of 7325.

Planetary Position...

- Moon would be transiting  from  Krittika 4 th Pada to Pushyami 2 nd Pada in Cancer .

- Sun transits in   Poorvabhadra 3 rd   Pada in Aquarius to U Bhadra 1 st   Pada  in Pisces.

- Mercury transits in P Bhadra 1 st    Pada in Aquarius    to P Bhadra 3 rd    Pada in Aquarius.

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

- Mars transits in  Anuradha 2 nd     Pada and Anuradha 3 rd 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 3 rd Pada in  Leo and Scorpio / Libra    Navamsa .

- Rahu and Ketu transit in Leo and Aquarius.

During the week, Sun ingresses into Pisces on 14^th at 11.02AM and that day’s market range is also important for further movement /direction  of  the market.

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for Mon day, 14.03.2016

Zigzag Movements with Bullish Bias… !

Astro Info...

Tithi :: Phalguna Sukla  Shashti & Saptami

Nakshatra ::  Krittika (UPto 9.25) and Rohini   (Moon in Taurus  ) .

Persons   born in  Punarvasu, Visakha and P Bhadra constellations and Gemini and Libra    Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::9.25am ;11.00am;; 3.05 pm;

Likely Intraday Trend for 14.03.2016::

On the basis of planetary position and aspects amongst planets, Market is expected to open generally Better and remain so till about 11.30am  and remain subdued till about 1.30pm and recover smartly after 2 pm.,

Astro Technical Trading Strategy

After 9.30 AM ,    if Nifty fut trades  above   the Open Price / ATP(Average Traded Price) , Long   positions  can be taken with  Low Level  as stop loss    and  such positions may be closed by about 11.30am., Again after 2pm, if Nifty trades above ATP, long positions can be taken with a stop loss of 20 points 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

Resistance around 7570, 7630 and Support  around  7450, 7390