WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Caution at Higher Levels

Nifty Outlook for the Week 01.01.2018 to 05.01.2018

NIFTY :: 10531 (+38)

Nifty traded in a narrow range of 10460 to 10552 during last week and closed nearer to the High of the range or the week at 10531 with a Gain of 38 Points (about 0.36%), with a Positive outlook.

The short term trend is quite Bulliish. It is Bullish for Both Medium Term and Long term. However, Short term would become Bearish if Nifty comes Down and closes below 10350.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10328, 10318, 10135 and 9810 respectively and would act as Supports and Resistances.

Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than about Ten months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and hence can be considered as Bullish.

Technical Levels...

Bullish above 10600 with Resistance at 10675, 10750

Bearish below 10450 with Supports at 10375, 10300

Breakout level :10575 Breakdown level :10350

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.

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Planetary Position...

Moon would be transiting from Aardra 1 st Pada in Gemini to Magha 3 rd Pada in Leo.

Sun transits from Purvashadha 2 nd Pada to Poorvashadha 3 rd Pada in Sagittarius.

Mercury transits from Jyeshta 3^rd Pada in Scorpio to Jyeshta 4 th Pada in Scorpio.

Venus transits from Purvashadha 1 st Pada in to P Shadha 2 nd Pada in Sagittarius.

Mars transits in Visakha 1 st Pada in Libra .

Saturn transits in Moola 3 rd Pada in Sagittarius and moves in Gemini Navamsa.

Jupiter transits in Visakha 1 st Pada in Libra and moves in Aries Navamsa.

Rahu and Ketu move to Cancer and Capricorn Rasis and in Capricorn and Cancer Navamsas,

During the Last Week, Moon had transited from Uttarabhadra to Revathi constellation during Tuesday to Wednesday and had formed a range of 10478 to 10552 which has not broken on the Upper Side and it Breached on the Downside to 10460.

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Second Half Weak (for Monday)

Tithi :: Pushya Sukla Chaturdasi

Nakshatra :: Mrigasira

Persons born in Pushyami, Anuradha and Uttarabhadra and those born in Cancer and Scorpio are advised to be alert in their dealings.

Sensitive / Trend change Timings : 9.37AM; 2.51PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady and remain Steady / Better from 10.20AM till about 11.50 AM and could remain Subdued thereafter from 12.00 PM till 2.50 PM and could remain Better in the last 15 minutes of the day.

Astro Technical Trading Strategy...

If Nifty fut trades below ATP by about 12.00 PM Short Positions can be taken with suitable SL and can be closed by about 2.45 PM.

Technical Levels...

Resistance : 10570,10605 Support : 10490,10455

MARKETS SIGN OFF THE YEAR WITH 28% GAIN

2017 has been an upbeat year for the markets. The Sensex and Nifty surpassed the 34,000 and 10,500 levels for the first time. The Sensex clocked its best performance in recent years, rising by 7,430.37 (27.91%) in 2017. It had gained 508.92 points (1.94%) last year. The Nifty too rallied 2,344.90 points (28.65%) in 2017. The 30-share key index touched its lifetime high of 34,137.97 on December 27. With this rally Investors became richer by Rs 45.50 lakh crore this year helped by a strong rally in the stock market. Led by the strong show in the stock market, the market capitalisation of BSE-listed companies soared by Rs 45,50,867 crore to Rs 1,51,73,867 crore (USD 2.3 trillion) this year. Equities rallied on the last trading session of 2017, bringing to close a remarkable year that saw the benchmarks surging past milestones.

"Market surprised the investors with a positive note on the final trading day of 2017. Expectation of a pick up in third quarter earnings and strengthening of rupee supported the sentiment. Focus on upcoming Union Budget and government's reforms will direct investors to turn sector/stock specific. We feel that though the outlook on main indices is moderate in the short to medium-term, the broad market will maintain its vibrancy as businesses flourish,"

- Vinod Nair, Head of Research, Geojit Financial Services

"The concluding session of the year traded with a positive bias and eventually wrapped up the activity almost at record close. This has been a remarkable year for Indian markets, in fact, we should put it as, for the equity markets across the globe."

- Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking

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

Ending the year with positive note

On Friday, the last trading session of the year, 30-share index started the on a strong note at 33,889.39 and hit a high of 34,086.05 before closing at 34,056.83, up by 208.80 points, or 0.62 per cent. It surpassed its previous closing high of 34,010.61 reached on December 26. The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70 after trading between 10,538.70 and 10,488.65. Both the indices rose for the fourth straight week. The Sensex advanced by 116.53 points, or 0.34 per cent, while the Nifty gained 37.70 points, or 0.35 per cent, during the period.

- Shares of Reliance Communications continued their rally for the fourth straight session today, ending 17 per cent higher after Mukesh Ambani stepped in to bail out the debt- ridden firm by acquiring spectrum, tower, optical fibre network and other assets. In four days, shares of the company have zoomed 122 per cent adding Rs 5,506.76 crore to its market capitalisation.

- In the Sensex kitty, Tata Motors saw the maximum gain of 3.06 per cent, followed by Axis Bank (2.74 per cent), TCS (2.72 per cent), Hero MotoCorp (2.38 per cent), Adani Ports (1.94 per cent), Wipro (1.90 per cent), Asian Paints (1.16 per cent), Maruti Suzuki (1.05 per cent), HDFC Ltd (0.94 per cent), ONGC (0.85 per cent), NTPC (0.83 per cent) and Hindustan Unilever (0.79 per cent).

- Sector-wise, the rally was driven by telecom (up 1.63 per cent), power (1.46 per cent), teck (1.24 per cent), IT (1.20 per cent), auto (1.16 per cent), FMCG (0.85 per cent), consumer durables (0.85 per cent), infrastructure (0.83 per cent), capital goods (0.51 per cent), realty (0.46 per cent), bankex (0.36 per cent) and healthcare (0.18 per cent).

- The BSE mid-cap and small-cap indices ended higher by 0.74 per cent and 0.64 per cent, respectively. Trading was thin across global markets on the last session of the year.

OBAMA... the MOST ADMIRED AMERICAN

For the 10th year in a row, Americans have named former US president Barack Obama and Hillary Clinton as the man and woman they admire most, according to a recent Gallup poll published today. Obama edges out President Donald Trump, 17 per cent to 14 per cent, while former secretary of state Clinton moved past Michelle Obama, 9 per cent to 7 per cent and First lady Melania Trump scored one per cent, the poll said. Obama wins over Trump, who is suffering brutally low approval ratings as he is about to complete his first year in the White House, came in second place followed by Pope Francis. Trump's approval rating sank to a new low in CNN polling in December, earning the approval of just 35 per cent of Americans less than a year into his first term. The former president has made it to the top of the list for the past 10 years, while the former presidential candidate has won 16 years in a row. Gallup said sitting presidents usually win the most admired spot, and that Obama was the first former president to top the list since second world war general and post-war president Dwight Eisenhower. "The incumbent president is the usual winner, since he is arguably the most prominent figure in the country," Gallup said in a statement. "But when the president is unpopular, other well-known and well-liked men have been able to finish first." Gallup notes that this poll has been administered 71 times since 1946 and the incumbent president has won 58 of those times and Clinton has held the title 22 times in total, more than anyone else. Results are based on telephone interviews conducted with a random sample of 1,049 adults, ages 18 and older, living in all 50 US states and the District of Columbia.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for December 29, 2017

Mid Session Better

Tithi :: Pushya Sukla Dasami

Nakshatra :: Aswini

Persons born in Rohini, Hastha and Sravana and those born in Aries and Leo are advised to be alert in their dealings.

Sensitive / Trend change Timings : 1.11PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady/Subdued and remain So till about 12.15PM and remain Better  thereafter   till about 2.00 PM and could remain Subdued till about close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 12.15 PM Long Positions can be taken with suitable SL and can be closed by about  1.45 PM. If Nifty Fut trades below ATP by about 2.00 PM, Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 10530,10565 Support : 10450,10415

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

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 astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

INDIAN ECONOMY TO BE 5th LARGEST in2018

India's economy is expected to overtake that of Britain and France to become the world's fifth largest in dollar terms in 2018 and third largest in 2032, the World Economic League Table (WELT) said today. It would be the first time when the Indian economy will overtake the UK and France in real money dollar terms, the ninth-edition of the report released by London-based Centre for Economics and Business Research showed. The world economic league table has forecast for 192 countries up to the year 2032. The report said the Indian economy has been larger than that of the majority of Western economies for most of history. It was only in 1906 that the UK economy overtook the Indian economy, while the French economy was smaller than the Indian economy until 1951. India will become the world's third largest economy by 2032, said the report, which gave the annual growth, inflation and exchange rate forecast for each of the 192 economies over the next 15 years. The countries cover an estimated 99.8 per cent of the world's gross domestic product. The forecast said that by 2030, three of the world's top four economies will be Asian -- China, India and Japan. By 2032, they will be joined in the top 10 by Korea and Indonesia. Taiwan and Thailand will enter the top 20 while the Philippines and Pakistan will feature in the top 25. The growth in the Indian economy will also drive the rest of South Asia. Its other South-Asian counter parts like Pakistan will rise from the 41st position in 2017 to 25th in 2032, while Bangladesh will rise from the 43rd position to 31st in 2032. About China, the report said that the country will overtake the US economy in 2030. This remains a remarkable achievement from an economy that was only 12 per cent the size of the US economy as recently as 2000, it added. Since the impact of US President Donald Trump on trade has been less severe than expected, the report said the United States will retain the number one spot for a year longer, till 2029, than it was anticipated in the 2017 Cebr report. It highlights how construction and infrastructure projects will change the shape of the world by 2032. Indian infrastructural projects will rebuild the world's most populous country, which will spend an amount as large as Canada's GDP on infrastructure. Key projects include the Delhi-Mumbai Industrial Corridor, the Indian Smart Cities Project and more than 80,000 kms of new highways.

ASTRO TECHNICAL GUIDE FOR NIFTY

for December 28, 2017

Mid Session Better

 

Tithi : Pushya Sukla Dasami

Nakshatra : Aswini

Persons born in Rohini, Hastha and Sravana and those born in Aries and Leo are advised to be alert in their dealings. Combination of Day and Tithi are favourable,

Sensitive / Trend change Timings : 1.11PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady/Subdued and remain So till about 12.15PM and remain Better thereafter till about 2.00 PM and could remain Subdued till about close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 12.15 PM Long Positions can be taken with suitable SL and can be closed by about 1.45 PM. If Nifty Fut trades below ATP by about 2.00 PM, Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 10530,10565 Support :10450,10415

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

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 astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

ASTRO TECHNICAL GUIDE FOR NIFTY

for December 27, 2017

Generally Better

Tithi :: Pushya Sukla Navami

Nakshatra : Revathi

Persons born in  Kittika,Uttaa and Uttaashadha and those  born in Aries and Leo are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 1.46PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Bette and remain So till about 12.15PM and remain Subdued thereafter till about 1.50 PM and remain Better till about close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM Long Positions can be taken with suitable SL and can be closed by about 12.15 PM. If Nifty Fut trades above ATP by about 2.00 PM, Long Positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance :10570,10605 Support :10490,10455

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

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 astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

CRUDE PLAYS SPOILSPORT

RATE CUT UNLIKELY IN NEAR FUTURE

Firming crude oil prices in the global market is likely to cast its shadow on retail inflation, which has began to move northwards after hitting a low of 1.46 per cent in June, and may prompt the RBI to hold interest rates at least for some time in 2018. Experts are unanimous that crude oil will be a spoilsport next year. Besides global oil prices, the impact of implementation of 7th Pay Commission, including the hike in house rent allowance, is likely put pressure on prices. Retail inflation may average around 4-4.5 per cent next year, higher than an expected sub-4 per cent level this year, feel industry experts and economists. Retail inflation, which has a direct implication on common man and forms basis for the Reserve Bank (RBI) while reviewing policy decision, ranged between 1.46-4.88 per cent in 2017. Whereas the consumer price index (CPI) based retail inflation was at the year's lowest level of 1.46 per cent in June, it hit a eight-month high of 4.88 per cent in November. The RBI too has upped its inflation projection to 4.2-4.6 per cent by March 2018 due to firming global oil prices and uncertainty on kharif farm output. It aims to achieve a medium-term target of 4 per cent for retail inflation with band of plus/minus 2 per cent. The experts also feel that going forward the goods and services tax (GST) will be beneficial on the pricing front. GST, which came to effect from July 1, put somewhat upward price pressure on most of goods and services and forced the government to review the slabs under the new tax system and brought down tax rates on nearly 200 items. Jaitley hinted that the government may further rationalise GST rates but that will depend on revenue collections. Reserve Bank kept the repo rate unchanged at 6 per cent citing inflationary concerns in its last monetary review in early December, primarily because of rising crude oil prices, pay hike for central government employees and summer crop production. It had cut the repo rate by 0.25 per cent to a six-year low of 6 per cent in August this year. The industry watchers said RBI will most likely tab a pause button in its next monetary policy review in February as well.

- Ranging between 0.90-6.55 per cent, wholesale price based WPI inflation moved in an inverted curve trajectory in 2017. Wholesale prices rose between 5.25-6.55 per cent in first three months, touched lows of 0.90-1.88 per cent mid-year before gaining momentum to 3.93 per cent in October (WPI inflation data for November is due in January).

- This price trend certainly kept the government in a comfortable situation this year, however fire fighting will be needed next year as majority of India's imports bill stem from crude oil purchases.

"Inflation numbers for the next couple of months could be around 4 per cent to 4.5 per cent. Even though the inflation average for current fiscal could be 3.5-3.7 per cent, next year the inflation average could go up to 4.5 per cent. Any rate action from the RBI is unlikely before second half of 2018. But, even if inflation goes to 5 per cent, it will be within RBI's inflation target of 4-6 per cent. Crude prices are now around USD 65 per barrel that could be one source of inflation rise" 

Soumya Kanti Ghosh, Chief Economist, SBI Research

Going into 2018, some upside momentum in inflation is likely to build up as it starts incorporating the recent increase in crude oil prices. Upward adjustment in housing allowance for the government employees under the 7th Pay Commission and some pass through of GST rates will also push prices. I expect average CPI inflation to pick up gradually towards 4.7 per cent in 2018. The average inflation is likely to stay around 4.1-4.2 per cent, close to RBI's medium term target of 4 per cent. Hence, I expect the RBI to stay on a prolonged pause through 2018".

Rana Kapoor, MD and CEO, Yes Bank

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Scripwise Movements with a bit Bearish Bias

Outlook for the Week 26.12.2017 to 29.12.2017

NIFTY :: 10493 (+160)

Nifty traded in a range of 10075 to 10501 during last week and closed nearer to the High of the range for the week at 10493 with a Gain of 160 Points, a Gain of about 1.55%. Market had closed with a Positive outlookOn Monday morning, market lost heavily when Gujarat Election results were a bit negative.

During the Next  Week, Moon would be   transiting   from Uttarabhadra to Revathi constellation during Tuesday to Wednesday and would  form  a range, which if it breaks on the Upper Side it would become Bullish and if it Breaches on the Downside, it would become Bearish.

- The short term trend is quite Bulliish. It is Bullish for Both Medium Term and Long term. However, Short term would become Bearish if Nifty comes Down and closes below 10300.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10302, 10292, 10177 and 9779 respectively and would act as Supports and Resistances.

- Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than about Ten months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and hence can be considered as Bullish.

Technical Levels...

Breakout level : 10575 Breakdown level :10350

Bullish above 10570 with Resistance at 10640, 10700

Bearish below 10425 with Supports at 10355, 10280

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 Uttarabhadra 2 nd Pada in Pisces to Bharani 4 th Pada in Aries.

- Sun transits from Moola 4 th Pada in to Poorvashadha 1 st Pada in Sagittarius.

- Mercury gets into Direct motion and moves from Jyeshta 1 st Pada in Scorpio to Jyeshta 2 nd Pada in Scorpio.

- Venus transits from Moola 3 rd Pada in to Moola 4 th Pada in Sagittarius.

- Mars transits in Visakha 1 st Pada in Libra .

- Saturn transits in Moola 2 nd Pada to Moola 3 rd Pada in Sagittarius and moves in Taurus and Gemini Navamsas.

- Jupiter transits in Visakha 1 st Pada in Libra and moves in Aries Navamsa.

- Rahu and Ketu move to Capricorn and Cancer and in Cancer and Capricorn Navamsas.

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

Closing Subdued (for Tuesday)

Tithi :: Pushya Sukla Ashtami

Nakshatra :: Uttarabhadra

Persons born inBharani, Pubba and Poorvashadha and those  born in Aries and Leo are advised to be alert in their dealings.

Sensitive / Trend change Timings : 1.32PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Subdued and remain So till about 10.00AM and remain Better thereafter till about 11.30 AM and Steady / Subdued till about 2.50 PM and could remain Subdued thereafter till close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 10.00 AM Long Positions can be taken with suitable SL and can be closed by about 11.30 am. If Nifty Fut trades below ATP by about 2.50 PM,Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 10480,10515 Support : 10400,10365

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

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 astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

ASTRO TECHNICAL GUIDE FOR NIFTY

for December 22, 2017

Volatile Movements

Tithi :: Pushya Sukla Chavithi

Nakshatra :: Sravana

Persons born in Punarvasu, Visakha and PBhadra and those  born in Aquarius and Gemini are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.23 AM ;12.27PM;

2.46 PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady/ Better and remain So till about 12.30PM and remain Subdued thereafter till about 1.30 PM and Better till about 2.45 PM and could remain Subdued till close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM Long Positions can be taken with suitable SL and can be closed by about  12.30 pm. If Nifty Fut trades below ATP by about 2.45 PM,Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 10480,10515 Support :10400,10365

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

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 astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

153 IPOs, Rs.75,400 Crores

EY Report on Indian Market

As many as 153 initial public offers hit the Indian stock market this year, raising USD 11.6 billion, according to an EY report that says activity "looks good" for 2018 as well. According to the report released today, the fourth quarter (October-December) of this year saw 22 IPOs hitting the market, an increase of 47 per cent quarter-on-quarter (Q- O-Q) in terms of number of deals. "India's BSE, NSE and junior markets recorded a 74 per cent increase in deal numbers in 2017 compared with 2016, with 153 IPOs raising USD 11.6 billion," the report said. In Europe, the Middle East, India and Africa region (EMEIA), BSE and SME exchanges recorded the highest proceeds worth USD 5.5 billion through 17 IPOs, the EY Global IPO Trends: 2017 (Q4) report added. The largest IPO by proceeds was General Insurance Corp of India worth USD 1.7 billion in the region.
"The stability of the political landscape in India with continued focus on reform agenda by the government and significant tax reforms as proposed by the US regulator is likely to trigger another wave of strong growth in the capital market to enjoy a preferred position in terms of capital allocation by investors. "The Indian IPO market in particular looks good for FY 2018 with the return of foreign institutional investors and strong investor sentiment creating a bullish investment climate," said Sandip Khetan, Partner and National Leader, Financial Accounting Advisory Services (FAAS), EY India.
The report further said that 2017 saw the highest deal numbers and proceeds on record, reflecting the country's economic strength and rising investor appetite. The combination of primary market growth and overall economic growth is set to make India a highly attractive emerging market for investments in the coming months, it said.
"The current market valuations offer a great opportunity to existing investors, however sustenance of the bull run in the long run will depend on a balance between offer for sale and fresh equity for growth," said Vish Dhingra, Partner, EY India.
"India's IPO market looks good for 2018. The combination of primary market growth and overall economic growth is set to make India a highly attractive emerging market for investments for the coming months," the report added.
Emerging markets contributed strongly to overall IPO performance, with India's BSE and NSE recording a 74 per cent increase in deal numbers in 2017.
The top three sectors by highest number of IPOs in EMEIA region are technology, industrials and financials.

ASTRO TECHNICAL GUIDE FOR NIFTY

for December 20, 2017

Opening Better

Pushya Sukla Vidiya:

Nakshatra ::Purvashadha/ Uttarashadha

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

Sensitive / Trend change : 1.13 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 11.35AM and remain Subdued thereafter till about 1.10 PM and Better till about 1.25 PM and could remain Steady thereafter till about 3.05 and could remain Subdued till close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM Long Positions can b e taken with suitable SL and can be closed by about 11.30 am. If Nifty Fut trades below ATP by about 3.00 PM,Short Positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 10505,10540 Support :10425,10390

----------------------------------------------
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 astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

BJP RETAINS POWER IN GUJARAT

The BJP fought off a strong challenge from Rahul Gandhi-led Congress to win the Gujarat assembly polls for the sixth straight time today, and also wrested power from the Congress in Himachal Pradesh with a close to two-thirds majority. The twin victories tightened BJP's grip over the country's politics that saw Congress lose one more state with general elections only 18 months away. Still, the euphoria in the BJP camp was tempered by the lower-than-expected margin of victory in Gujarat -- it took 99 seats in the 182-member assembly, down from 115 it won in 2012, and far lower than the 150-plus seats it had hoped for. The Congress won 77, up by 16 seats at the end of counting of votes in the Gujarat polls tonight that was marked by acrimonious exchanges and rhetoric during the high octane campaign. Prime Minister Narendra Modi hailed the party's victory in Gujarat--where it has been continuously in power since 1998 --as "unprecedented", noting that retaining office was once considered a huge achievement in the country. Modi also said the win in Gujarat this time was not 'samanya' (normal) but 'asamanya' (special). He accused the Congress of promoting casteism in the elections, and said there were "many forces at work" besides the opposition party to bring the BJP down. "In their hunger for power, some people tried to sow the seeds of casteim in the last few months for the elections. The people rejected it," he said.
Gujarat is a prestigious trophy for the BJP given that both Modi and BJP President Amit Shah hail from the state. The two leaders personally led a high-pitched campaign to counter Gandhi, who grew in influence with well chosen homilies, one- liners and clever barbs to target the BJP on issues such as GST, corruption and development. The elections, especially the Gujarat polls, became a virtual trailer for the next Lok Sabha elections, which should be held before May 2019. Today's victories establish not only the BJP's supremacy but also Modi's apparent invincibility. Yet, it also made Gandhi, who recently assumed Congress presidentship, a serious challenger as he appeared more confident in taking on the BJP stalwarts. Shah pointed out that though the BJP lost 16 seats in Gujarat, its vote share rose by a little over 1 per cent to 49.1 per cent compared to the 2012 Assembly polls.
The Congress, which had 61 in 2012, also improved its vote share, which touched 41.4 per cent--a two per cent increase. The Congress was also helped by young Patidar and Dalit leaders Hardik Patel, Alpesh Thakor and Jignesh Mewani in its campaign against the BJP.
"This is double joy for me," said Modi, a former Gujarat chief minister, in a victory speech at the BJP headquarters in New Delhi. He said he was happy that his successors continued the development work which he had spearheaded during his stint as chief minister from 2001 to May 2014. In a tweet, Modi said: "I assure (people of Gujarat and Himachal Pradesh) that we will leave no stone unturned in furthering the development journey of these states and serve the people tirelessly."
Regaining power in Himachal Pradesh, the BJP bagged 44 seats, falling short of a two-thirds majority by two seats in the 68-member house. The BJP, which had won 26 seats in 2012, recorded a 10 per cent jump in vote share that touched 48.7 per cent. The Congress bagged 20 seats and was leading in one. The ruling party had 36 seats earlier, and its vote share declined by 1 percentage point to 41.8 per cent. The CPI-M and an independent bagged one each. An independent was also leading in one seat.
Amid the victories, there was some disappointment for the BJP -- Prem Kumar Dhumal, the party's chief ministerial candidate in the hill state, lost to Congress' Rajinder Rana in Sujanpur, after he changed his traditional constituency of Hamirpur. He was made the CM face only nine days before the polling.
In a tweet, Gandhi said his party "accepts the verdict of the people and congratulates the new governments in both states." He thanked his party members for fighting "anger with dignity."
The Congress now rules only Karnataka and Punjab among the major states, besides Puducherry, Meghalaya and Mizoram. Karnataka elections are due next year. "We have set a record in the history of the BJP by winning consecutive assembly polls... Anti-incumbency is not working there. The prime minister's popularity is intact. Amit Shah's strategy has worked," BJP vice president Shyam Jaju said. As the victories became clear, party workers gathered in the streets and headquarters, distributing sweets and bursting firecrackers. The BJP's dip this time was touted by the Congress as a reflection of Gandhi's efforts during the campaign, when he appeared to have improved his reputation as a politician. "The Congress' tally has gone up there, while the BJP's numbers have fallen. This is the start of Rahul Gandhi's political story," senior Congress leader Kamal Nath told reporters outside Parliament. The BJP said what matters is the victory. "Jo jeeta wohi Sikandar (whoever wins is the king)," said Union minister Smriti Irani, when asked if the Congress gave her party a tough fight. Gujarat Chief Minister Vijay Rupani retained his Rajkot West seat, defeating Indranil Rajyaguru of Congress. The Dec. 9 and 14 elections took place in the backdrop of GST and demonetisation, which the opposition had claimed would inflict a huge dent in Modi's popularity. Gujarat Deputy Chief Minister Nitin Patel won the Mehsana seat against Congress candidate Jivabhai Patel. Mehsana was the epicentre of the Patidar reservation agitation. The BJP has won every election in Gujarat since 1995. However, it was out of power for a couple of years in between elections due to party infighting and rebellion by Shankersinh Vaghela. BJP came back to power in 1998, and has ruled uninterrupted since then. In Himachal Pradesh, Congress veteran and six-time Chief Minister Virbhadra Singh won the Arki constituency. The state has a tradition of a change in the government every election.

ASTRO TECHNICAL GUIDE FOR NIFTY

for December 19, 2017

Generally Better

Tithi :: Pushya Sukla Padyami

Nakshatra ::Moola/ Purvashadha

Persons born in Mrigasira, Chitta and Dhanishta and those  born in Capricorn, Taurus are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.07 AM ;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady / Subdue and to remain Better from 10.10AM till about 11.45AM and remain Subdued thereafter till about 1.20 PM and to remain Better thereafter till about 2.55 PM and to remain Subdued till close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 10.15 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 11.45 AM. If Nifty Fut trades above ATP by about 1.30 , Long Positions can be taken with suitable SL and such positions can be closed by about 2.50 PM.

Technical Levels...

Resistance : 10430, 10465 Support : 10350,10315

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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 astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

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