WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Sell on Rise

Nifty Outlook 16.11.2015 to 20.11.2015

NIFTY :: 7762 (-192)

Nifty traded in a clear Bearish way and fell further by about 200  points by about 3%, completing 3 weeks of bearishness.   Bihar election results came out in the most unexpected way.    

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8085, 7981, 8196 and 8338.  respectively and would act as supports / resistances. 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 ::

Bullish above 7850 with resistance at 7925, 8000, 8075

Bearish below 7700 with Supports at 7625, 7550, 7475.

Breakout level : 8000 ; Breakdown level : 7650.

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 Last week’s Close.

Planetary Position...

Moon would be transiting  from P Shadha 3 rd  Pada   in Sagittarius   to   Sathabhisham 4th  Pada in Aquarius,   

Sun transits in  Visakha 3 rd    Pada in Libra   to Anuradha 1 st   Pada in Scorpio.

Venus transits in  in Hastha 2 nd    Pada  in Virgo to Hastha 3 rd   Pada in Virgo.  .

Mars transits in   Virgo  in  Uttara 4 th  Pada.to Hastha 1 st  Pada in Virgo. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 3^rd  Pada  and in Libra Navamsa .

Jupiter ,, transits in  Leo in  Poorva Phalguni  4 th  Pada in  Scorpio  Navamsa .  

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

Moon transits in Dhanishta and Sathabhisham constellations on 19^th  and 20^th and the range of these Two days will be reference range for the next Three weeks and Nifty wiould be Bullish above the High and Bearish below  the low.

TUR DAL @ 140 In 24x7 Fresh

As pulses prices remain high, online grocery firm 24x7 Fresh today said it will sell tur dal at Rs 140 per kg as against the current market price of around Rs 200 per kg. Similarly, moong dal would be sold at Rs 115 as against prevailing market price of Rs 140 per kg, the e-commerce startup said in a statement. A customer can only buy 1 kg of each variety of pulses at a time, it added. Pulses would be sold at this rate from tomorrow. Meanwhile, Mother Dairy's retail outlet Safal and Kendriya Bhandar are selling imported tur dal at Rs 120 as part of the government's measures to boost domestic supply and control pulses prices. The startup, which is operates in Delhi, Bengaluru, Gurgoan and Noida, is also making available other pulses at competitive prices. Pulses prices have risen sharply due to fall in domestic production by two million tonnes in 2014-15 (July- June) on poor rains. Retail prices of tur and urad are ruling up to Rs 190-200 per kg. 

FOOTFALLS IN MALLS DRASTICALLY DOWN

Shopping malls in major cities may witness a decline of more than half in footfall this Diwali, with the trend of online buying catching up on the back of discounted sales by e-tailers, a survey today said. "In the wake of unprecedented surge in e-commerce, shopping malls, already under huge pressure due to large vacant spaces, are expected to see a sharp decline in the footfalls to the extent of 55.58 per cent during the ongoing festive season this year," a survey by Assocham revealed. Delhi-NCR has recorded the highest decline in footfalls in the city malls. As per the survey, about 120-150 malls in Delhi-NCR were launched in the past two years but almost 65-70 per cent of the spaces in many of these malls remains vacant. "Several malls, unable to attract the shops, are even shutting down," the poll said, adding that the major factors that attributed to this situation are economic slowdown, online shopping, high interest rate and inflation in consumer goods. The survey drew responses from major cities in the NCR (National Capital Region), apart from Delhi, Mumbai, Chennai, Ahmedabad, Kolkata, Hyderabad, Bangalore, Chandigarh and Dehradun. In the nine major cities, more than 59 percent of the total mall space remains vacant, with Delhi-NCR topping the list with 68.5 percent, followed by Mumbai at 65 per cent, Ahmedabad (61 per cent) and Chennai (60 per cent). According to the survey, several developers have already started giving rent-free period of up to six months for big brands to lure retailers. Both retailers and consultants seem convinced that the mall magic seems to have disappeared in a puff of smoke on the back of the economic slowdown, poor revenue model, low footfalls-to-sales conversion and lack of special purpose malls, the survey added. The festival season this year has triggered a huge rise in online shopping and may cross the Rs 55,000-crore mark, resulting in the halving of footfalls in malls in places like Delhi, Mumbai, Chennai, Ahmedabad, among others Assocham said. The study reveals that there may be a five-fold increase in the revenue clocked in by the eCommerce websites in categories including mobile phones, electronics, designer furniture, home decorations, apparel, accessories, jewellery and footwear.

Further Bearishness Below 8000….. !!!

Nifty Outlook for Next Week 02.11.2015 to 06.11.2015

NIFTY :: 8066 (-- 229)

Nifty traded in a clear Bearish way and fell on all the Five trading sessions by about 3% (including the First day of the new Derivative series of November). Next week also, market would be driven by global cues as it will be discounting Bihar Election results.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8166, 8016, 8205 and 8351.  respectively and would act as supports / resistances. Nifty is trading  only above     the  50 DMA.

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 8150 with resistance at 8225, 8300, 8375

Bearish below 8000 with Supports at 7925, 7850, 7775.

Breakout level 8200 ; Breakdown level 7950.

Advice for Traders ::

Nifty has once again changed its Medium term with Nifty having closed below  8100. Nifty would face strong resistance   around 8100, above   which it will have real bullishness .

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

            

Planetary Position...

Moon would be transiting  from Punarvasu 3 rd Pada   in Gemini   to Poorvashadha 3rd  Pada in Leo.   

Sun transits in  Swathi 3 rd    Pada in Libra   to Swathi 4th   Pada in Libra.

Mercury   transits  in Chitta 4 th   Pada  to  . Chitta 2nd  Pada. .  

Venus transits in  in Uttara Phalguni 1 st  Pada  in Leo to Uttara Phalguni 2nd   Pada in Virgo.  .

Mars transits in   Leo in  Uttara 1 st  Pada.and UTtara 2^nd Pada in Virgo. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 3^rd  Pada  and in Libra Navamsa .

Jupiter ,, transits in  Leo in  Poorva Phalguni 3 rd d  Pada in Libra   Navamsa .  

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

AFRICAN LEADERS IN TRADITIONAL INDIAN ATTIRE IN NEW DELHI

TRENDS OF PETROL CONSUMPTION IN INDIA

Mobile App for forex Fxkart.com launched

Fxkart.com, the online aggregator of foreign exchange dealers, today launched India's first forex booking mobile app for exchange of foreign currency. The UAE-based Free Zone company, Fxkart.com, aims to change the way consumers buy/sell forex in India through the use of technology. The app is available on iOS and Play store platforms, Fxkart.com said. The company has its R&D (Research and Development) Centre at Bengaluru, and is currently reaching out to people at more than 650 locations across India, it said in a statement here. Fxkart.com aims to provide the consumers with the ease of instantly booking forex requirement by locating the cheapest and nearest dealer in the city, bringing convenience to the traveler/tourist to book forex with a click, it added. "The new app would answer all customer queries about foreign exchange through a personalised chat option. The app is geo-located, where users can enter the city or the locality from where they want to collect the foreign exchange, and automatically the screen would display the RBI licensed money changers in and around the locality along with the best rate," Fxkart.com CEO Abdul Hadi Shaikh said. "Users will have to then select the best offer and based on customer requirement they can either collect it from the store or have it home delivered," he added. International tourists have an option to book it even before they travel to India and can get the deal once they land at the airport. In the next update, customers will have an option to upload their documents, thus making a hassle free, haggle free transaction, it said. The "biggest advantage" of this app is that the customers can compare rates at transit destinations too and if the rate is better, they can easily book a deal and order it at the airport or at their hotel too, the company said. 

LATE BUYING SUPPORTS SENSEX TO SETTLE ABOVE 27000

Fag-end buying saved the day for domestic market as the BSE Sensex reversed all of its early losses and settle 204.46 points higher at 27,214.60, tracking firm global cues, while Nifty reclaimed the 8,200-level. In early trade, the 30-share Sensex cracked below the 27,000-mark by dropping 93 points to hit a low of 26,917.12 as investors booked profits in recent gainers after the country's exports in September dropped for the tenth straight month. However, on across-the-board buying in late session, the index recovered from early losses to end at 27,214.60, up 204.46 points or 0.76 per cent. Meanwhile, the 50-issue NSE Nifty recaptured the crucial 8,200-mark and settled 58.65 points or 0.72 per cent higher at 8,238.15. It slipped to a low of 8,147.65 during the day. With today's late rally, both Sensex and Nifty climbed 135.09 points (0.49 pc) and 48.45 points (0.59 pc), respectively, for the week, to log third-straight weekly rise. Market commenced lower as participants locked in gains in blue-chips that made sizeable grounds in yesterday's session amid slump in exports and a weakening rupee. Country's exports shrunk for the tenth straight month by 24.33 per cent in September to USD 21.84 billion due to steep fall inbound shipments of petroleum products, iron ore, and engineering goods amid tepid global demand. Reliance Industries, which surged 1.07 per cent at Rs 913.70 ahead of its Q2 earnings, helped in the success story. Moreover, Maruti Suzuki continued its upward journey and gathered another 1.56 per cent to Rs 4,448 on expectations of pick up in its sales during the ongoing festive season. Other stocks from the auto space too perked up with Tata Motors rising by 1.72 per cent to Rs 387.25, followed by M&M 1.19 per cent, Bajaj Auto 0.42 per cent and Hero MotoCorp 0.88 per cent. Out of the 30-share Sensex, 20 ended higher. Gains in L&T, SBI, ONGC, HDFC Bank, HDFC, ICICI Bank, Dr Reddy's, NTPC, Axis Bank, ONGC, Cipla, BHEL, GAIL, TCS and Sun Pharma also contributed. Globally, Asian markets closed at almost two-month highs. Hong Kong's Hang Seng ended 0.78 per cent higher, while Shanghai Composite closed 1.60 per cent up. Japan's Nikkei too up 1.08 per cent. European markets were slightly higher in their early trade as another batch of weaker-than-estimated economic reports from China, Europe and the US boosted hopes that central banks will maintain stimulus measures. 

SENSEX REGAINS 27000

Indian shares closed in green after three days, mirroring a firm global rally as a weak US data reduced the odds of the Federal Reserve raising rates this year, propelling the BSE Sensex again to the 27,000-level. Spurt in auto stocks gave a further fillip to the market mood with the sector index logging a gain of 2.33 per cent. The benchmark BSE Sensex resumed higher at 26,842.19 and firmed up further to 27,037.95 before closing at 27,010.14, showing a gain of 230.48 points or 0.86 per cent. Tata Motors was the top index gainer with a surge of 8.06 per cent as its Jaguar Land Rover unit reported a 3 per cent rise in September sales. Other automakers including Maruti Suzuki, Hero MotoCorp and Bajaj Auto also notched up smart gains on hopes of a surge in sales during the festive season. Meanwhile, the US Commerce Department yesterday reporting that retail sales inched up by 0.1 per cent in September triggered a massive rally in Asian and European markets as the data reinforced hopes of a Fed rate hike delay. "India is experiencing a benefit from the same with strong uptick in Asia and EMs," said Vinod Nair Head-Fundamental Research of Geojit BNP Paribas Financial Services. As a result, the 50-share NSE Nifty also perked up by 71.60 points or 0.88 per cent to close at 8,179.50. The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower. All the other sectoral indexes ended in green. The 30-share Sensex lost 300 points in last three days on disappointing second quarter earnings numbers of technology companies including TCS and Infosys. The bearish mood turned for the better today on buying in auto, refinery, metal, capital goods and power sector stocks. Major BSE gainers included BHEL 3.02 per cent, Tata Steel 2.94 per cent, GAIL 2.16 per cent, Coal India 2.14 per cent, ONGC 2.04 per cent, SBI 1.92 per cent and Lupin 1.84 per cent. However, M&M, Wipro, Hindalco, Hind Unilever, Cipla, NTPC, TCS and Infosys ended up to 0.86 per cent lower. Chinese stocks led gains in Asian markets amid fresh signs of reform for their state-owned firms. Indices like China, Hong Kong, Japan, Singapore, South Korea and Taiwan rose in the range 0.93 per cent to 2.32 per cent. European stocks were also higher as expectations build that the Federal Reserve will delay raising interest rates. Key indices like France, Germany and the UK firmed up between 0.96 per cent to 1.37 per cent. 

Strong Support for Nifty @ 8100 …!

Outlook for 12.10.2015 to 16.10.2015

NIFTY :: 8190    (+240)

Nifty gained  far above the reisstance level of 8050 and finally closed around 8190 level with a 3% uplevel..

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7940, 8097 8220 and 8366.  respectively and would act as supports / resistances. Nifty is trading  below  half  of   the  averages  which is a matter of  concern.

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

Moon transits between Uttarabhadra and  Revathi during 28^th September and 29^th September 2015. Highest and Lowest levels during these days would be the reference range for the next Three Weeks  s.

Nifty’s Highest and Lowest levels during the above period was 7921 and 7691 and traded above the highest levels thereafter till about 8240.

Trend change has taken place Nifty during the week with Nifty closing at more than 8110. Medium term would once again turn bullish only if Nifty is able sustain above 8150 for One more week. . Nifty would face strong support  around 8100, below  which it will have real bearishness .

Technical Levels ::

Resistance at 8325, 8400, 8475 (Bullish above 8250)

Supports at 8050, 7975, 7900 (Bearish below 8125)

Breakout level 8300 ; Breakdown level 7900,..... 

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 Last week’s High.

Planetary Position...

Moon would be transiting  from Hastha  2^nd    Pada  in Virgo    to Anuradha 1 st  Pada in Scorpio

Sun transits in  Chitta 1^st  Pada in Virgo  to Chitta 2 nd   Pada in Virgo.

Mercury turns direct and   transits  in Uttarashadha 4 th  Pada  to  . Hastha 1^st Pada. .  

Venus transits in  in   Makha 3 rd Pada  in Leo to Makha 4 th Pada in Leo. .

Mars transits in   Leo in  Pubba 1^st Pada to Pubba 2^nd Pada. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 2 nd  Pada  and in Virgo Navamsa .

Jupiter ,, transits in  Leo in  Pubba 2 nd  Pada in Virgo  Navamsa .  

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