Morning Mantra for 18'th Feb 2014 sent to paid clients in morning

While presenting the budget for FY2014-15 (vote on account-interim budget), the last of the United Progressive Alliance-II government, the finance minister tried to manage market expectations relating to the containment of the twin deficits and the goal of a higher growth (6% for FY2015). The tweaking of the indirect tax rates in favor of some sectors like automobiles (auto), fast moving consumer goods (FMCG) and capital goods could be seen as a last ditch attempt to address the concerns that have been triggered by the economy's slowdown. Though the budget has set a tall target for growth and deficits, but it has failed to touch the problems of several other sectors and the structural problems on both the revenue and expenditure fronts. Within its constraints, the interim budget does touch upon some issues but going ahead, the market's focus will shift to the other events, mainly the general election and global cues.

Highlights of interim budget.

· The gross domestic product (GDP) growth is estimated at 4.9% for FY2014 which implies a growth of at least 5.2% for Q3 and Q4 of FY2014.

· The fiscal deficit (FD) is estimated at 4.6% for FY2014 (vs the budgeted target of 4.8%) and is pegged at 4.1% (Rs5.24 lakh crore) for FY2014. The FD target for FY2017 is 3% of the GDP.

· The revenue deficit is estimated at 3% for FY2015 vs 3.3% in FY2014. The government expects a 19% growth in its tax revenues and Rs56,900 crore from divestment proceeds (vs Rs25,800 crore in FY2014).

· For FY2014 the current account deficit is estimated at $45 billion, which is significantly lower than $88 billion in FY2013.

· The planned expenditure for FY2015 has been maintained at FY2014 levels while the non-planned expenditure has been pegged slightly higher at Rs12.08 lakh for FY2015.

· The gross borrowings of the government are pegged at Rs5.97 lakh crore (lower than the expectations of Rs6.25 lakh crore), which is slightly higher than the revised figure of Rs5.63 lakh crore in FY2014. However, the net borrowings are pegged at lower than the FY2014 figure of Rs4.57 lakh crore.

· It envisages capital infusion of Rs11,300 crore (vs Rs14,000 crore in FY2014) in the public sector banks (PSBs).

(Source:- Some leading brokerage houses reports)

Nifty future closed 6098 on 17th Feb 2014 up by 40 point. Yesterday Nifty future made a high 6099 and low of 6045. SGX nifty down by 4 points at 6093. American market closed yesterday on account of “president day”. European market closed mixed and Asian trading mixed or flat to negative. Yesterday nifty future could not cross resistance of 6100. 

NIFTY INTRADAY SCIENTIFIC CHART 18'th Feb 2014

(Expected to happen during market timing)

Today we expect nifty to take support around 6045,6070 at lower level and resistance around 6120,6135. We have slow positive trend. Today we may see choppy trend in market. We all now have resistance zones like 6100,6120,6135 so it’s slow positive trend. As written earlier in weekly outlook reliance is not showing strength in market. Banknifty will also see positive trend. We see positive closing in nifty future between 15 to 25 points on closing basis. We are stuck in range that is a problem for traders not finding volatility or clear volume with follow up.

Thanks & Regards

Nishant Jani

9374083399

Morning Mantra for 17'th Feb 2014 sent to paid clients on Sunday

Today we have positive trend in the market. We have also Vote on account budget presentation today. We might see initial caution or lower trend for first 15 to 20 minutes. We have positive trend through out day so buying is recommend in initial 15 to 20 minutes.We see positive trend for Banknifty and bank stocks. Today positive closing of 30 to 40 points in nifty future.

Although its vote on account it might non budget event still we have to budget commentaries and its details
 

NIFTY INTRA-DAY SCIENTIFIC CHART 17th Feb 2014
(Expected to happen during market timing)

Thanks & Regards
Nishant Jani
9374083399

Morning Mantra for 14th Feb 2014

Nifty future closed 5998 on 13^th Feb 2014 down by 101 points. Yesterday Nifty future made a high 6104 and low of 5997. SGX nifty up by 39 points at 6036. American market closed positive, European market closed positive and Asian trading positive today. Now SGX up and we up with gap up effect. On Monday we have vote on account for budget suddenly now keep fingers crossed…. Yesterday we had major selling may be because of Vote on Account of budget.

We have headline in one of the trusted website “Nasdaq up for sixth straight day”. If you refer to our weekly outlook we written I quote “In January when we have tapering effect by US, we were having negative effect in global market and in also their currencies. Dollar was getting stronger against the world currencies (Seen major fall in world market). In February tapering is continued even with a higher pace means US market is stronger and because of this we see false gap up opening in our Indian market but don’t have strength to go ahead or rise in market. We doubt, FII’s or hedge funds are making basket selling just to hide things. Even in past when we have strong undertone we could not sustain at higher level or could not rise, Even Thursday and Friday give indication of this”. Same effect is seen now in our market.

Today we expect nifty to take support around 5975,5960 at lower level and resistance around 6044,6070. We have mix trend. After long days we see little positive buying from FIIS again today but screen gives us different result. After opening higher we might see again profit booking in market. If you observe on positive days we ignore positive news but on bad days we fall heavily. On posting positive result none of companies risen higher but on bad results companies punished heavily.  Again we request keep your positions light because of vote on accounts.

On 12^th Feb we written

In nifty future who taken carry forward position after looking our calendar or charts can book profit between 6115 to 6135 or keep trailing stop loss. We are positive for throughout day it make no sense to make fresh entry in all resistance zone between 6120 to 6150 (6120,6135,6150). We have events lying of Rail budget vote on account, CPI & IIP data end of day. Further we have mixed trend for today and tomorrow. So risk reword in new entry at higher level is not favorable however aggressive traders can trade for margin gains.

Please do not carry forward any long or major position today ahead of all the data or be light in positions.

On 13^th Feb we written

Today we expect nifty to take support around 6045,6070 at lower level and resistance around 6124,6135. We have mix trend. After long days we see little positive buying from FIIS. Today we may see choppy trend in market. As SGX suggests we may open in rage between 6110 to 6120 and we may post high around 6135 to 6140. All this high price zone in nifty future are according to us resistance zone so nifty future will always found difficult to cross. Nifty future might see negative bias after European market opens in negative. We might close flat to negative of 5 to 10 points in nifty future. Overall conclusion is we trade positive in initial trading but as market progresses we lose strength and close flat to negative. In nifty future we find very small trading range in market so traders are advised to churn their trading strategies with small margin of profits.

Thanks & Regards

Nishant Jani

9374083399

Morning Mantra for 12'th Feb 2014 sent to paid clients

Nifty future closed 6060 on 11^th Feb 2014 down up 13 point. Yesterday Nifty future made a high 6095 and low of 6066. SGX nifty up by 40 points at 6114. American and European market closed positive up approx  1% and Asian trading positive on statement of Jannet yallen regarding package of QE3 and liquidity in the system.

Today we expect nifty to take support around 6050 at lower level And resistance around 6097,6124. Today we have positive trend in the market as per chart. As per our calendar we have a green color today which means we have positive closing today. After gap up opening in nifty, Nifty will find strong resistance between 6120 to 6140. Traders who taken carry forward position in tatasteel stock on back of good result can book profit in gap up opening or keep suitable stop losses (Weekly outlook of Sunday).

In nifty future who taken carry forward position after looking our calendar or charts can book profit between 6115 to 6135 or keep trailing stop loss. We are positive for throughout day it make no sense to make fresh entry in all resistance zone between 6120 to 6150 (6120,6135,6150). We have events lying of Rail budget vote on account, CPI & IIP data end of day. Further we have mixed trend for today and tomorrow. So risk reword in new entry at higher level is not favorable however aggressive traders can trade for margin gains.

NIFTY INTRADAY SCIENTIFIC CHART 12'th Feb 2014
(Expected to happen during market timing)

Please do not carry forward any long or major position today ahead of all the data or be light in positions.

Thanks & Regards

Nishant Jani

9374083399

Morning Mantra for 10'th Feb 2014 sent to paid clients on Sunday.

For 10th Feb 2014 Monday:-

Yesterday American & European market closed positive. SGX nifty is trading at 6110 higher at 32 points. In January when we have tapering effect by US, we were having negative effect in global market and in also their currencies. Dollar was getting stronger against the world currencies (Seen major fall in world market). In February tapering is continued even with a higher pace means US market is stronger and because of this we see false gap up opening in our Indian market but don’t have strength to go ahead or rise in market. We doubt, FII’s or hedge funds are making basket selling just to hide things. Even in past when we have strong undertone we could not sustain at higher level or could not rise, Even Thursday and Friday give indication of this.

Today Asian market after opening higher, find profit booking slowly and gradually at higher level. Because of this SGX nifty future also looses its firmness slowly. Nifty Future Friday opened 6092 made a high 6099, Low at 6036 and closed at 6078. Today 6122 is important resistance and 6070 support. Nifty future open around 6105 (because of SGX Positive and US closing) and find start profit booking around 6120. As seen in chart, gradually profit booking in market or nifty and nifty might close around 6060 to 6070.

We see profit booking in banking shares and Banknifty. Banknifty future Friday made a high 10348, Low 10182 and closed 10284. Today Banknifty may make a high 10398 and low 10200. Traders can sell Banknifty at higher prices depending higher prices of day.

NIFTY INTRADAY SCIENTIFIC CHART 10'th Feb 2014
(Expected to happen during market timing)

Thanks & Regards
Nishant Jani
9374083399 

Morning Mantra for 7'th Feb 2014

Nifty future closed 6055 on 6^th Feb 2014 up by 5 point. Nifty future made a high 6068 and low of 5975. SGX nifty up by 43 points at 6098. American and European market closed positive and Asian trading positive. All up world market up more than 1.25% except china market (Bad PMI data).

We expect nifty to take support around 6000, 6020, 6050 at lower level And resistance around 6077,6097,6120. We had also sent you next week charts please go through it (calendar already with you). We will be Gap up opening today but profit booking at higher level and  china’s bad data may come in to picture around 6097 to 6112.

Traders who hold long position in Reliance and Banknifty or nifty can book profit at higher level or may be when nifty open higher.

yesterday at 10:18 approx 70 to 80 Lac nifty future sold in basket selling (Source Newspapers and websites) so it triggered stop loss for some traders. Still nifty recovered approx 70 points from yesterday’s lower level.

NIFTY INTRADAY SCIENTIFIC CHART 7'th Feb Jan 2014

(Expected to happen during market timing)

If you want to create new long fresh position today then let just market to calm down and then create new fresh position for small gains at little lower levels. Be cautious for Monday chart already with you.

Please exit from all long in all stock and bank nifty. We are not telling you to create short today by EOD for Monday (Some traders do like That’s why we clarify). We have so see what America does today by closing basis.

Thanks & Regards

Nishant Jani

9374083399