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08.12.2019
AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 31 EFFECTS OF MONETARY POLICY

Banks, are a key constituent of the economy. They are a key vehicle throughwhich RBI implements its monetary policy and exchange rate policy. The following are keyconcepts to understand in this regard:
1.Cash Reserve Ratio (CRR)
Scheduled Commercial Banks are required to maintain with RBI, an average cash balance, theamount of which shall not be less than 6% of the total of the Net Demand and Time Liabilities(NDTL) in India. Demand Liabilities include all liabilities which are payable on demand and they include currentdeposits, demand liabilities portion of savings bank deposits, margins held against lettersof credit/ guarantees, balances in overdue fixed deposits, cash certificates and cumulative/recurring deposits, outstanding Telegraphic Transfers (TTs), Mail Transfer (MTs), DemandDrafts (DDs), unclaimed deposits, credit balances in the Cash Credit account and depositsheld as security for…
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08.12.2019 AAKASHAYA PATRA WEEKLY MARKET OVERVIEW:  The Nifty has been trading in a 200-point range in the past 14 sessions. It was at least 6 times in the last 14 days, that the index attempted to overcome the 12,000 mark on a closing basis; it managed to do so on 7th November but with a bearish formation on the charts. The Nifty did sustain above the 11,800 mark during the period but posted bearish or indecisive formations. The volumes have been below average and the market breadth was negative on most of the days. Even on a positive day like Tuesday (19th November) when the Nifty posted a 55.6 point gain, the breadth was negative. Domestic institutions have been net sellers in the month of November until now and FIIs too have turned net sellers in each of the past four trading days. The index heavyweight Reliance Industries and BFSI stocks held the Nifty near its lifetime highs. With the help of these, for the second consecutive week, the Nifty has been able to hold the crucial su…
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08.12.2019

AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:  CASTROL INDIA  ENTER LEVEL – 150 TO 140 STOPLOSS 135 TARGET 175 IN 12 MONTHS
There are early signs of Castrol India coming out of its four-year down trend. After breaking down from the `177 base of parallel lows and descending highs, it formed two lower highs and lower lows on the weekly chart. The 50-DMA is about to cross the 200-DMA. On the daily chart, it has broken out of a bullish flag pattern with a massive volume on Tuesday. It is making higher highs consistently after a flat base pattern in August'19.
It is now on the verge of a breakout with another big 150 days cup and handle pattern, with a depth of 34.8 per cent. The cup pivot or handle beginning high is at `159.4. The MACD is above the zero line and the histogram is in a bullish territory for the past 10 weeks. The RSI is in an extreme bullish zone. Stochastic has given a buy signal from an extreme oversold condition. The stock is also meeting all the CANSLI…
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20.10.2019

AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 30

SPINNING TOP (One Candlestick Pattern
Description:
The spinning top candlestick opens at (or near) its average price (i.e. its middle), and closes at a similar (but not exactly the same) price, showing that the time frame consisted of both bullish and bearish trading.
Criteria
1. Trend should be Up or Down for a good period. 2. The longer shadow in the both side with the small body. 3. The color of the small body is not important. 4. For confirmation the day after the Spinning Top signal opens lower or higher or sustain below / above the closing of the previous candle. 5. Large volume on the Spinning Top day increases the chances that a blow-off day has occurred although it is not a necessity. 6. Stop loss will be above the Spinning Top or below the Spinning Top. 7. Target 1:2 Ratio minimum for more modify stop loss time to time.
Pattern psychology:
As we saw above spinning top occurs with small real body. which sho…
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20.10.2019
AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:
GUJARAT STATE PETRONET LTD (CMP 209)  ENTER LEVEL – 200 TO 203 STOP LOSS 180 TARGET 400-500 IN 48 MONTHS
GSPL, a GSPC Group company is a pioneer in developing energy transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing markets. GSPL is continuously expanding its pipeline network currently in Gujarat to reach the demand centres by laying gas pipeline network. The company has developed requisite expertise and confidence with proven project management competencies. GSPL is first  Pipeline Company in India operating on open access basis and is a pure transmission network. The suppliers of natural gas include traders, producers and LNG terminals. The users comprise industries such as power, fertilizer, steel, chemical plants and local distribution companies. Company is having 2692 kms (as on 31st March,2019) of gas pipeline commissioned from Vapi- Hazira-Vadodara-Ahmedabad-Kalol-Hi…
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20.10.2019
AAKASHAYA PATRA WEEKLY MARKET OVERVIEW

As the Deepawali week neared, the Bulls slowly made a come-back. To the relief of the Market Participants, the Trend across time-frames has now turned Bullish. The entire week saw the Bulls dominating the proceedings, as each day the Nifty managed a higher closing. It exactly happened as mentioned in the previous week's article, that a close above 100dma would lead the Nifty to previous intermittent top of 11692. Now the Nifty will be eyeing the strong Resistance in the form of weekly Bearish Gap between 11771-11797. A close above this Resistance level will lead the Nifty to previous top in no time. Henceforth every dip should be treated as a buying opportunity.
Technically Speaking :-
Sensex opened the week at 38208, made a high of 39361, low of 38066 and closed the week at 39298. Thus it closed the week with a gain of 1171 points. At the same time the Nifty opened the week at 11335, made a high of 11684, low of 11290 and closed th…
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13.10.2019
AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART 29 :Three White Soldiers/ Three black Soldiers
Three white soldiers is a bullish candlestick pattern that predicts the reversal of a downtrend. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. These candlesticks should not have very long shadows and ideally open within the real body  of the preceding candle in the pattern.(vise-varsa for three black soldiers) The three white soldiers candlestick pattern suggests a strong change in market sentiment. Without any significant shadows , the market opens slightly lower, the bulls take over the rally all session and close near the high of the day. The pattern may appear during periods of consolidation or following a prolonged downtrend, but the latter represents the most attractive opportunity for traders to take long positions. In addition, the patter…