Market Review and Outlook

Market Outlook for Thursday, 19th January, 2012 ::

(Viewers desirous of having full Astro Technical Guide with Intraday Trading strategy, Abridged astroguide for the next day in advance, Trend Change Dates, Sensitive Timings during the day, Weekly F&O strategy , Bullish and Bearish scrips with Reversal Point as per astro technicals may write to the the following mail id) thefinancialastrologer@gmail.com

Astro Info:: Tithi :: Pushya Bahula Ekadasi :: Day :: Thursday :: Nakshatra :: Anuradha (Moon in Scorpio ).
Persons born in Bharani, Pubba and Poorvashahda constellations and Sagittarius and Aries signs are advised to be alert in their dealings.

Market Outlook for 19th January, 2012 :: First Half Subdued... Second Half Better …!!!

Nifty closed with nominal decline despite huge rise in market heavy weight stock Reliance which contributed more than 20 points to Nifty. However, this can be considered as a minor correction / consolidation for Tuesday’s rise. Further, short term trend continues to remain Bullish and stop loss may be retained at 4850 / 4875 (on close basis). Nifty spot is expected to encounter resistance at 4990, 5025 and find support at 4920, 4885 for Thursday. While Global cues, Funds flow, Q3 results are expected to broadly guide the market movement, Market can be expected to remain subdued in the first half (continuing previous day’s trend ) and recover in second half in line with short term trend.

Review of Wednesday, 18th January, 2012 ::

Market closed with moderate decline but broader market was weak as Declines were nearly Thrice the Advances and market appears to have corrected for the previous day;s smart rise. Main saviour for the market was Reliance as it had gone up about 4% on Buyback news and averted a major fall. IT and Metal were the biggest losers. Reliance, Rel Infra, HDFC Bank, Rel Power and ONGC were the major gainers while Tata Steel, SAIL, Coal India, M&M and Axis were the major losers. 17 of Nifty stocks went up whereas 33 stocks declined . Among F&O stocks, Volatas, Essar Oil, IB Real estate, Auropharma, Tata Steel closed in the red with higher Open Interest indicating Bearishness while Bombay Dyeing, Adani Enterprises, Deltacorp, Areva, Unitech, HDFC Bank gained with rise in Open Interest indicating Bullishness.

The Financial Astrologer Team