Astro Technical Guide for 22nd January, 2015

  Market  Outlook for 22/01/2015 :: Dr B Amaranatha Sastry,

Nifty                               8730   +34

   

Astro Info :: Moon transits in  Dhanishta in Aquarius.   

Tithi : Sukla Vidiya ; Weekday:: Thursday;

Individuals born in Pisces and Cancer  signs and in Pushyami, Anuradha and Uttarabhadra constellations    may remain cautious in their transactions.

Nifty Range of Thursday and Friday(Combined High Low of these Two days) may be regarded as the reference range for the next Three weeks and can be expected to be bullish above the High of this range and Bearish below the low of this range.

Senstive time:: 11.30am; 2.10pm; 2.45pm;

Market Outlook for Thursday, 22nd January, 2015  :: Mid Session Better….!!!

Nifty traded in a narrow and zigzag manner with bullish bias and closed with a gain of 0.40%. and continued its upside momentum for the Fifth day in a row.  Stop loss for Nifty long positions may be trailed to 8575 (on close basis). Nifty spot is expected to encounter resistance at 8765, 8800 and find support at 8690, 8655 for Thursday.   While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to trade in a zigzag manner with better midsession and sensitive closing hour.

.
Trading strategy :: 

Based on planetary position and the aspects among planets, market can be expected to trade remain subdued after opening and recover from 11.30 and 1.30 and become volatile thereafter and last hour is sensitive / crucial.

Long positions after 11.30 with Low / suitable level as stop loss and to be closed by 1.15 / 1.30pm.,

Breakout / Break Down Levels::

Breakoutlevel  is 8755 and Breakdown level 8675 for Nifty spot for Thursday .,  It is unlikely that both levels would be breached., If Breakout level is breached., It is a Buy on Decline with Low as Stop loss and if Breakdown level is breached, It is a sell on rise with high as stop loss. Alternatively, if Nifty is unable to cross the Breakout level, short positions, can be considered with Breakout as stop loss and unable to breach the breakdown level, long positions can be considered with Breakdown level as stop loss.

Disclaimer ::  Above analysis  is based on planetary movements and is intended for guidance / educative purpose and traders are advised to be highly cautious with proper risk management mechanism as Trading is highly risky and not trade only based on the analysis given above.