Astro Technical Guide for Friday, 23rd January, 2015

  Market  Outlook for 23/01/2015 :: Dr B Amaranatha Sastry,

Nifty                               8730   +34

   

Astro Info :: Moon transits in  Sathabhisham  in Aquarius.   

Tithi : Sukla Chathurdhi  ; Weekday:: Friday;

Individuals born in Pisces and Cancer  signs and in Aslesha, Jyeshta and Revathi constellations    may remain cautious in their transactions.

Nifty Range of Thursday and Friday(Combined High and 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; 1.15am;  

 

Market Outlook for Friday, 23rd January, 2015  :: Caution at Higher LEvels….!!!

Nifty traded in a narrow and zigzag manner with bullish bias and closed with a gain of 0.30%. and continued its upside momentum for the Sixth day in a row.  Stop loss for Nifty long positions may be continued at  8575 (on close basis). Nifty spot is expected to encounter resistance at 8800, 8835 and find support at 8720, 8685 for Friday.   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 subdued closing session. Hence, caution at higher levels.

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Trading strategy :: 

Based on planetary position and the aspects among planets, market can be expected to be better in midsession and could experience selling pressure in the closing session. Sensitive timings mentioned above may be critical and trend change could take place around those timings.

Breakout / Break Down Levels::

Breakoutlevel  is 8786 and Breakdown level 8715 for Nifty spot for Friday .,  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.