Astro Technical Guide for Monday, 12th January, 2015

 Market  Outlook for 12/01/2015 :: Dr B Amaranatha Sastry

Nifty                               8285      + 50

 

Market Outlook for Monday, 12th January, 2015  :: Zigzag / Volatile Movements  ….!!!

Nifty opened with an upside gap due to global cues but fell sharply by 12.30pm and recovered after Infy’s Q3 results and closed with a gain of  50 points. Nifty is close to getting into short term bullishness once again (if it closes above 8300). Presently, it is in neutral mode with bullish bias.

 Nifty spot is expected to encounter resistance at 8325, 8360 and find support at 8245, 8210 for Monday. 

  While Global cues  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 / volatile manner with alternate bouts of bullishness and bearishness.

  

Astro Info :: Moon transits in  Hastha  in Virgo   and market can be expected to  experience volatile movements with alternate bouts of bullishness  and bearishness and remain bullish during last One hour.

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Trading strategy ::  After 2pm,  If Nifty trades above Average Traded Price, long positions can be considered with suitable stop loss to be closed by end of the day.

Sensitive / Trend change time::  9.45am; 2.45pm.,

Breakout / Break Down Levels::

Breakoutlevel  is 8332 and Breakdown level 8162 for Nifty spot for Monday .,  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.

Individuals born in Libra and Aquarius  signs and in Punarvasu, Visakha and Poorvabhadra   may remain cautious in their transactions.

Disclaimer ::  Above analysis / guidance is based on planetary movements and traders are advised to be highly cautious with proper risk management mechanism as Trading is highly risky.