Astro Technical Guide for Monday, 19th JAnuary, 2015

  Market  Outlook for 19/01/2015 :: Dr B Amaranatha Sastry

Nifty                               8514   +20

Astro Info :: Moon transits in  Poorvashadha   constellation   in Sagittarius.

Tithi : Chathurdasi ; Weekday:: Monday;

Senstive time:: 11.20 and 12.20 to 1.15pm

 

Market Outlook for Monday, 19th January, 2015  :: Second Half Better….!!!

Nifty traded steady and closed with a nominal gain of 20 points. Nifty can be considered to be bullish for short term as long as it holds above 8350 (on close basis). Nifty spot is expected to encounter resistance at 8555, 8590 and find support at 8475, 8440 for Monday.   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 subduedness after the opening movements and remain generally better in Second half of the day.

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Trading strategy :: 

Based on planetary position and the aspects among planets, after initial movements, market could remain subdued in the forenoon and remain better from 11.30 . Hence long positions can be considered after 11.30 if Nifty is trading above Average Traded Price and preferably above Open level with Low as stop loss to be closed by end of the day.

Breakout / Break Down Levels::

Breakoutlevel  is 8551 and Breakdown level 8432 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 Capricorn  and taurus  signs and in Mrigasira, Chitta and Dhanishta    may remain cautious in their transactions.

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.