Astro Technical Guide for Wednesday, 14th January, 2015

Market  Outlook for 14/01/2015 :: Dr B Amaranatha Sastry

Nifty                               8299    - 24

 

Market Outlook for Wednesday, 14th January, 2015  :: Caution at Higher Levels  ….!!!

Nifty traded in the positive zone for most part of the day and encountered huge sell off around 2pm and fell sharply and closed with a loss of about 0.25% . Nifty can be considered to be bullish for short term as long as it holds above 8225 (on close basis). Nifty spot is expected to encounter resistance at 8340, 8375 and find support at 8260, 8225 for Wednesday.   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 manner with subdued opening session and mild recovery in midsession and  zigzag movements towards close.

Astro Info :: Moon transits in  Swathi  in Libra   and market can be expected to  be generally subdued in the opening session (upto 10.30), recovery thereafter and zigzag with bearish bias after 2pm.,

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Trading strategy ::  1. IF Nifty opens steady and trades below  Open level after 9.30am,  short positions can be considered with stop loss of of 8330 / High level, whichever is higher and to be closed by 10.30am.,

2. After 11am, if Nifty appears to be going up and  not being nearer to the lower level, Long postions can be considered with  Low level as stop loss and to be closed by about 1.30pm., (Low volume as only mild recovery only is possible)

Sensitive / Trend change time::  10.25am; 1.05pm;

Breakout / Break Down Levels::

Breakoutlevel  is 8380 and Breakdown level 8245 for Nifty spot for Wednesday .,  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 Scorpio and Pisces  signs and in Aslesha, Jyeshta and Revathi 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.