Astro Technical Guide for Wednesday, 21st JAnuary, 2015

Astro Info :: Moon transits in  Sravana in Capircorn .

Tithi : Sukla Padyami ; Weekday:: Wednesday;

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

Senstive time:: 11.35am; 1.55pm to 2.50pm.

 

Market Outlook for Wednesay, 21st January, 2015  :: Zigzag / Volatile Movements….!!!

Nifty opened with bullish bias and went up steady to breach previous life time high in style and closed with a gain of 145 points and continued its upside momentum for the Fourth day in a row.  Stop loss for Nifty long positions may be trailed to 8525 (on close basis). Nifty spot is expected to encounter resistance at 8735, 8770 and find support at 8655, 8620 for Wednesday.   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 alternate bouts of bullishness and bearishness.

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Trading strategy :: 

Based on planetary position and the aspects among planets, market can be expected to trade in zigzag fashion with alternate bouts of bullishness and bearishness. Long positions if trading above Open with low as SL, in general, and short positions if trading below Open and ATP with suitable stop loss.  Market in general is bullish, hence trade with restraint in case of short positions.

Breakout / Break Down Levels::

Breakoutlevel  is 8741 and Breakdown level 8541 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.

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.