Astro Technical Outlook for Friday, 16th January, 2015

Market  Outlook for 16/01/2015 :: Dr B Amaranatha Sastry,

Nifty                               8494   +216

Astro Info :: Moon transits in  Anuradha  constellation   in Scorpio.

Tithi : Ekadasi ; Weekday:: Fri day;

Senstive time:: 10.25 to 11.10; 2.50pm.,

 

Market Outlook for Friday, 16th January, 2015  :: Midsession Subdued….!!!

Nifty opened with a gap up following unexpected rate cut from RBI ahead of Policy and Nifty gained more than 2.50%. Nifty can be considered to be bullish for short term as long as it holds above 8300 (on close basis). Nifty spot is expected to encounter resistance at 8530, 8570 and find support at 8455, 8420 for Friday.   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 midsession and sensitive / crucial closing  hour.

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Trading strategy :: 

Based on planetary position and the aspects among planets, opening session is expected to be sensitive particularly between 10.25 to 11.10 and generally subdued thereafter and recover in the closing session but time from 2.50 highly sensitive / crucial. Suitable trading strategy may be adopted keeping the above and the real time market in view

Breakout / Break Down Levels::

Breakoutlevel  is 8564 and Breakdown level 8343 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.

Individuals born in Sagittarius  and Aries  signs and in Bharani, Pubba and Poorvashadha   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.