Astro Technical Outlook for Tuesday, 13th January, 2015

Market  Outlook for 13/01/2015 :: Dr B Amaranatha Sastry

Nifty                               8323      + 38

 

Market Outlook for Tuesday, 13th January, 2015  :: Mid Session Better  ….!!!

Nifty opened marginally weak and after consolidation in the forenoon session, went up sharply to close with a gain of more than 0.40% for the day. Nifty gets into short term bullishness as it closed above 8300 but needs to have another positive close to confirm the same. Nifty spot is expected to encounter resistance at 8365, 8400 and find support at 8285, 8250 for Tuesday.   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 forenoon (after opening), better midsession and zigzag movements towards close.

Astro Info :: Moon transits in  Chitta  in Virgo   and market can be expected to  experience volatile movements with subdued forenoon session (after opening ) and better midsession (from 12 to 2) and zigzag movements after 2pm.,

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Trading strategy ::  1. IF Nifty trades below Opening level, after 9.30am, short positions can be considered with stop loss of of 8355 / High level, whichever is higher and to be closed by 11.45am.,

2. After 12pm, if Nifty appears to be going up and  not nearer to the lower level, Long postions can be considered with  Low level as stop loss and to be closed by about 2pm.,

Sensitive / Trend change time::  11.00am; 1.55pm; .,

Breakout / Break Down Levels::

Breakoutlevel  is 8355 and Breakdown level 8224 for Nifty spot for Tuesday .,  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 Pushyami, Anuradha and Uttarabhadra 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.