Astro Technical Guide for Saturday, 28th February, 2015

Market  Outlook for 28/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Aardra   in Gemini .    

Tithi : Sukla Dasami   ; Weekday:: Saturday. 

Individuals born in Cancer and Scorpio     signs and in Aslesha, Jyestha and Revathi     constellations    may remain cautious in their transactions.

Senstive time:: 11.25; 1.15pm;

Nifty                               8845   +161

Market Outlook for  Saturday, 28th February, 2015  :: Volatile Movements   ….

A typical Derivative series opening day. Nifty opened with a gap and after initial subdued movements rallied strongly due to positive economic survey and closed with a whopping gain of about 1.75%. Nifty closed above the crucial resitance of 8840 and the short term bullishness would be confirmed with one more positive close. However, it could be highly volatile because of Budget presentation. Nifty spot is expected to encounter resistance at 8885, 8925, 8975 and find support at 8805, 8765,and  8720.  for  Saturday.     While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  display volatile movements with huge swings on both sides. However, undertone can be expected to general bullishness and Nifty could honour 8650 and 9000 as support and resistance.

 

 

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Trading strategy :: 

Huge volatility to be expected in view of Budget. 8650 and 9000 could remain as broad support and resistance.

Breakout / Break Down Levels::

Breakoutlevel  is 8892 and Breakdown level 8682 for Nifty spot for Saturday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

 Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Astro Technical Outlook for Friday, the 27th February, 2015

Market  Outlook for 27/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Mrigasira   in Gemini .    

Tithi : Sukla Navami   ; Weekday:: Friday. 

Individuals born in Cancer and Scorpio     signs and in Pushyami, Anuradha and UBhadra     constellations    may remain cautious in their transactions.

Senstive time:: 12.20; 1.20pm;

Nifty                               8684   -83

  Market Outlook for  Friday, 27th February, 2015  :: Mid Session Subdued  ….

Nifty  opened lower and traded with downside bias for the entire day and traded choppy to close with a loss of about 1%. While Railway Budget appeared to be a non event for market, Derivative expiry weighed heavily as most stocks, particularly PSU Banks lost heavily in February Series. Unless Nifty closes above 8840, current down trend could continue. However, significant volatility can be expected in view of the forthcoming Budget. Nifty spot is expected to encounter resistance at 8725, 8765 and find support at 8645, 8610 for  Friday.     While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to be generally subdued during midsession. However, some optimism can be expected in view of the beginning of new derivative series.

 

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Trading strategy :: 

New Derivative series is generally Bullish in the first week. In view of Budget on Saturday, cautious optimism could prevail. Buy if Nifty sustains above the Open level in Second half  with low as Stop loss. However, general trend is Bearish as long as Nifty does not close above 8840.

Breakout / Break Down Levels::

Breakoutlevel  is 8814 and Breakdown level 8645 for Nifty spot for Friday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

 Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Astro Technical Outlook for Thursday, the 28th February, 2015

Market  Outlook for 26/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Rohini  in Taurus .    

Tithi : Sukla Ashtami  ; Weekday:: Thursday. 

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

Senstive time:: 10.45am; 11.35 to 12.30;  1.40pm; 2.30pm;

Nifty                               8867   +5

Market Outlook for  Thursday, 26th February, 2015  :: Scrip Specific Movements ….!!!

Nifty  opened with an upside gap due to global cues and gave up all the gains in Second half of the day to close flat for the day. General pessimism could be observed despite Nifty not recording negative close.   Nifty spot is expected to encounter resistance at 8805, 8840 and find support at 8730, 8695 for  Thursday.  Being last day of derivative expiry, scrip specific movement can be expected. Further Railway Budget to be presented on Thursday could be a precursor for what is in store in the General Budget of Saturday.   While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness scrip specific movements with sudden movements due to derivative expiry.

 

 

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Trading strategy :: 

Scrip Specific movements are to be expected  due to derivative expiry. Railway Budget could set the tone for the forthcoming General Budget. Caution at Higher Levels and Bearish bias to be expected. Wednesday’s High could become strong resistance for the market. Unless Nifty closes above 8870, short term down trend could continue.

Breakout / Break Down Levels::

Breakoutlevel  is 8863 and Breakdown level 8728 for Nifty spot for Thursday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

 Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

stro Technical Guide for Wednesday, the 25th February, 2015

Market  Outlook for 25/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Krittika in Taurus .    

Tithi : Sukla Sapthami  ; Weekday:: Wednesday. 

Individuals born in Gemini and Libra     signs and in Aardra, Swathi and Sathabhisham     constellations    may remain cautious in their transactions.

Senstive time:: 10.45;  11.45am; 12.05pm; 2.30pm;

Nifty                               8862   +7

Market Outlook for  Wednesday, 25th February, 2015  :: Selling at Higher LEvels ….!!!

Nifty  traded in a zigzag / choppy manner and fell sharply from higher levels to close flat for the day. General pessimism could be observed despite Nifty not recording negative close. If Nifty makes a lower high and lower low, down trend would be confirmed.  Nifty spot is expected to encounter resistance at 8800, 8835 and find support at 8725, 8690 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 to be generally better in the forenoon and could experience selling at higher levels in Second half of the day. Hence , caution may be exercised at Higher levels.

 

 

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Trading strategy :: 

Volatility has become the order of the day. Short term trend turns Bearish and Caution at higher levels is advised. Forenoon better and selling in Second half expected.  Hence Selling in Second half with suitable stop loss recommended.

Breakout / Break Down Levels::

Breakoutlevel  is 8815 and Breakdown level 8709 for Nifty spot for Wednesday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

 Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Astro Technical Guide for Tueday, the 24th February, 2015

Market  Outlook for 24/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Bharani in Aries .    

Tithi : Sukla Shashti  ; Weekday:: Tuesday. 

Individuals born in Taurus and Virgo     signs and in Mrigasira, Chitta and Dhanishta     constellations    may remain cautious in their transactions.

Senstive time:: 10.05 to 10.50am; 11.55am; 2.15pm;

Nifty                               8834   -79

 

Market Outlook for  Tuesday, 24th February, 2015  :: Pullback ….!!!

Nifty  encountered huge selling pressure in Seconf half of the day and closed with a loss of more than 70 points , Second day of fall. Nifty had fallen not being able to pierce the strong resistance of 8925. With this fall, short term trend turns bearish but would be confirm with one more negative close.  Nifty spot is expected to encounter resistance at 8795, 8830 and find support at 8715, 8680 for  Tuesday.    While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to have a pullback for the previous Two days’ of fall.

 

 

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Trading strategy :: 

Nifty closed below 8775 and turns Bearish. However, one more negative close would make it bearish. Further, important events this week could make the market more volatile .  Further downside too possible as long as Nifty does not close above 8900. Hence caution at higher levels.

Breakout / Break Down Levels::

Breakoutlevel  is 8902 and Breakdown level 8702 for Nifty spot for Tuesday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

 Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Weekly Astro Technical Guide (23/02/2015 to 28/02/2015

Sudden and Positive Changes …!!!

 Planetary Position ::  During the current week Moon would be transiting  from Aswini in Aries to Aardra in Gemini .   

Sun transits in  Sathabhisham in Aquarius.

Mercury   transits  in     Sravana in Capricorn.

Venus transits in     Uttarabhadra in Pisces.

Mars transits in  Uttarabhadra in Pisces.

Saturn transits in   Anuradha constellation in Scropio sign and in Libra Navamsa.

Jupiter , in retrograde motion from December 9^th   to 8^th April 2015, transits in  Cancer in Aslesha constellation in    Capricorn Navamsa  .

Rahu and Ketu continue their transit in Virgo and Pisces respectively.

During the week fast moving planets and Jupiter make favourable aspects to Uranus, responsible for making sudden changes. As  many important economic events (Budget, Economic Survey, Rail Budget ) would take place, positive sentiment can be expected to prevail.

Further Range between Thursday and Friday of last week (19^th and 20^th February )could be kept  as Astro reference range for the next Three weeks and Nifty can be expected to be Bullish above the High and Bearish below the Low of the range. Hence Nifty can be expected to Bullish above 8915 and Bearish below 8790.   

Nifty Outlook for Next Week :: (23.02. 2015 to 28.02. 2015) …  

 NIFTY :: 8834 (+28) (  Further Uptrend…!!!)

Nifty traded in a very narrow range in a truncated week (4 trading sessions) and closed with minor uptick for the week. However, followed by a truncated week, market would be entering an extended week (as market is open on Saturday due to Budget Presentation) with number of events set to take place. Most awaited event of year for market would be taking place on 28^th February. Budget session is very crucial for the market and the Government as it has to pass several bills including already promulgated ordinances. Coal mines e_auction could be termed as successful for the Government as Government would be expected garner additional resources. With Comfortable finances for the Government, where would be funds be deployed , whether in infrastructure or populist schemes? A big reform oriented budget is being expected and hope Government would deliver and expectations could be met.

Cautious optimism prevailed during last week and Nifty went up for Three days . Railway Budget could give a cue as to Government’s mindset towards reforms. Technically, Nifty can run up till Budget for a new high due to the optimism. Altenatively, it may not make a new high before budget but retrace and could go up / down steeply after the Budget on the strength of the proposals. In either case, long term trend is bullish and investors can accumulate quality stocks on dips while traders need to be highly careful. IT, Pharma and Private sector Banks are generally bullish while Metals, Public sector banks are clearly bearish. Infra and Realty stocks are generally bearish and could head higher depending on Budget. Further Coal mines auction could reduce the problems of power companies. Further, mining activity would pick up leading to a spurt in GDP in the coming quarters. Further, depending on the Budget, a rate cut too could be expected which would spur growth. But most of these factors appear to have been already factored in as Nifty is quoting at a PE of more than 23.50.

Budget proposals could facilitate positive environment for certain sectors with encouraging proposals. Further it is to be seen whether Delhi results would slow down reforms or not?

 Further monetary policy of RBI  too would depend on Budget proposals etc.,  Hence Budget proposals are the key for further market movement during the year.

However, there would be a lag between effort and the results and once corporate results improve confidence would further grow.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8775, 8490, 8350 and 7965 respectively and would

act as supports / resistances. Nifty is above all averages .

Nifty continues to be above 200 DMA and 50 DMA too is above 200 DMA (Golden Cross) suggesting that the

long term bullish trend is intact.   Nifty is quoting at a PE of about 23.62 which is around   25% above the long term PE multiple.  Nifty EPS fell after Q3 results and the EPS fell from 391 to 374  due to change in weightage of Nifty constituents. Nifty PE, though not in bubble zone, is indicating caution and earnings need to improve substantially over the next Two quarters  failing which a reversion to mean with a serious correction can not be ruled out.

Strong long term support would be around 7975

level and Medium term support is 8350. 

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8860 with

resistance at 8930, 9000, 9050 and 9130 and is expected to Bearish below 8810 with Supports at 8735, 8660, 8615, 8540.

Short term trend for Nifty is presently bullish and would continue to remain bullish as long as it holds above 8775 (on close basis).

Breakout level for the week is 8945,  and break down level for the week is 8760. 

Advice for Traders ::

Nifty consolidated at higher level and cautious optimism prevails in the market. There would be derivative expiry on the Thursday and a new series would commence from Friday. Nifty can be expected to be bullish as long as it holds 8775 (on close basis)., Further Scrip specific movement can be expected due to derivative expiry. Optimism can be expected till the Budget and market would hold if the expectations are met in the budget, failing which sector wise correction could set in.

 Weekly Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa

Astro Technical Guide for Friday, 20th February, 2015

Market  Outlook for 20/02/2015 :: Dr B Amaranatha Sastry,

Astro Info :: Moon transits in  Poorvabhadra in Aquarius .    

Tithi : Sukla Vidiya  ; Weekday:: Friday. 

Individuals born in Pisces and Cancer    signs and in Aswini, Makha and Moola     constellations    may remain cautious in their transactions.

Senstive time:: 10.35am; 11.40am; 1.10pm; 2.00pm; 3.00pm;

Nifty                               8895   +26

 

Market  Outlook for 20/02/2015 :: Dr B Amaranatha Sastry

 

Market Outlook for  Friday, 20th February, 2015  :: Closing Session Crucial ….!!!

Nifty  experienced a roller coaster ride by taking out both high and low of the previous day and finally closed in the positive territory due to huge buying in the closing session of the day. Stop loss for Nifty may be trailed to 8775 (on close basis).  Nifty spot is expected to encounter resistance at 8940, 8975 and find support at 8860, 8820 for  Friday.  Nifty is expected to encounter resistance around 8925. While lobal 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 crucial  closing  session.

 

 

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Trading strategy :: 

While Nifty’s close below 8775 only  would make it bearish, it is likely to encounter resistance around 8925 which if crossed convincingly only would go up further. For Friday, expect zigzag movements (around aforementioned sensitive timings) and closing session is crucial / sensitive.

Breakout / Break Down Levels::

Breakoutlevel  is 8943 and Breakdown level 8765 for Nifty spot for Friday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

 Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Astro Technical Guide for Thursday, 19th February, 2015

Market  Outlook for 19/02/2015 :: Dr B Amaranatha Sastry,

Astro Info :: Moon transits in  Sathabhisham in Aquarius .    

Tithi : Sukla Padyami  ; Weekday:: Thursday. 

Individuals born in Pisces and Cancer    signs and in Aslesha, Jyeshta and Revathi    constellations    may remain cautious in their transactions.

Senstive time:: 11.40; 12.15pm;

Nifty                               8869   +60

 

Market Outlook for  Thursday, 19th February, 2015  :: Forenoon Better ….!!!

Nifty traded in the positive territory throughout the day and despite some profit booking at higher levels, closed with decent gains. Stop loss for Nifty may be trailed to 8750 (on close basis).  Nifty spot is expected to encounter resistance at 8910, 8950 and find support at 8830, 8800 for  Thursday.  Nifty is expected to encounter resistance around 8925. 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 generally better in the forenoon and could encounter selling pressure in Second half of the day.

 

 

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Trading strategy :: 

While Nifty’s close below 8750 only  would make it bearish, it is likely to encounter resistance around 8925 which if crossed convincingly only would go up further. For Thursday forenoon is better and Second half subdued. There would be loss of momentum if Nifty closes below 8910.,   Based on this and below mentioned levels, appropriate strategy suiting one’s risk profile may be designed.

Breakout / Break Down Levels::

Breakoutlevel  is 8913 and Breakdown level 8788 for Nifty spot for Thursday .,  It is unlikely that both levels would be breached (under normal circumstances)., 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.

 Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Weekly Astro Technical Guide (16.2.15 to 20.2.15) and Commodity Watch

Further Uptrend … Buy on Decline …!!!

 Planetary Position ::  During the current week Moon would be transiting  from Poorvashadha  in Sagittarius  to Poorvabhadra in Aquarius.  

Sun transits in  Dhanishta and Sathabhisham in Aquarius.

Mercury   transits  in      Uttarashadha and Sravana in Capricorn in direct motion. Market witnessed dual movement when it was in retro motion .

Venus transits in    Poorvabhadra  and Uttarabhadra in Pisces.

Mars transits in  Uttarabhadra in Pisces.

Saturn transits in   Anuradha constellation in Scropio sign and in Virgo Navamsa.

Jupiter , in retrograde motion from December 9^th   to 8^th April 2015, transits in  Cancer in Aslesha constellation in    Capricorn Navamsa  .

Rahu and Ketu continue their transit in Virgo and Pisces respectively.

As mentioned in last week report, market bottomed out on Tuesday and is in uptrend for a Pre budget rally.

Nifty Outlook for Next Week :: (16.02. 2015 to 20.02. 2015) …  

 NIFTY :: 8806 (+145) (  Pre Budget Rally…!!!)

Nifty has been behaving unusually in the new year with either continuous uptrend without any retracement or continuous downtrend without any pullback.  Nifty fell continuously for 7 trading sessions from 8952 to 8526 and had gone up for Four  days to close above 8800 mark. Markets ignore the event after it is out and same thing happened with Delhi results too. With another Eight trading sessions to go for Budget, whether the present bullish momentum would sustain or not is to be seen. Before the Budget, there would be Railway and Economic Survey which too would impact market movement.

Technically, Nifty can run up till Budget for a new high due to the optimism. Altenatively, it may not make a new high before budget but retrace and could go up / down steeply after the Budget on the strength of the proposals. In either case, long term trend is bullish and investors can accumulate quality stocks on dips while traders need to be highly careful. It, Pharma and Private sector Banks are generally bullish while Metals, Public sector banks are clearly bearish. Infra and Realty stocks are generally bearish.

Budget proposals could facilitate positive environment for certain sectors with encouraging proposals. Further it is to be seen whether Delhi results would slow down reforms or not?

 Further monetary policy of RBI  too would depend on Budget proposals etc.,  Hence Budget proposals are the key for further market movement during the year.

However, there would be a lag between effort and the results and once corporate results improve confidence would further grow.

As First full fledged budget of the new Government is less than Three weeks away,  optimism can be expected before Budget . Any further correction relative to recent rise can be considered as an opportunity to Buy.  End of correction could coincide with Delhi election results.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8730, 8460, 8320 and 7925 respectively and would

act as supports / resistances. Nifty is above all averages .

Nifty continues to be above 200 DMA and 50 DMA too is above 200 DMA (Golden Cross) suggesting that the

long term bullish trend is intact.   Nifty is quoting at a PE of about 23.31 which is around   25% above the long term PE multiple.  Nifty EPS fell after Q3 results and the EPS fell from 391 to 378  due to change in weightage of Nifty constituents. Nifty PE, though not in bubble zone, is indicating caution and earnings need to improve substantially over the next Two quarters  failing which a reversion to mean with a serious correction can not be ruled out.

Strong long term support would be around 7925

level and Medium term support is 8350. 

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8830 with

resistance at 8915, 9000, 9050 and 9130 and is expected to Bearish below 8780 with Supports at 8695, 8615, 8560, 8480.

Short term trend for Nifty is presently bullish and would continue to remain bullish as long as it holds above 8650.

Breakout level for the week is 8910,  and break down level for the week is 8380. 

Advice for Traders ::

Market went up smartly from lower levels despite BJP’s debacle in Delhi elections as Market usually reacts more before the news and less after the event. Pre Budget rally appears to have begun and the short term trend is in sync with long term trend. A clear case of “Buy on Decline” with 8650 as stop loss can be considered and stop loss can be trailed progressively.

 Weekly Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa

Commodity Guide  (16.2.15 to 20.2.15)
Commodty LTP Weekly Range Neutral Range Recommendation Copper 357 362.50 - 348 347 - 335 In pullback mode Crude Oil 3294 3339 - 3001 3225 - 3060 In Pullback Mode $52.78 54 - 48 52 - 49 In pullback mode Gold 26691 26990 - 26508 27300 - 26900 Neutral with bearish bias $1,227 1246 - 1217 1225- 1235 Strong Support at 1205 and Res at 1255 Lead 114.55 116.40- 112 115.5 - 117.3 Bearish below 112 Resistance at 188 Nat Gas 173 180 - 161 173 - 164 Bearish but in Pullback Mode Silver 38204 38377 - 37050 38200 - 37300 In neutral Zone Zinc 133.35 135 - 131.50 133.5 - 131.50 Strong support at 129., Buy on Decline with 12 as SL

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.