Market Outlook for Friday, 13th February, 2015 :: Buy on Decline….!!!
Astro
Info :: Moon transits in Anuradha in Scorpio .
Tithi : Bahula Navami ; Weekday:: Friday.
Individuals born in Sagittarius and Aries signs and in Bharani, Pubba and Poorvashadha constellations may remain cautious in their transactions.
Senstive
time:: 11.55; 12.55pm;
Nifty 8712 +85
Market traded in a zigzag fashion in the forenoon and
recovered smartly in the Second half due to global cues (after Ukraine
Ceasefire) and ended with a gain of about 1% and above 8700 mark. Thursday’s
move signals the end of short term bearishness and “Pre budget Rally” seems to
have begun and a case of Buy on Decline with 8550 as Stop Loss. Nifty spot is
expected to encounter resistance at 8755, 8790 and find support at 8675, 8635
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 is expected to trade in a zigzag manner and
any intraday fall is an opportunity to Buy.
.
Trading strategy ::
Trading strategy ::
Nifty becomes clearly bullish and any fall is an opportunity to
Buy. Buy on Decline with yesterday’s low or 8630 as stop loss.
Breakout
/ Break Down Levels::
Breakoutlevel is 8766 and Breakdown level 8565 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.
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