Astro Technical Guide for Friday, 13th February, 2015

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.

 

 

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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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