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.

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