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)