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.

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