Astro Technical Guide for Thursday, 5th February, 2015

Market  Outlook for 05/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Makha in Leo  .   

Tithi : Bahula Vidiya ; Weekday:: Thursday. 

Individuals born in Virgo and Capricorn    signs and in Rohini, Hastha and Sravana    constellations    may remain cautious in their transactions.

Nifty Range of Thursday and Friday(Combined High and Low of these Two days i.e., 22 and 23 January) may be regarded as the reference range for the next Three weeks and can be expected to be bullish above the High of this range and Bearish below the low of this range. Now the range is  8866 and 8727 and Hence further bullish above 8866 and Bearish below 8727 and neutral in between these levels.

Nifty closed below 8727 on 4^th February and can be expected to test 8600 in due course.

Senstive time:: 1030 to 11.20am; 12.45pm; ;

 

 

 

Market Outlook for  Thursday, 05th February, 2015  :: Sell on Rise ….!!!

Nifty                               8724   -33

Nifty traded in a choppy manner  and fell sharply towards close to record 4^th session of Nifty’s loss.  Stop loss for Nifty’s short positions may be trailed to 8850 (on close basis). Nifty spot is expected to encounter resistance at 8760, 8795 and find support at 8675, 8640 for  Thursday.   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 with bearish bias. Hence any intraday rise may be utilized to Sell. Further, Delhi Election outcome would weigh heavily on the market sentiment till the declaration of results.

 

 

 

.
Trading strategy :: 

In view of general bearishness and steady downward movement expected, Short positions can be considered below the Open Level after 9.45 with High as SL to be maintained by trailing the Stop loss and close when reasonable profit is earned.

Breakout / Break Down Levels::

Breakoutlevel  is 8815and Breakdown level 8682 for Nifty spot for Thursday .,  It is unlikely that both levels would be breached., 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 (during 8.30am to 9.00am)