Astro Technical Guide for Tuesday, the 3rd February, 2015

Market  Outlook for 03/02/2015 :: Dr B Amaranatha Sastry

Nifty                               8797   -12

Astro Info :: Moon transits in  Pushyami in Cancer .   

Tithi : Sukla Pournami  ; Weekday:: Tuesday.  Combination of Thithi and week day is generally inauspicious.  .

Individuals born in Leo and Sagittarius   signs and in Bharani, Pubba and Poorvashadha   constellations    may remain cautious in their transactions.

Nifty Range of Combined High and Low of  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.

It is yet to trade below the lower end of the range.

Senstive time:: 9.15am to 10.00am; 11.00am; 1.50pm.,

 

 

 

 

Market Outlook for Tuesday, 03rd February, 2015  :: RBI Policy holds the Key ….!!!

Nifty traded in the negative for most part of the day and could not sustain at higher levels in the afternoon and closed with marginal negative bias. However, broader market was positive with Advance Decline ratio 1.4:1. Nifty spot is expected to encounter resistance at 8840, 8880 and find support at 8760, 8720 for  Tuesday.   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 could encounter selling at higher levels. Further RBI Policy holds the key for very short term movements.

 

 

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Trading strategy :: 

Opening hour / session is sensitive . Further Policy time 11.00 is also sensitive .,  1.50pm time is sensitive., As the short term trend is bearish, Sell on Rise is the preferred strategy (to be in line with the trend).  Astrologically, forenoon (10 to 12 ) is generally bearish and could recover in Second half of the day.

Breakout / Break Down Levels::

Breakoutlevel  is 8863and Breakdown level 8728 for Nifty spot for Tuesday .,  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.