Market Outlook for 04/02/2015 ::
Dr B Amaranatha Sastry,
Astro
Info :: Moon transits in Aslesha in Cancer .
Tithi : Bahula Padyami ; Weekday:: Wednesday.
Individuals born in Leo and Sagittarius signs
and in Krittika, Uttara and Uttarashadha 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.
It is
yet to trade below the lower end of the range. (taken support at 8727).
Senstive
time:: 9.50am; 10.40am; 12.20pm; 2.00pm;
Market Outlook for Wednesday, 04th February, 2015 :: Forenoon Subdued ….!!!
Nifty 8757 -40
Nifty traded in a choppy manner and encountered selling at
higher levels and closed with a loss of about 40 points. Nifty can be expected
to be bearish for short term as long as it does not close above 8875. Nifty spot is expected to encounter resistance
at 8795, 8835 and find support at 8720, 8680 for Wednesday.
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
subdued forenoon and possible recovery in Second half of the day.
.
Trading strategy ::
Trading strategy ::
Forenoon Subdued and Recovery in Second half of the day. If
Nifty trades below the open level after 9.45, short positions can be considered
with high as SL to be closed by about 12.00pm./ 12.30pm.,,
Breakout
/ Break Down Levels::
Breakoutlevel is 8865and Breakdown level 8700 for Nifty
spot for Wednesday ., 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
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