Astro Technical Guide for Wednesday, 4th February 2015

  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.

 

 

 

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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.

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