Astro Technical Outlook for Friday, the 27th February, 2015

Market  Outlook for 27/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Mrigasira   in Gemini .    

Tithi : Sukla Navami   ; Weekday:: Friday. 

Individuals born in Cancer and Scorpio     signs and in Pushyami, Anuradha and UBhadra     constellations    may remain cautious in their transactions.

Senstive time:: 12.20; 1.20pm;

Nifty                               8684   -83

  Market Outlook for  Friday, 27th February, 2015  :: Mid Session Subdued  ….

Nifty  opened lower and traded with downside bias for the entire day and traded choppy to close with a loss of about 1%. While Railway Budget appeared to be a non event for market, Derivative expiry weighed heavily as most stocks, particularly PSU Banks lost heavily in February Series. Unless Nifty closes above 8840, current down trend could continue. However, significant volatility can be expected in view of the forthcoming Budget. Nifty spot is expected to encounter resistance at 8725, 8765 and find support at 8645, 8610 for  Friday.     While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to be generally subdued during midsession. However, some optimism can be expected in view of the beginning of new derivative series.

 

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Trading strategy :: 

New Derivative series is generally Bullish in the first week. In view of Budget on Saturday, cautious optimism could prevail. Buy if Nifty sustains above the Open level in Second half  with low as Stop loss. However, general trend is Bearish as long as Nifty does not close above 8840.

Breakout / Break Down Levels::

Breakoutlevel  is 8814 and Breakdown level 8645 for Nifty spot for Friday .,  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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