Market Outlook for 26/02/2015 :: Dr B Amaranatha Sastry
Astro
Info :: Moon transits in Rohini in Taurus .
Tithi : Sukla Ashtami ;
Weekday:: Thursday.
Individuals born in Gemini and Libra signs
and in Punarvasu, Visakha and Poorvabhadra constellations may remain cautious in their transactions.
Senstive
time:: 10.45am; 11.35 to 12.30; 1.40pm;
2.30pm;
Nifty 8867 +5
Market Outlook for Thursday, 26th February, 2015 :: Scrip Specific Movements ….!!!
Nifty opened with an
upside gap due to global cues and gave up all the gains in Second half of the
day to close flat for the day. General pessimism could be observed despite
Nifty not recording negative close. Nifty spot is expected to encounter
resistance at 8805, 8840 and find support at 8730, 8695 for Thursday.
Being last day of derivative expiry, scrip specific movement can be
expected. Further Railway Budget to be presented on Thursday could be a
precursor for what is in store in the General Budget of Saturday. 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 witness scrip specific movements with sudden movements due
to derivative expiry.
.
Trading strategy ::
Trading strategy ::
Scrip Specific movements are to be expected due to derivative expiry. Railway Budget
could set the tone for the forthcoming General Budget. Caution at Higher Levels
and Bearish bias to be expected. Wednesday’s High could become strong
resistance for the market. Unless Nifty closes above 8870, short term down
trend could continue.
Breakout
/ Break Down Levels::
Breakoutlevel is 8863 and Breakdown level 8728 for Nifty
spot for Thursday ., 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.
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
(between 8.30am to 9.00am)
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