Astro Technical Outlook for Wednesday, 11th February, 2015

Market  Outlook for 11/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Swathi in Libra .   

Tithi : Bahula Sapthami ; Weekday:: Wednesday. 

Individuals born in Scorpio and Pisces    signs and in Aslesha, Jyeshta and Revathi     constellations    may remain cautious in their transactions.

Senstive time:: 10.45am; 12.30pm; 1.35pm; 2.35pm;

 

Nifty                               8566   +40

 

Market  Outlook for 11/02/2015 :: Dr B Amaranatha Sastry,

 

Market Outlook for  Wednesday, 11th February, 2015  :: Closing Session Sensitive….!!!

Market snapped Seven day losing streak and Nifty closed with a gain of 40 points amid wild swings. Stop loss for Nifty’s short positions may be maintained at 8675 (on close basis). Nifty spot is expected to encounter resistance at 8605, 8645 and find support at 8525, 8490 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 better midsession.

Strong support for Nifty is seen around 8450 and 8375.

 

 

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Trading strategy :: 

Since the expected event is over. Nifty / Market appears to be finding a Base. Tuesday’s Low and High are important for this week and if the high is breached, further upside till Budget time can be expected.

Though Nifty is bearish, as a contrarian call , Long positions can be considered on decline with a stop loss of 8450 (on close basis).

Breakout / Break Down Levels::

Breakoutlevel  is 8690 and Breakdown level 8426 for Nifty spot for Wednesday .,  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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