stro Technical Guide for Wednesday, the 25th February, 2015

Market  Outlook for 25/02/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Krittika in Taurus .    

Tithi : Sukla Sapthami  ; Weekday:: Wednesday. 

Individuals born in Gemini and Libra     signs and in Aardra, Swathi and Sathabhisham     constellations    may remain cautious in their transactions.

Senstive time:: 10.45;  11.45am; 12.05pm; 2.30pm;

Nifty                               8862   +7

Market Outlook for  Wednesday, 25th February, 2015  :: Selling at Higher LEvels ….!!!

Nifty  traded in a zigzag / choppy manner and fell sharply from higher levels to close flat for the day. General pessimism could be observed despite Nifty not recording negative close. If Nifty makes a lower high and lower low, down trend would be confirmed.  Nifty spot is expected to encounter resistance at 8800, 8835 and find support at 8725, 8690 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 to be generally better in the forenoon and could experience selling at higher levels in Second half of the day. Hence , caution may be exercised at Higher levels.

 

 

.
Trading strategy :: 

Volatility has become the order of the day. Short term trend turns Bearish and Caution at higher levels is advised. Forenoon better and selling in Second half expected.  Hence Selling in Second half with suitable stop loss recommended.

Breakout / Break Down Levels::

Breakoutlevel  is 8815 and Breakdown level 8709 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.

 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)