Astro Technical Guide for Thursday, 05th March, 2015

Market  Outlook for 05/03/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Pubba   in Leo .    

Tithi : Pourmia    ; Weekday:: Thursday. 

Individuals born in Virgo and Capricorn   signs and in Mrigasira, Chitta and Dhanista  constellations    may remain cautious in their transactions.

Senstive time:: 11.35am;  2.10pm; 3.10pm.,

Nifty                               8923   - 73

Market Outlook for  Thursday, 05th March, 2015  :: Mid Session Better….!!!

“Buy on Rumour Sell on News” is once again proved correct. Despite rate cut from RBI, Nifty fell  sharply to close with a loss of 73 points. S&P comment appears to have played havoc on markets. However, Nifty would turn bearish for short term on a close below 8875. Nifty spot is expected to encounter resistance at 8965, 9000 and find support at 8885, 8850.   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  remain generally better  during mid session.

 

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Trading strategy :: 

Stop loss for Nifty is 8875 on close basis. Buy on Decline and if it trades above the Open Level with Low as SL., to be closed by 2.00pm., Long week end could weigh heavily on markets.

Breakout / Break Down Levels::

Breakoutlevel  is 9175 and Breakdown level 8835 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)