Astro Technical Guide for Tuesday, 17th March, 2015

Market  Outlook for 17/03/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Sravana     in  Capricorn.    

Tithi : Dwadasi     ; Weekday:: Tuesday. 

Individuals born in Aquarius and Gemini   signs and in Punarvasu, Visakha and Poorvabhadra      constellations    may remain cautious in their transactions.

Senstive time:: 9.50; 1.45pm; 2.50pm.

Nifty                               8633  - 15

Market Outlook for  Tuesday, 17th March, 2015  :: Mid Session Weak ….!!!

Following a wide range Friday, Nifty traded very narrow and choppy and closed with a minor loss.  If Monday’s low level is breached, further fall can be expected. Nifty spot is expected to encounter resistance at 8675, 8720 and find support at 8600, 8560 for Tuesday.   While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  be  subdued / weak in mid session upto about 1.45 and could have a mild recovery / pullback thereafter.

Monday’s range could be the reference range and could be considered bullish / bearish for Tuesday depending on breakout / breakdown.

 

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Trading strategy :: 

Market appeared to be cautious ahead of crucial Fed meet. Nifty is generally bearish particularly during midsession upto 1.45pm., Short positions can be considered around 11.30, if Nifty is trading below Open/ ATP with suitable stop loss to be covered by 1.45 / 2.00pm.,

Breakout / Break Down Levels::

Breakout level  is 8677 and Breakdown level 8599 for Nifty spot for Tuesday .,  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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