Astro Technical Guide for Tuesday, 31st March, 2015

Market  Outlook for 31/03/2015 :: Dr B Amaranatha Sastry

Astro Info :: Moon transits in  Aslesha and MAkha  in   Cancer and LEo.    

Tithi : Dwadasi     ; Weekday:: Tuesday. 

Individuals born in Leo and Sagittarius  signs and in Krittika, Uttara and UTtarashadha    constellations    may remain cautious in their transactions.

Senstive time:: 11.35am

Market Outlook for  Tuesday, 31st March, 2015  :: Mid Session Better ….!!!

After 3 weeks of fall, Nifty rose sharply, typical of Derivative opening week. However, Nifty is below 100 DMA and in case it is able to close above 8525, short term and medium term bullishness would return. In view of the long weekend, cautionsness is to be exercised. .  Nifty spot is expected to encounter resistance at 8530, 8565 and find support at 8455, 8420 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 remain subdued in the forenoon session and could recover  thereafter.

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Trading strategy :: 

Close above 8510 / 8525 would bring back bullishness to the market. Hence Monday’s optimism should continue for One more day. Buy on Decline with 8425 as stop loss. IF Nifty trades above ATP in second half of the day, long positions can be considered with the low as SL.

Breakout / Break Down Levels::

Breakout level  is 8535 and Breakdown level 8351 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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