Market Outlook for 18/03/2015 :: Dr B Amaranatha Sastry
Astro
Info :: Moon transits in Dhanishta in Aquarius.
Tithi : Trayodasi ; Weekday:: Wednesday.
Individuals born in Pisces and Cancer signs and in Pushyami, Anuradhga and
Uttarabhadra constellations may remain cautious in their transactions.
Senstive
time:: 12.15pm
Nifty 8723 +90
Market Outlook for Wednesday, 18th March, 2015 :: Forenoon Better ….!!!
Nifty closed with a gain of 90 points amid choppy movements.
Market appears optimistic ahead of crucial US Fed meet. Nifty would turn
bullish for short term only if it closes above 8800. Nifty spot is expected to
encounter resistance at 8765, 8800 and find support at 8685, 8650 for Wednesday. 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 generate better in the
forenoon and could remain steady / mildly subdued thereafter.
.
Trading strategy ::
Trading strategy ::
The fashion in which market recovered from the low level on
Tuesday, suggests that temporay bottom is in place unless global cues spoil the
sentiment. Hence, if current week low is in place, we could some more upside
and if Nifty closes above 8800, bottom could be in place. Hence if market opens
steady, buy with 8680 spot as stop loss and close the postion by 12.15.,
Breakout
/ Break Down Levels::
Breakout level is 8770 and Breakdown level 8603 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
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(between 8.30am to 9.00am)
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