Astro Technical Guide for Friday, 20th February, 2015

Market  Outlook for 20/02/2015 :: Dr B Amaranatha Sastry,

Astro Info :: Moon transits in  Poorvabhadra in Aquarius .    

Tithi : Sukla Vidiya  ; Weekday:: Friday. 

Individuals born in Pisces and Cancer    signs and in Aswini, Makha and Moola     constellations    may remain cautious in their transactions.

Senstive time:: 10.35am; 11.40am; 1.10pm; 2.00pm; 3.00pm;

Nifty                               8895   +26

 

Market  Outlook for 20/02/2015 :: Dr B Amaranatha Sastry

 

Market Outlook for  Friday, 20th February, 2015  :: Closing Session Crucial ….!!!

Nifty  experienced a roller coaster ride by taking out both high and low of the previous day and finally closed in the positive territory due to huge buying in the closing session of the day. Stop loss for Nifty may be trailed to 8775 (on close basis).  Nifty spot is expected to encounter resistance at 8940, 8975 and find support at 8860, 8820 for  Friday.  Nifty is expected to encounter resistance around 8925. While lobal cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to trade in a zigzag manner with crucial  closing  session.

 

 

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Trading strategy :: 

While Nifty’s close below 8775 only  would make it bearish, it is likely to encounter resistance around 8925 which if crossed convincingly only would go up further. For Friday, expect zigzag movements (around aforementioned sensitive timings) and closing session is crucial / sensitive.

Breakout / Break Down Levels::

Breakoutlevel  is 8943 and Breakdown level 8765 for Nifty spot for Friday .,  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)

Astro Technical Guide for Thursday, 19th February, 2015

Market  Outlook for 19/02/2015 :: Dr B Amaranatha Sastry,

Astro Info :: Moon transits in  Sathabhisham in Aquarius .    

Tithi : Sukla Padyami  ; Weekday:: Thursday. 

Individuals born in Pisces and Cancer    signs and in Aslesha, Jyeshta and Revathi    constellations    may remain cautious in their transactions.

Senstive time:: 11.40; 12.15pm;

Nifty                               8869   +60

 

Market Outlook for  Thursday, 19th February, 2015  :: Forenoon Better ….!!!

Nifty traded in the positive territory throughout the day and despite some profit booking at higher levels, closed with decent gains. Stop loss for Nifty may be trailed to 8750 (on close basis).  Nifty spot is expected to encounter resistance at 8910, 8950 and find support at 8830, 8800 for  Thursday.  Nifty is expected to encounter resistance around 8925. While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to trade generally better in the forenoon and could encounter selling pressure in Second half of the day.

 

 

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Trading strategy :: 

While Nifty’s close below 8750 only  would make it bearish, it is likely to encounter resistance around 8925 which if crossed convincingly only would go up further. For Thursday forenoon is better and Second half subdued. There would be loss of momentum if Nifty closes below 8910.,   Based on this and below mentioned levels, appropriate strategy suiting one’s risk profile may be designed.

Breakout / Break Down Levels::

Breakoutlevel  is 8913 and Breakdown level 8788 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)

Weekly Astro Technical Guide (16.2.15 to 20.2.15) and Commodity Watch

Further Uptrend … Buy on Decline …!!!

 Planetary Position ::  During the current week Moon would be transiting  from Poorvashadha  in Sagittarius  to Poorvabhadra in Aquarius.  

Sun transits in  Dhanishta and Sathabhisham in Aquarius.

Mercury   transits  in      Uttarashadha and Sravana in Capricorn in direct motion. Market witnessed dual movement when it was in retro motion .

Venus transits in    Poorvabhadra  and Uttarabhadra in Pisces.

Mars transits in  Uttarabhadra in Pisces.

Saturn transits in   Anuradha constellation in Scropio sign and in Virgo Navamsa.

Jupiter , in retrograde motion from December 9^th   to 8^th April 2015, transits in  Cancer in Aslesha constellation in    Capricorn Navamsa  .

Rahu and Ketu continue their transit in Virgo and Pisces respectively.

As mentioned in last week report, market bottomed out on Tuesday and is in uptrend for a Pre budget rally.

Nifty Outlook for Next Week :: (16.02. 2015 to 20.02. 2015) …  

 NIFTY :: 8806 (+145) (  Pre Budget Rally…!!!)

Nifty has been behaving unusually in the new year with either continuous uptrend without any retracement or continuous downtrend without any pullback.  Nifty fell continuously for 7 trading sessions from 8952 to 8526 and had gone up for Four  days to close above 8800 mark. Markets ignore the event after it is out and same thing happened with Delhi results too. With another Eight trading sessions to go for Budget, whether the present bullish momentum would sustain or not is to be seen. Before the Budget, there would be Railway and Economic Survey which too would impact market movement.

Technically, Nifty can run up till Budget for a new high due to the optimism. Altenatively, it may not make a new high before budget but retrace and could go up / down steeply after the Budget on the strength of the proposals. In either case, long term trend is bullish and investors can accumulate quality stocks on dips while traders need to be highly careful. It, Pharma and Private sector Banks are generally bullish while Metals, Public sector banks are clearly bearish. Infra and Realty stocks are generally bearish.

Budget proposals could facilitate positive environment for certain sectors with encouraging proposals. Further it is to be seen whether Delhi results would slow down reforms or not?

 Further monetary policy of RBI  too would depend on Budget proposals etc.,  Hence Budget proposals are the key for further market movement during the year.

However, there would be a lag between effort and the results and once corporate results improve confidence would further grow.

As First full fledged budget of the new Government is less than Three weeks away,  optimism can be expected before Budget . Any further correction relative to recent rise can be considered as an opportunity to Buy.  End of correction could coincide with Delhi election results.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8730, 8460, 8320 and 7925 respectively and would

act as supports / resistances. Nifty is above all averages .

Nifty continues to be above 200 DMA and 50 DMA too is above 200 DMA (Golden Cross) suggesting that the

long term bullish trend is intact.   Nifty is quoting at a PE of about 23.31 which is around   25% above the long term PE multiple.  Nifty EPS fell after Q3 results and the EPS fell from 391 to 378  due to change in weightage of Nifty constituents. Nifty PE, though not in bubble zone, is indicating caution and earnings need to improve substantially over the next Two quarters  failing which a reversion to mean with a serious correction can not be ruled out.

Strong long term support would be around 7925

level and Medium term support is 8350. 

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8830 with

resistance at 8915, 9000, 9050 and 9130 and is expected to Bearish below 8780 with Supports at 8695, 8615, 8560, 8480.

Short term trend for Nifty is presently bullish and would continue to remain bullish as long as it holds above 8650.

Breakout level for the week is 8910,  and break down level for the week is 8380. 

Advice for Traders ::

Market went up smartly from lower levels despite BJP’s debacle in Delhi elections as Market usually reacts more before the news and less after the event. Pre Budget rally appears to have begun and the short term trend is in sync with long term trend. A clear case of “Buy on Decline” with 8650 as stop loss can be considered and stop loss can be trailed progressively.

 Weekly Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa

Commodity Guide  (16.2.15 to 20.2.15)
Commodty LTP Weekly Range Neutral Range Recommendation Copper 357 362.50 - 348 347 - 335 In pullback mode Crude Oil 3294 3339 - 3001 3225 - 3060 In Pullback Mode $52.78 54 - 48 52 - 49 In pullback mode Gold 26691 26990 - 26508 27300 - 26900 Neutral with bearish bias $1,227 1246 - 1217 1225- 1235 Strong Support at 1205 and Res at 1255 Lead 114.55 116.40- 112 115.5 - 117.3 Bearish below 112 Resistance at 188 Nat Gas 173 180 - 161 173 - 164 Bearish but in Pullback Mode Silver 38204 38377 - 37050 38200 - 37300 In neutral Zone Zinc 133.35 135 - 131.50 133.5 - 131.50 Strong support at 129., Buy on Decline with 12 as SL

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.