Skip to main content

CLOSING SESSION CRUCIAL

ASTRO GUIDE FOR 20 & REVIEW

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.
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)


SENSEX UP 142 pts

Surging for the seventh straight session, the benchmark Sensex today gained over 142 points to close at 29,462.27 today boosted by sharp rise in metal shares after some firms won mines in ongoing coal block auction. Stocks of Jindal Steel Power zoomed over 25 per cent. Hindalco, Tata Power, Tata Steel and Sesa Sterlite rose in the range of 2-7 per cent. Rate-sensitive capital goods and realty shares also saw buying on hopes of rate cuts as inflation slowed. Participants continue to bet on a growth-oriented budget, brokers said. In volatile movements, the 30-share BSE Sensex opened on a strong footing but succumbed to profit-booking and stayed in the negative zone for a major part of the session. It hit the day's low of 29,108.15. However, a flurry of buying in the last 90 minutes boosted share prices and helped the Sensex rebound and hit a high of 29,522.86 before closing at 29,462.27 -- a net gain of 142.01 points, or 0.48 per cent. The bluechip gauge has now garnered 1,234.85 points in the seven straight sessions and is at three-week high levels. "Today's market activity was the best example of volatility ahead of the budget...our domestic news flow has also turned positive in terms of strong response to bidding of coal blocks," said Kotak Securities, head - Technical Research, Shrikant Chouhan. The wide-based NSE Nifty index rose by 26.20 points, or 0.30 per cent, to close at 8,895.30. Intra-day, it moved between 8,794.45 and 8,913.45. As many as 20 of the 30 Sensex stocks closed with gains. In the broader market, jewellery stocks such as PC Jeweller, Gitanjali Gems, Tribhuvandas Bhimji and Titan caught buyers' fancy after RBI relaxed gold import norms. Sectorwise, Metal index rose by 3.82 per cent, followed by the Capital Goods (1.36 per cent), Realty (1.06 per cent), Power (0.86 per cent) and IT (0.79 per cent) among others. Buying activity gathered momentum in small and mid-cap sector stocks as well. The BSE Smallcap index edged up by 0.10 per cent and midcap index gained 0.04 per cent. Foreigners bought shares worth a net Rs 2,187.96 crore yesterday as per provisional data from bourses.

Comments

Popular posts from this blog

BIRLAS ENTER TOP LEAGUE WITH $50 BILLION M CAP

The Aditya Birla group has entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Among various listed companies of the group, UltraTech Cement's valuation stood at Rs 1,10,097.70 crore at the end of Friday's trade while that of Grasim Industries was Rs 76,881.73 crore.
The newly-listed Aditya Birla Capital's market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore).
Among Indian conglomerates, the Tata group remains on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
There are 29 pu…

DHIRUBHAI ENJOYED IN WEALTH CREATION

Leading businessman Anil Ambani today said more than creating wealth for himself, his father late Dhirubhai Ambani derived greater happiness from creating wealth for masses. "If you ever asked what part of being an entrepreneur he (late Ambani) enjoyed the most, he would say, 'I enjoy creating wealth. But what I enjoy even more is in creating wealth for the people of the country,'" the Anil Ambani Group chairman said while addressing an industry event here. It can be noted that the late Ambani, who had a humble beginning as a primary school teacher's son in Gujarat, is regarded as the father of capital markets and the equity cult, who made millions of investors millionaires with the IPO of Reliance Textile Industries in 1977. A person who had put in Rs 1,000 then in the IPO is worth over a million today, going by the price of RIL. Stating that the launch of Kothari Pioneer Mutual Fund, which was country's first private MF in 1993, was his (Dhirubhai's) id…

BEAR GRIP ON INDIAN STOCK MARKET

RECORDS 1 WEEKLY FALL IN 6 WEEKS
Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day today as both Sensex and Nifty fell over 1 per cent to hit their one-month lows. The sharp plunge left investors poorer by over Rs 95,000 crore as the market cap stood at Rs 1,27,08,846 crore. Risk appetite took a hit after the Economic Survey said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult. This is markets' first weekly fall in six.
Weakness in the rupee against the American currency and lacklustre global shares dragged down the indices, too. The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4. The index had tumbled 794.08 points in the last four sessions. The NSE Nifty after cracking the 9,700-mark to hit a low of 9,685.55, finally settled lower 109.45 points, or 1.11 per cent…