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.
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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.