CAUTION @ HIGHER LEVELS/MIDSESSION WEAK

ASTRO GUIDE FOR 25 & REVIEW

Nifty                               8543  -8

Senstive time:: 11.50am; 1.30pm

Astro Info...

Moon transits in  Rohini  in  Taurus.    

Tithi : Shashti     ; Weekday:: Wednesday. 

Individuals born in Gemini and Libra   signs and in Punarvasu, Visakha and Poorvabhadra    constellations    may remain cautious in their transactions.

Nifty traded in a zigzag / choppy manner but could not sustain at higher levels and  closed with a minor decline. With derivative expiry only 2 days away, scrip wise movement is to expected and  most stocks being bearish further down side can not be ruled out. However, Nifty is close to medium term support of about 8515 and could offer support around 8500.  Nifty spot is expected to encounter resistance at 8585, 8620 and find support at 8505, 8470 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 witness zigzag movements  with weak midsession and general bearish bias thereafter.

Trading strategy :: 

Mid session from 11.30 to 1.30 appears to be weak.  Hence any rise before 11.30 may be utilized to take short positions with day high till 11.30 as SL and partial profit may be booked by 1.30 and balance by close of the day.

Breakout / Break Down Levels::

Breakout level  is 8651 and Breakdown level 8513 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.

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LATE SELL OFF DRAGS INDICES LOW

After rising over 260 points, benchmark Sensex erased all gains and settled 30 points down today to over nine-week low of 28,161.72 on fag-end selling in auto, banking and IT shares. Losses in Tata Motors, HDFC Bank and Infosys weighed on markets, which fell for the fifth straight session. Stock brokers said besides caution ahead of March expiry in the derivatives segment on Thursday, selling by mutual funds to meet redemption pressure in view of ending financial year 2014-15 also dampened trading sentiment. In a highly volatile trade, the 30-share index rose to the day's high of 28,455.32 points on the back of recovery in selective bluechip stocks. However, a late sell-off pushed the index to the day's low of 28,130.09 before settling 30.30 points, or 0.11 per cent, down at over 9-week low 28,161.72. The gauge has now lost 574.66 points in the five sessions. On similar lines, the 50-share NSE Nifty ended with a loss of 7.95 points, or 0.09 per cent, to settle at 8,542.95 after trading between 8,627.75 and 8,535.85. Tata Motors suffered the most among Sensex stocks by plunging 3.27 per cent ahead of company's board meet tomorrow to consider rights issue. Other laggards include Hindalco, Hindustan Unilever, SBI, Tata Steel, Hero MotoCorp, ICICI Bank and TCS. Among the 30 Sensex constituents, 16 scrips, including Bharti Airtel, GAIL, NTPC and Sesa Sterlite, gained. Pharma stocks attracted buyers' attention after Sun Pharma and Ranbaxy got approval from the CCI for sale of seven brands to Emcure Pharma to comply with the fair trade watchdog's conditional nod for their USD 4-billion merger. Sun Pharma rose 1.55 per cent. Dr Reddy's and Cipla too rose. Shares of Jindal Steel and Power recovered by 1.20 per cent after Delhi High Court yesterday directed the Centre to maintain status quo on a Chhattisgarh mine, the bid for which by the company had been cancelled by the government. Sectorwise, the BSE Auto index suffered the most by losing 1.17 per cent, followed by Banking index (0.61 per cent), IT index (0.50 pc), Realty index (0.40 pc) and FMCG (0.30 pc). Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 417.41 crore and domestic institutional investors (DIIs) bought shares worth a net Rs 403.91 crore yesterday as per provisional data.