NIFTY OUTLOOK FOR 02 & REVIEW

ZIG ZAG MOVEMENTS

Nifty opened lower following global cues but traded steadily and closed flat for the day after crossing previous day’s high level, indicating resilience and bullish undertone. Nifty is neutral with bullish bias as long as it holds 8220 (on close basis). Overall market movement is rather dull and listless due to lower participation from institutions.  Nifty spot is expected to encounter resistance at 8325,, 8360 and find support at 8245, 8210 for Friday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to display zigzag / volatile movements with alternate bouts of bullishness.

Astro Info ::  Moon transits in Rohini in  Taurus .  Individuals born in Gemini and Libra Moon   signs and in Punarvasu, Visakha and Poorvabhadra  are advised to be careful in their transactions.

Astro Trading Strategy ::  Market is generally expected to witness zigzag movements.,  Closing hour can be expected to better.
 Sensitive time for the day is 12.15pm.,
Break Out level for Nifty is 8307 and Break Down level is 8237.,  If one level is achieved, the other is unlikely to be tested.  IF breakout level is achieved in the forenoon and trades above, Buy and Sell strategy may be followed and vice versa.