NIFTY OUTLOOK FOR 20 & REVIEW

FORENOON GENERALLY BETTER

Nifty                               8551   +37

Astro Info :: Moon transits in  Uttarashadha in Capircorn

Tithi : Amavasya ; Weekday:: Tuesday;

Senstive time:: 1.10 to 2pm ; and  2.20pm.,

Nifty opened better with a gap and sustained the gap trading in a narrow range  and closed with a gain of 37 point. Stop loss for Nifty long positions may be trailed to 8450 (on close basis). Nifty spot is expected to encounter resistance at 8590, 8625 and find support at 8510, 8475 for Tuesday.   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 in a zigzag manner with generally better forenoon and possible profit booking in the closing hour.

Trading strategy :: 

Based on planetary position and the aspects among planets, market can be expected to be better in general in the forenoon and could encounter selling pressure in the closing hour.   Long positions in the forenoon with low as SL and Short positions after 2 with high as SL.

Breakout / Break Down Levels::

Breakoutlevel  is 8581 and Breakdown level 8521 for Nifty spot for Tuesday .,  It is unlikely that both levels would be breached., 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.

Individuals born in Aquarius and Gemini signs and in Aardra, Swathi and Sathabhisham constellations    may remain cautious in their transactions.