NIFTY OUTLOOK FOR 28 & REVIEW

MID SESSION BETTER

Nifty                               8911   +75

Astro Info :: Moon transits in  Bharani and Krittikia  in Aries.   

Tithi : Sukla NAvami  ; Weekday:: Wednesday;

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

Nifty Range of Thursday and Friday(Combined High and Low of these Two days) may be regarded as the reference range for the next Three weeks and can be expected to be bullish above the High of this range and Bearish below the low of this range. Now the range is  8866 and 8727 and Hence further bullish above 8866 and Bearish below 8727 and neutral in between these levels.

Since it has closed above the high of the above range, first target is 9010. (However, there is a weekly resistance of 8950, which too could act as a resistance)

Senstive time:: 10.30AM; 11.10AM; 12.40 TO 1.25PM; 2.50PM;

Market Outlook for Wednesday, 28th January, 2015 



Nifty remained subdued in the forenoon and rose smartly in the closing session (after 2pm) to close with a gain of 75 points and closed above 8900 points. Nifty has been going up for the last Eight days continuously. While Nifty has been going up, Advance Decline ratio is negative suggesting a weak market in general.
Stop loss for Nifty long positions may be trailed to 8750 (on close basis). Nifty spot is expected to encounter resistance at 8950, 8985 and find support at 8870, 8830 for  Wednesday.   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 subdued opening and closing session and better midsession.

Trading strategy :: 

Based on planetary position and the aspects among planets, market can be expected to be subdued in the opening session. After 11.30, if Nifty trades above  Open level and Average Traded Price, long positions can be considered with low level as SL to be closed by about 2.00pm.,

Breakout / Break Down Levels::

Breakoutlevel  is 8950 and Breakdown level 8800 for Nifty spot for Wednesday .,  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.