BUY ON DECLINE

ASTRO GUIDE FOR 13 & REVIEW

Astro Info :: Moon transits in  Anuradha  in  Scorpio .   

Tithi : Bahula Navami ; Weekday:: Friday. 

Individuals born in Sagittarius and Aries    signs and in Bharani, Pubba and Poorvashadha     constellations    may remain cautious in their transactions

Senstive time:: 11.55; 12.55pm;

Nifty                               8712   +85
Market traded in a zigzag fashion in the forenoon and recovered smartly in the Second half due to global cues (after Ukraine Ceasefire) and ended with a gain of about 1% and above 8700 mark. Thursday’s move signals the end of short term bearishness and “Pre budget Rally” seems to have begun and a case of Buy on Decline with 8550 as Stop Loss. Nifty spot is expected to encounter resistance at 8755, 8790 and find support at 8675, 8635 for  Friday.   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 and any intraday fall is an opportunity to Buy.
Trading strategy :: 

Nifty becomes clearly bullish and any fall is an opportunity to Buy. Buy on Decline with yesterday’s low or 8630 as stop loss.

Breakout / Break Down Levels::

Breakoutlevel  is 8766 and Breakdown level 8565 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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MARKET AGAIN BULLISH

Rising for the third straight session, the benchmark Sensex today gained 271 points to end at 28,805.10 and the Nifty index reclaimed 8,700-mark by jumping 84 points on a flurry of late buying in anticipation of positive retail inflation and IIP data. A good showing by Europe also influenced trading, brokers said, adding that global investors lapped up a dose of monetary stimulus from Sweden's central bank and reports that Russia and Ukraine have agreed a ceasefire will take place. In domestic stocks, all the sectoral indices, barring FMCG sector, closed in the positive terrain with capital goods, power and IT sectors leading the rally. The Sensex resumed higher at 28,650.25 and hovered in a wide range of 28,838.52 and 28,406.25 before ending at 28,805.10, showing a gain of 271.13 points of 0.95 per cent. It has now gained by 577.71 points or 2.05 per cent in 3 days. Similraly, the CNX 50-share Nifty rose by 84.15 points, or 0.98 per cent, to end at 8,711.55. In key earnings, Hindalco Industries reported 7.5 per cent rise in net profit for the third quarter. Its shares ended higher by 2 per cent. "After trading range bound for most part of the session, sudden surge in last hour helped index to end with decent gains on Thursday. It seems participants bought stocks in anticipation of strong macro-economic data of IIP and CPI inflation, which is scheduled post market," said Religare Securities, President-retail distribution, Jayant Manglik. Sentiments were buoyed by the Finance Minister Arun Jaitley's statement that the defeat in Delhi polls will not slow down the pace of economic reforms and optimism over the forthcoming Budget.