MARKET ASTRO GUIDE FOR 20 & REVIEW

SECOND HALF BETTER

Nifty                               8635  -51

Moon transits in  Poorvabhadra   in  Aquarius.    

Tithi : Amavasya     ; Weekday:: Friday. 

Individuals born in Aries and Leo    signs and in Aswini, Makha and Moola    constellations    may remain cautious in their transactions.

Senstive time:: 11.50am; 1.30pm; 3.05pm;

Market Outlook for  Friday, 20th March, 2015  :: Second Half Better ….!!!
Market opened higher due to global cues but could not sustain at higher levels and sold off  after 2.00pm to close in the negative zone with a loss of more than 50 points. Nifty was unable to pierce the resistance level and the short term bearishness continues. Nifty spot is expected to encounter resistance at 8675, 8715 and find support at 8595, 8560 for Friday.   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 and could be generally better in the second half.

Trading strategy :: 

Market could hit the day’s bottom in the forenoon and generally recover thereafter, particularly between 1.30 and 3.00., (subject to weekend concerns)., Suitable trading strategy may be formed to close any long position by about 3.00pm.,

Breakout / Break Down Levels::

Breakout level  is 8831 and Breakdown level 8571 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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Sensex slips another 152 pts

The Sensex today rose over 350 points in early trade after a dovish Fed stance cooled expectations of an early US rate hike but the benchmark ended with over 152-point loss on a late sell-off in banking, capital goods and oil & gas bluechips. Shares of Axis Bank, SBI, ICICI Bank, BHEL, RIL and ITC saw moderate to sharp losses, leading to the BSE index falling for the second straight session. In Asia, barring Japan, country-specific indices in all major markets rose in a relief rally as the Federal Reserve , after a closely watched two-day meeting issued a statement that had removed a pledge to remain "patient" on raising rates, signaling a possible mid-year rate increase. However, Fed chief Janet Yellen emphasised that while jobs were picking up the economy was more muted than 3 months ago, adding that consumer spending slipped and inflation slowed. The 30-share Sensex had risen to a day's high of 28,978.74 in early trade and remained in the green for a major part of the session amid a firming global cues. However, a late sell-off by participants dragged down the Sensex to touch the day's low of 28,411.70 points. It closed with a loss of 152.45 points, or 0.53 per cent, at 28,469.67. The gauge lost 114.26 points yesterday in a volatile trade. "Despite positive global cues, equity benchmarks concluded the session with a cut. They failed to capitalise the initial push, which was triggered in response to the US Fed's balanced statement on interest rate hike," said Jayant Manglik, President-retail distribution, Religare Securities. The 50-share NSE Nifty ended with a loss of 51.25 points, or 0.59 per cent, to settle at 8,634.65 after touching the day's high of 8,788.20 and a low of 8,614.65. Sectorwise, the BSE Banking index suffered the most by losing 1.76 per cent, followed by Realty (1.50 per cent), Capital Goods (1 per cent), Oil & Gas (0.68 per cent), FMCG (0.64 per cent) and Power (0.52 per cent). Meanwhile, Foreign Portfolio Investors (FPIs) sold shares worth a net Rs 457.43 crore yesterday, as per provisional data released by the stock exchanges.