MIDSESSION BETTER

ASTRO GUIDE FOR 31 & REVIEW

Moon transits in  Aslesha and MAkha  in   Cancer and LEo.    

Tithi : Dwadasi     ; Weekday:: Tuesday. 

Individuals born in Leo and Sagittarius  signs and in Krittika, Uttara and UTtarashadha    constellations    may remain cautious in their transactions.

Senstive time:: 11.35am

After 3 weeks of fall, Nifty rose sharply, typical of Derivative opening week. However, Nifty is below 100 DMA and in case it is able to close above 8525, short term and medium term bullishness would return. In view of the long weekend, cautionsness is to be exercised. .  Nifty spot is expected to encounter resistance at 8530, 8565 and find support at 8455, 8420 for Tuesday.  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 remain subdued in the forenoon session and could recover  thereafter.
Trading strategy :: 

Close above 8510 / 8525 would bring back bullishness to the market. Hence Monday’s optimism should continue for One more day. Buy on Decline with 8425 as stop loss. IF Nifty trades above ATP in second half of the day, long positions can be considered with the low as SL.

Breakout / Break Down Levels::

Breakout level  is 8535 and Breakdown level 8351 for Nifty spot for  Tuesday .,  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.

Live Programme on 6TV by Dr B Amaranatha Sastry can be viewed between 8.30am to 9.00am during weekdays  or can be watched on Internet  http://in.yupptv.com/949/6tv (between 8.30am to 9.00am)

Sensex soars by 517 points

Logging its biggest gain in over two months, the benchmark BSE Sensex today surged by 517 points to end at 27,975.86 on strong buying support, particularly in banking, telecom and IT stocks, amid positive global cues like a fall in crude prices. The benchmark index resumed opened 200 points up and gradually moved upwards to regain 28,000-mark before closing at 27,975.86, a rise of 517.22 points or 1.88 per cent, with almost all the 30 index shares ending with gains. The previous best one-day gain was on January 20 when the Sensex had rallied by 522.66 points. The rally was across-the-board with 12 sectoral indices settling in the positive range of 0.47 per cent and 2.82 per cent. Brokers attributed the the steep rise to value buying from an "over-sold" position. "Firm global cues combined with oversold positions in index majors triggered the rebound initially, which further accelerated following noticeable buying interest," said Jayant Manglik, President, Retail Distribution, Religare Securities. Bharti Airtel was the top gainer with a rise of 3.55 per cent, followed by HDFC 3.52 per cent, ONGC 3.49 per cent, ITC 3.41 per cent and Coal India 3.27 per cent.
"All the sectors ended in green and the major gainers for the day were Capital goods and Realty which closed up around 2.91 per cent and 2.30 per cent, respectively," said Head Research, Geojit BNP Paribas Financial Services. Similarly, the 50-issue NSE Nifty also sprung back by 150.90 points or 1.81 pct to end at 8,492.30. It logged an intra-day high of 8,504.55. As the financial year is coming to an end, markets opened for the day on a bullish note and remained strong throughout the day’s trading session. Among day’s major market moving events, surge in US technology shares overnight helped equities bounce back, said Rakesh Goyal, Senior Vice President, Bonanza Portfolio. Small-cap and mid-cap counters too attracted heavy buying interest from retail investors as their indices outperformed the Sensex. Reduction in crude prices and improvement in F&O liquidity, post a poor March expiry (-7% return) provided essential, said Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services. Brent crude for May eased 41 cents to USD 56.00 in Asia in the afternoon trade.