MIDSESSION WEAK

ASTRO GUIDE FOR 17 & REVIEW

Moon transits in  Sravana     in  Capricorn.    

Tithi : Dwadasi     ; Weekday:: Tuesday. 

Individuals born in Aquarius and Gemini   signs and in Punarvasu, Visakha and Poorvabhadra    constellations    may remain cautious in their transactions.

Senstive time:: 9.50; 1.45pm; 2.50pm.

Nifty                               8633  - 15
Market Outlook for  Tuesday, 17th March, 2015  :: Mid Session Weak ….!!!
Following a wide range Friday, Nifty traded very narrow and choppy and closed with a minor loss.  If Monday’s low level is breached, further fall can be expected. Nifty spot is expected to encounter resistance at 8675, 8720 and find support at 8600, 8560 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  be  subdued / weak in mid session upto about 1.45 and could have a mild recovery / pullback thereafter.
Monday’s range could be the reference range and could be considered bullish / bearish for Tuesday depending on breakout / breakdown.

Trading strategy :: 

Market appeared to be cautious ahead of crucial Fed meet. Nifty is generally bearish particularly during midsession upto 1.45pm., Short positions can be considered around 11.30, if Nifty is trading below Open/ ATP with suitable stop loss to be covered by 1.45 / 2.00pm.,

Breakout / Break Down Levels::

Breakout level  is 8677 and Breakdown level 8599 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.

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SENSEX DOWN 65 POINTS

In a volatile trade, the benchmark Sensex today fell over 65 points to hit an over one-month low of 28,437.71 on profit-booking in metal, FMCG, oil & gas and power stocks ahead of the US Federal Reserve's policy meet. The 30-share Sensex after hitting a session high of 28,581.82 in early trade, subsequently succumbed to profit-booking in heavyweight stocks and slipped into the negative zone as it hit a low of 28,384.09. However, gains in realty, IT, teck, healthcare, banking and consumer durables shares cushioned the fall in the Sensex that settled with a fall of 65.59 points, or 0.23 per cent, at one-month low of 28,437.71. The gauge had lost 427.11 points in the previous session in Friday's close after the rise in retail inflation dampened hopes of aggressive rate cuts by the RBI. Also, the National Stock Exchange index Nifty ended 14.60 points, or 0.17 per cent, down at 8,633.15 after touching a high of 8,663.55 and a low of 8,612 intra-day. Market has turned volatile ahead of the Fed decision, the RBI’s policy next month and company earnings for the March quarter, stock brokers said. Selling pressure was visible across-the-board despite the successful coal and spectrum auctions and passage of Insurance Bill in Parliament, they added.
Globally, Asian markets ended mixed as investors await developments from Bank of Japan and US Federal Reserve meetings this week European markets were up in their opening trade. During the day, government data showed Wholesale Price Index (WPI) inflation for February dipped (-) 2.06 per cent as prices of good articles, manufactured items and fuel products fell during the month. This is the fourth month in a row that WPI-based inflation remained in the negative zone. Stocks of Sesa Sterlite suffered the most among Sensex constituents by plunging 5.16 per cent, while Hindalco finished 3.64 per cent. Others which dragged down the indices included Bharti Airtel, NTPC, HDFC Ltd, GAIL, Dr Reddy, ITC Ltd, Hind Unilever, RIL, Cipla, L&T, M&M, TCS, ONGC and Maruti Suzuki. Infosys, however, gained the most by rising 2.28 per, followed by Sun Pharma, Tata Power, BHEL, Wipro, HDFC Bank, Hero MotoCorp, Bajaj Auto, ICICI Bank, SBI and Tata Motors. Sectorally, the BSE Metal index suffered the most by falling 1.49 per cent, followed by FMCG index (0.96 pc), Power index by (0.78 pc), Infrastructure index by (0.83 pc), Oil & Gas index (0.75 pc), Capital Goods index by (0.63 pc) and Auto index (0.20 pc). Meanwhile, Foreign portfolio investors (FPIs) bought shares worth a net Rs 66.98 crore last Friday, as per provisional data released by the stock exchanges.