RECOVERY TOWARDS CLOSE

ASTRO GUIDE FOR 10 & REVIEW

Astro Info :: Moon transits in  Swathi   in Libra.    

Tithi : Panchami     ; Weekday:: Tuesday. 

Individuals born in Scorpio and Pisces    signs and in Aslesha, Jyestha and Revathi   constellations    may remain cautious in their transactions.

Senstive time:: 10.30am; 12.00pm; 3.00pm

Nifty                               8757  -181

Market Outlook for  Tuesday, 10th March, 2015  :: Recovery towards Close….!!!
Nifty opened with a huge gap down and continued its fall thereafter and closed at the lowest level with a loss of about 2%. Short term trend turns bearish as long as it closes below 8950. However, if it falls further , a minor pullback can be expected . Nifty spot is expected to encounter resistance at 8790, 8830 and find support at 8715, 8675.   While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  be generally subdued in the forenoon and could recover in  Second half particularly towards close.

Trading strategy :: 

Nifty gets into short term bearishness. However, some pullback can be expected if it falls further. Hence if Nifty takes support above 8710, long positions can be considered with stop loss of 8699 (in the afternoon) and profit may be booked towards close. (Nifty can be expected to trade above ATP after 1.00pm for the day and may not breach the low. However, above strategy is against the short term trend and needs to be handled only by traders with high risk appetite.

Breakout / Break Down Levels::

Breakoutlevel  is 8930 and Breakdown level 8702 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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REVIEW...

MARKET TUMBLES ON US FED FEARS

Indian stocks fell the most in over two months today with benchmark Sensex tanking 604 points to 28,844.78 and Nifty index tumbling 181 points to 8,756.75 on massive selling in line with global markets on fears of an earlier-than-expected US interest rate hike. After US Labour Department said unemployment fell to 5.5 per cent in February, the lowest level since May 2008, speculation was triggered that the US Federal Reserve will lift rates from near-zero as early as summer, say brokers. If the US Fed hikes rates earlier than markets estimated, emerging countries like India may be hit. Rupee's plunge too kept the market on a shaky ground. After a gap-down opening, key indices kept falling as key supported levels triggered fresh short-selling, say brokers. Rich valuations after recent record breaking rally and lack of definite cues with two major events - the Union Budget and the much awaited rate cut by the RBI out of the way, domestic investors preferred booking profits, they added. The Sensex opened at 29,316.54 and fluctuated between a high of 29,321.06 and a low of 28,799.76 before concluding at 28,844.78, a massive fall of 604.17 points, or 2.05 per cent over last close. Previously, it had plunged by 854.86 points or 3.07 per cent on January 6, 2015. It was a sea of red in domestic markets today. Nearly 1900 shares on the BSE fell while less than 1,000 managed to rise. "There are concerns over liquidity flows into India and other emerging markets, when US actually increases interest rates," said Dipen Shah, Head of PCG (Private Client Group) Research, Kotak Securities. Banking, power, capital goods, realty, metal, IT, oil&gas, auto and FMCG shares reported sharp losses. The NSE index, CNX Nifty also plummeted by a massive 181 points, or 2.03 per cent to end at 8,756.75 after touching a intra-day low of 8,740.45. This was also its worst daily drop since January 6 when it slid by 251 points. Elsewhere in the region, barring Shanghai Composite which rallied on the back of strong export data, most equities remained under intense selling pressure with key indices in Hong Kong, Japan, Singapore and Taiwan ending lower. Europe too was trading lower in late morning deals. France's CAC was down by 0.76 per cent, Germany's DAX by 0.38 per cent and the UK's FTSE by 1.42 per cent on the back of fall on Wall Street last weekend.