Astro Technial Guide for 14.7.09

ASTRO TECHNICAL GUIDE FOR 14.7.09

Astro Info:: Moon posited in Uttarabhadra ruled by Saturn Persons born in Bharani, Pubba and Poorvashadha are advised to be alert in their dealings or may refrain from trading.

Sensitive / Trend change Timings ::10.07am; 1.00pm ;

Outlook for 14.07.09:: Market expected to open steady / better and remain subdued / weak from 10.30am and is expected to recover from 12.50pm . Entertainment, Media, Chemical stocks are likely to be generally better .

Trading Strategy for the day :: Keeping in view the above outlook, traders can take short positions around 10.30am with day high rates as stop loss and to close such short positions before 12.45pm . Depending on the market, long positions can be taken around 1.00pm with day lay low rates as stop loss and to be closed by end of the day. Strict stop loss is advised for intraday trading.
Brief outlook for 15.7.09:: Market is expected to open better and generally remain so and may become subdued towards close of the day.
Technical Levels :: Nifty Futures would be bullish above 3975 with resistance around 4000. 4020 and 4050 and bearish below 3959 with supports around 3935,3915 and 3885 for the day...
Disclaimer :: Intraday trading is risky and Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements..

Trade only with stop loss,

Happy Trading,

Dr B Amaranatha Sastry