Astro Technical Guide for 10.7.09

ASTRO TECHNICAL GUIDE FOR 10.7.09::

As Nifty has come near very strong weekly support and good intraday movement is foreseen on Friday, this special update is made out .

Astro Info:: Moon posited in Dhanishta ruled by Mars
Persons born in Pushyami, Anuradha and Uttarabhadra are advised to be alert in their dealings or may refrain from trading.

Sensitive / Trend change Timings ::Major :: 12.40pm; 2.27pm.,
Minor :: 11.00am; 1.05pm
Outlook for 10.07.09:: Market expected to open better and remain weak from 11.00am to 12.40pm and recover thereafter. PSU and Cement / steel stocks may be subdued while Bank and FMCG stocks may do better.
Trading Strategy for the day :: If market opens steady long positions can be taken upto 11.00am and again short positions may be taken to be closed by about 12.30pm to 1.00pm.(From 11.00am to 12.30pm, it is very bearish time and hence intraday long positions are strictly not suggested (as per astro guidance). and depending on the market , long positions can be taken with low index as stop loss after 12.45pm and to be liquidated by close of the day.

Yesterday’s low of 4033 for Nifty Fut may not be breached, as it is major weekly support. (as indicated in weekly astro guide also). Even if it is breached , it may not go deep on the down side. On the upside, it may go upto 4150 / 4190 for the day.

Technical Levels :: Nifty futures bullish above 4085 with resistance around4110,4130,4161(and 4210 in case of extreme bullishness) and bearish below 4065 with supports around 4042,4022 and 3990 for the day...
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 Amaranath Sastry