Astro Technical Guide for 15.7.09

ASTRO TECHNICAL GUIDE FOR 15.7.09
Astro Info:: Moon posited in Revathi constellation ruled by Mercury (Budha). Persons born in Krittika, Uttara and Uttarashadha advised to be alert in their dealings or may refrain from trading.
Sensitive / Trend change Timings ::11.00am; 12.45pm ; 2.55pm.,
Outlook for 15.07.09:: Market is expected to open steady and recover from 10.30 and generally remain better to become subdued / weak towards close of the day. PSU , Communication stocks are likely to be volatile mostly inclined towards bearishness.

Trading Strategy for the day :: Long positions may be maintained with Low index upto 10.30am as stop loss and to be closed by about 2.30pm. Intraday traders should be highly cautious as Nifty futures is likely to encounter heavy resistance around 4200. Intraday long positions may be maintained only as long as Nifty trades above opening level. Strict stop loss is advised for intraday trading.
Brief outlook for 16.7.09:: Market is expected to open steady and generally remain weak in Second half of the day.
Technical Levels :: In view of the decent run up of the market yesterday, today is a very crucial day for the market . If Nifty closes below 4050, downtrend would continue and if Nifty closes above 4200, Nifty may not breach low level recorded on Monday for this month. Nifty Futures would be bullish above 4140 with resistance around 4175, 4205 and 4235 and bearish below 4100 with supports around 4060,4033 and 4005 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