Astro Technical Guide for 16.7.09

ASTRO TECHNICAL GUIDE FOR 16.7.09
Astro Info:: Moon posited in Aswini constellation ruled by Ketu. Persons born in Rohini, Hastha and Sravanam are advised to be alert in their dealings.

Sensitive / Trend change Timings ::11.10am; 1.30pm

Outlook for 16.07.09:: Market is expected to open better and steadily become weak after 11.00am and to become more weak in Second half of the day and may close weak for the day. Cement and Steel stocks are expected to be subdued / weak.

Trading Strategy for the day :: If Nifty trades below day’s weighted average, short positions can be taken between 10.30am and 11.00am with stop loss of high recorded upto 11.00am and such short positions may be closed by end of the day.
Strict stop loss is advised for intraday trading.

Brief outlook for 17.7.09:: Market is expected to open steady / subdued and recover after 10.30am and become weak towards close of the day.

Technical Levels :: Nifty closed above crucial level of 4200 on Wednesday. It is important that it maintains above that level to resume further bullishness.
Nifty Futures would be bullish above 4255 with resistance around 4295, 4330 and 4360 and bearish below 4220 with supports around 4185, 4150 and 4120 for the day... Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.
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