Astro Technical Guide for 17.7.09

ASTRO TECHNICAL GUIDE FOR 17.7.09

Astro Info:: Moon posited in Bharani constellation ruled by Venus (Sukra). Persons born in Mrigasira, Chitta and Dhanishta are advised to be alert in their dealings.

Sensitive / Trend change Timings ::10.34am; 1.30pm., 2.50pm;

Outlook for 17.07.09:: Market is expected to open steady / subdued and recover after 10.30am and is expected to display volatile movements after 1.00pm and may become subdued / weak after 2.50pm., Cement and Steel stocks are expected to be generally better and Bank stocks may become subdued towards close of the day

Trading Strategy for the day :: If Nifty is trading above day’s weighted average after 10.30am , Long positions can be taken with stop loss of Low recorded upto 10.45 am and such long positions may be closed after 1.00pm depending on market position . Risky traders can try short positions after 1.00pm or after 2.30pm if the market appears to be heading southwards with Average Traded Price plus some filter as stop loss. Strict stop loss is advised for intraday trading.Brief outlook for 20.7.09:: Market is expected to open steady / subdued and generally remain weak and may recover towards close of the day.

Technical Levels :: Nifty would be generally Bullish , as long as it is able to sustain above 4200. Nifty Futures would be bullish above 4250 with resistance around 4285, 4320 and 4345 and bearish below 4210 with supports around 4175, 4140 and 4115 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