Astro Technical Guide for 21.7.09

ASTRO TECHNICAL GUIDE FOR 21.7.09
Astro Info:: Moon transits in Punarvasu constellation ruled by Jupiter . Persons born in Aswini, Makha and Moola constellations and in Cancer and Scorpio zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::11.36am; 12.55pm; 1.38pm;

Likely Intraday Trend for 21.7.09 :: On the basis of Planetary position and the aspects amongst planets, outlook for the day is as under ::
Market is expected to open better and become subdued / weak from 10.15am to 12.30pm. Thereafter, market is expected to recover particularly from 1.50pm onwards. Cement and Steel stocks are expected to be better.

Trading Strategy for the day :: Market is generally Bullish but in over bought zone. Hence both Buying at high level and short selling can be considered risky without proper hedging mechanism. However, considering only intraday outlook, If Nifty is trading below day’s Average traded price by 10.30am , risky traders can take short positions with day high as stop loss and such short positions to be closed by 12.30pm. Thereafter, if market is trading above Day’s average traded price, long positions can be taken with 10 points lower than Day’s average traded price as stop loss and such long positions may be closed by end of the day.

Brief outlook for 22.7.09:: Market is expected to open weak and recover from 12.15pm and remain steady from 2.30pm.

Technical Levels :: From weekly perspective, Nifty would become weak when it closes below 4400. However, technically market is very strong and has strength to test previous high of 4700.
Technical Levels for the day:: Nifty Futures would be bullish above 4525 with resistance around 4565, 4600 and 4630 and bearish below 4485 with supports around 4445, 4410 and 4380 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.. Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.

Trade only with stop loss..

Happy Trading..

Dr B Amaranatha Sastry