Astro Technical Guide for 23.7.09

ASTRO TECHNICAL GUIDE FOR 23.7.09 , Thursday::

Astro Info:: Moon transits in Aslesha constellation ruled by Mercury. Persons born in Krittika, Uttara and Uttarashadha constellations and in Leo and Sagittarius zodiac signs are advised to be alert in their dealings. Astrologically, market is expected to remain weak for the next 2 – 3 days.

Sensitive / Trend change Timings ::11.10am; 12.30pm; 1.20pm; 2.30pm;

Likely Intraday Trend for 23.7.09 :: On the basis of Planetary position and the aspects amongst planets, outlook for the day is as under ::Market is expected to open steady and recover from 10.10am and generally remain better in the forenoon session and to become weak in the afternoon and particularly from 2.30pm.

Trading Strategy for the day :: If Nifty is trading above open level by 10.15am / 10.30am, long positions can be taken with low level as stop loss and to be closed by about 1.30pm. Thereafter, if Nifty futures is trading below Day’s Average traded price, short positions can be taken with day high as stop loss and positions to be closed by end of the day. Brief outlook for 24.7.09:: Market is expected to open steady and market is expected to remain generally weak.

Technical Levels :: Nifty closed at a crucial level of 4400 and any further weakness would make the market nervous.
Nifty Futures would be bullish above 4425 with resistance around 4462, 4500 and 4530 and bearish below 4385 with supports around 4350, 4312 and 4285 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