Astro Technical Guide for Friday, 31st July, 2009

Astro Info:: Moon transits in Anuradha constellation ruled by Saturn. Persons born in Bharani, Pubba and Poorvashadha constellations and in Sagittarius and Aries zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::10.20am; 11.30am; 2.30pm;

Likely Intraday Trend for 31.7.09 :: On the basis of Planetary position and the aspects amongst planets, outlook for the day is as under ::

Market is expected to open better but immediately become subdued and recover after 11.45am and to become steady / subdued after 2.00pm. Public Sector stocks are expected to be better while Power and Pharma stocks could be volatile inclined towards bearishness.

Astro Technical Trading Strategy for the day :: Nifty futures level of 4610 is expected to be a major resitance and if it is not able to cross it by 10.15am, high risk traders can take short positions with 4615 as strict stop loss and to close such short positions by 11.30am. . If Nifty futures is trading above Average traded price by 11.45 / 12.00pm, long positions can be taken with day low as stop loss and such long positions to be closed by 2.00pm. Risky traders can attempt short positions after 2.00pm if market is showing sign of weakness but with only very strict stop loss .
Nifty futures is generally strong for the day as long as it is above 4535 and would be weak only below 4515. Stop loss is a must in intraday trading.

Technical Levels for the Day:: Nifty Futures would be bullish above 4590 with resistance around 4615, 4640 and 4675 and bearish below 4560 with supports around 4535, 4510 and 4475 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