Astro Technical Guide for Thursday, 30th July, 2009

Astro Info:: Moon transits in Visakha constellation ruled by Jupiter. Persons born in Aswini, Makha and Moola constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::11.55am; 12.53pm; 1.56pm;

Likely Intraday Trend for 30.7.09 :: On the basis of Planetary position and the aspects amongst planets, outlook for the day is as under ::

Market is expected to open subdued / weak and remain generally steady and may recover after 2.00pm. Communication and Bank stocks are likely to be weak and Steel, Cement and Auto stocks could be better.

Astro Technical Trading Strategy for the day :: Being last day of F&O settlement, scrip specific action is most likely and extreme volatility is also possible. If Nifty futures is trading below open level and also Day’s average traded price by about 10.30am, short positions can be taken with Day’s high as strict stop loss and such short positions may be closed before 1.00pm. If Nifty is trading above Day’s Average Price by about 1.30pm, Long positions can be taken with day low or 20 points below Day’s average as strict stop loss.
Nifty futures is generally strong for the day as long as it trades above 4515 and generally weak for the day if it trades below 4475.
Stop loss is a must in intraday trading.

Technical Levels for the Day:: Nifty Futures would be bullish above 4515 with resistance around 4541, 4566 and 4600 and bearish below 4490 with supports around 4465, 4445 and 4410 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