Astro Technical Guide for Tuesday, 28th July, 2009::

Astro Info:: Moon transits in Chitta constellation ruled by Mars . Persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::11.30am; 1.05pm; 2.35pm;

Likely Intraday Trend for 28.7.09 :: On the basis of Planetary position and the aspects amongst planets, outlook for the day is as under ::

Market is expected to open steady / subdued and generally remain subdued / weak in the first half of the day and may recover after 2.00pm. However, 11.30am to 12.25pm is the time to watch for unidirectional move or high volatility. Power and Software stocks may be subdued / weak while FMCG stocks could do better.

Trading Strategy for the day :: 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 by 2.00pm or be continued with trailing stop loss depending on market movement. However, traders should be extremely cautious between 11.30am to 12.25, as there is expected to be high volatility / unidirectional move. In view of the RBI’s credit policy announcement also, traders are advised to be highly cautious.
Stop loss is a must in intraday trading.

Technical Levels for the Day:: Nifty would be bullish above 4581 with resistance around 4609, 4631 and 4668 and bearish below 4563 with supports around 4535, 4513 and 4476 for the day... Nifty would be generally weak for the day only if it trades below 4555.

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