Astro Technical Guide for Wednesday, 29th July, 2009::

Astro Info:: Moon transits in Swathi constellation ruled by Rahu . Persons born in Aslesha, Jyeshta and Revathi constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::12.20pm; 1.55pm;

Likely Intraday Trend for 29.7.09 :: 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 generally remain subdued in the first half of the day and is expected to recover from 12.20pm to 2.45pm; PSU, FMCG / Entertainment stocks are expected to be subdued / weak.

Trading Strategy for the day :: If Nifty futures is trading below open level and also Day’s average traded price by about 10.15am, short positions can be taken with Day’s high as strict stop loss and such short positions may be closed before 12..00pm. If Nifty is trading above Day’s Average Price by about 12.30pm, Long positions can be taken with day low as strict stop loss. Nifty futures is generally strong for the day as long as it trades above 4580 and generally weak for the day if it trades below 4560. If Nifty futures breaks 4525 , it becomes particularly bearish and all long positions should be avoided.
Stop loss is a must in intraday trading.

Technical Levels for the Day:: Nifty Futures would be bullish above 4575 with resistance around 4602, 4624 and 4661 and bearish below 4555 with supports around 4528, 4506 and 4470 for the day... Nifty has been in a narrow range for the last Two days and is expected to break out on either side forcefully (4610 on upperside and 4525 on lower side).

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