Astro Technical Guide for Monday, August 31, 2009 ::

Astro Info:: Moon transits in Poorvashadha constellation ruled by Venus . Persons born in Mrigasira , Chitta and Dhanishta constellations and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Nifty gained about 4% last week and closed at weekly high on Friday. Nifty has been quite Bullish through out the week and closed in the green on all the Five days during the week. While technically market is quite Bullish, caution is advised at higher levels. Astrologically, a reasonable correction in September and steady rise thereafter is likely. Better to be careful at higher levels. As already mentioned last week, Astrologically, August 31, September 6 and 9 , 13 are important dates which can change the trend in the present lunar month. (from 21.8.09 to 18.9.09)

Weekly Technical Levels :: Nifty is strong above 4760 with resistance around 4830, 4890, 4990 and weak below 4700 with supports around 4630, 4570 and 4470 for the week. Based on present market movement, Nifty would be in bullish zone above 4660 and in bearish zone below 4610 for the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4456, 4523, 4591, 4659 , 4727, 4866 and 4957 during the week.

Nifty is generally Bullish as long as it maintains above 4625.

Sensitive/ Trend change Timings for the day :: 10.50am; 1.00pm; 2.15pm;

Likely Intraday Trend for 31.08.09:: On the basis of Planetary position and the aspects amongst planets, outlook for the day is expected in the following manner ::On the basis of planetary position, Market is expected to open steady and recover thereafter till 1.00pm and remain subdued thereafter.
Cement and Steel stocks are expected to be better.

Astro Technical Trading Strategy for the day :: If Nifty futures is trading above open and day average traded price by about 10.30am , long positions can be taken with day low as stop loss. Such positions may be closed by about 1.00pm .,
Stop loss is a must for intraday trading.

Note :: Henceforth, follow up on the above Astro Technical trading strategy would be given with the next day’s Astro guide. Above is a premarket Astro technical trading strategy. Similarly, there would be a real time Astro technical trading strategy also and the results of that strategy also would be given for comparision. Those who are interested in having real time intraday astro technical trading strategy can register with basastry1405@gmail.com along with their mobile no., background and risk profile. Comments / feedback / suggestions can also be sent to the above email id.

Technical Levels for the day:: Nifty Futures would be bullish above 4740 with resistance around 4768, 4791, 4809 and bearish below 4720 with supports around 4692, 4668 and 4630 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