Astro Info:: Moon transits in Makha constellation ruled by Ketu.
Persons born in Rohini, Hastha and Sravana constellations and in
Virgo and Caprciorn zodiac signs are advised to be alert in their
dealings.
Sensitive / Trend change Timings for the day :: 10.28am; 1.50pm; 3.10pm;
Likely Intraday Trend for 20.08.09:: 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 generally remain steady / mildly better in the first half of the day and
become weak / more weak in Second half of the day. ( after 12.45pm.). PSU,
Power and Pharma stocks are expected to be better compared to other
sectors.
Market is expected to be better on Friday in general and in the forenoon in particular. Hence lighten short positions and also sell majority of the put options by Thursday close.
Astro Technical Trading Strategy for the day :: If Nifty futures is
trading below Day’s average traded price by at least 10 points any
time after 1.00pm, short positions can be taken with Day high
level or 30 points above Day’s Average traded price as stop loss and
such positions to be closed by end of the day.
Stop loss is a must for intraday trading.
Note :: There was a comment that yesterday’s prediction went wrong. Viewers are advised to strictly follow trading strategy such that any wrong astro prediction does not generate a trade or trade is stopped out with out much damage. For instance, Nifty futures came below Open and Day’s Average Traded Price by about 10.30am which either did not generate a trade or gave a loss of only about 20 points only.
Technical Levels for the day:: Nifty Futures would be bullish above
4410 with resistance around 4435, 4457 and 4492 and bearish below 4390
with supports around 4365, 4343 , and 4308 for the day...
Based on present market movement, Nifty futures would be in Bullish
zone above 4420 and in Bearish zone below 4390 for Thursday.
Nifty can be considered to be bearish for this month as long as it is
below 4500 and Nifty would become further bearish below 4320.
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
