Astro Technical Guide for Tuesday, 11th August, 2009

Astro Info:: Moon transits in Revathi constellation ruled by Mercury.
Persons born in Krittika, Uttara and Uttarashadha constellations and
in Aries and Leo zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings for the day ::10.50am; 1.32pm; 2.30pm;

Likely Intraday Trend for 11.08.09:: 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 /subdued
and generally remain steady / mildly better between 11.00am and 1.00pm and
become subdued / weak after 1.00pm., Market is expected to
experience volatile movements from 2.30pm.,(mostly bearish)., PSU and Power stocks are expected to be better. Cement and Steel stocks could be subdued in second half of the day.

Astro Technical Trading Strategy for the day :: If Nifty futures is
trading below Open level and Day’s average traded price any time after
1.00pm , short positions can be taken with Day high as stop loss and
be closed by end of the day.
Stop loss is a must for intraday trading.

Technical Levels for the day:: Nifty Futures would be bullish above
4415 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 is Bullish above 4475
only for the day. Negative closing on Tuesday would make the market
nervous and immediate fall upto about 4250 can not be ruled out.
Market in oversold condition and may have a technical pullback in the
coming days.

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