Astro Technical Guide for Tuesday, 4th August 2009 ::

Astro Info:: Moon transits in Uttarashadha constellation ruled by Sun. Persons born in Aardra, Swathi and Sathabhisham constellations and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::10.04am; 2.25pm;

Likely Intraday Trend for 04.08.09:: 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 / better and after some steady movements recover further after 11.30am after and expected to become subdued / weak after 2.30pm; Cement , Steel , Software stocks could be better.

Astro Technical Trading Strategy for the day :: If Nifty futures is trading above Open level and Day’s average traded price by about 11.30am, long positions can be taken with Day low as stop loss and may be closed by about 1.30pm / 2.00pm. If Nifty is trading below Day’s average price by 2.30pm, short positions can be taken with Day high as stop loss and such short positions may 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 4730 with resistance around 4758, 4781 and 4820 and bearish below 4710 with supports around 4682, 4659 and 4621 for the day...

Nifty is technically very bullish and short positions are not advised unless Nifty closes below 4650 / 4600. Based on present market movement, Nifty futures is very Bullish and can be considered Bearish below 4650 only 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