Astro Info:: Moon transits in Sravanam constellation ruled by Moon . Persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Aquarius and Gemini zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Nifty has remained in a narrow range with mild bearishness last week. Current week is a truncated with only 3 working days. Intraday volatility continues to be low signifying lack of trader’s interest and impending major move either side. Mercury resumes direct motion from 30th September. Considering planetary position and aspects market is expected to move in a narrow range with bearish bias during the current week. Astrologically, 30th September is important during the week for trend change.
Weekly Technical Levels :: Nifty is strong above 4990 with resistance around 5070, 5135 and weak below 4940 with supports around 4860 , 4795 for the week. Based on present market movement, Nifty would be in bullish zone above 5000 and in bearish zone below 4960 for the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4866, 4936, 5006, 5077, 5149 during the week.
Nifty becomes bearish below 4900 and bullish above 5050.
Sensitive / Trend change Timings for the day :: 12.15pm; 2.15pm; 3.00pm;
Likely Intraday Trend for 29.09.09::
On the basis of planetary position and the aspects amongst planets, Market is expected to open steady/ better and remain generally better and become weak from 12.15 pm to 2.15pm and again recover towards close of the day. After 3.00pm)
PSU and Bank stocks are expected to be better while Media, Entertainment, Cement and Steel stocks are expected to be subdued.
Astro Technical Trading Strategy for the day :: If Nifty futures is trading below first half an hour (10.30am) low and day’s average traded price by 12.15pm, short positions can be considered with a stop loss of about 20 points above Day’s average traded price and such short positions to be closed by about 2.15pm. Market is eagain expected to recover thereafter. (High risk traders can consider long positions with a nominal stop loss for the last 45 minutes of the day.)
Stop loss is a must for intraday trading.
Technical Levels for the day:: Nifty Futures would be bullish above 4975 with resistance around 5005, 5030 and 5070 and bearish below 4955with supports around 4925 , 4900nand 4860 for the day..
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Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.
There is resistance around 5010 and strong support in the region of 4930 for Nifty.
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
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