Astro Info:: Moon transits in Moola constellation ruled by Ketu and persons born in Rohini, Hastha and Sravanam in Capricorn and Taurus zodiac signs are advised to be alert in theirdealings.
Sensitive / Trend change Timings for the day ::10.40am; 1.30pm; 3.05pm;
Likely Intraday Trend for 23.10.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / better and generally remain steady / subdued and may recover from 1.00pm to 2.30pm . Volatile movements can be expected from 10.40am to 11.30am.
PSU stocks are expected to be better while Cement, Steel, Bank stocks could remain subdued.
Astro Technical Trading Strategy for the day ::If Nifty futures trades above Open level and Day’s Average traded price by about 12.45pm, long positions can be taken with stop loss of about 20 points below Day’s average traded price and incase Nifty futures trades below Open level and Day’s Average traded price by about 1.00pm, short positions can be taken with Day high as stop loss. Similar strategy can be followed for individual scrips also with appropriate stop loss.
Since, market appears to be losing its momentum, intra day long positions also appear to be risky (since market is at relatively at very high level). Scrip specific movement appears to be the order of the day .
Open level is important for trading and intraday long positions are to be taken above Day’s open level only and vice versa.
Stop loss is a must for intraday trading.
Technical Levels for the day:: Nifty Futures would be bullish above5010 with resistance around 5040, 5065 and 5105 and bearish below 4990with supports around 4960, 4935 , and 4900 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5030 and in Bearish zone below 5000 for Friday.
Nifty closed around 5000 mark and lost its momentum . Short term positional traders may avoid long positions and risky traders can consider short positions on rise with 5100 call option as hedge. Immediate strong support is at 4900 and if breached might invite much deeper correction .
Technical portion and astrological portion given above shouldbe considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is tobeused as an additional tool in addition to technicals and adapteddepending on intraday movements. Creator only knows what is going tohappen and astrologer can only indicate what is likely to happen .
Trade only with stop loss..
Happy Trading..
Dr B Amaranatha Sastry
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment