Astro Info:: Moon transits in Sathabhisham constellation ruled by Rahu ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Pisces and Cancer zodiac signs are advised to be alert in theirdealings.
Sensitive / Trend change Timings for the day ::10.20am; 12.00pm; 12.40pm; 2.15pm;
Likely Intraday Trend for 29.10.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / subdued and may become subdued from 12.40pm and and again recover from 2.15pm;
Astro Technical Trading Strategy for the day ::Generally Nifty is bearish and in temporarily oversold position. While going long is against the general trend of the market, going short even for intraday would not be desirable. If Nifty achieves any of the support levels mentioned below in the forenoon session, long positions can be taken with immediate preceding level as stop loss and if Nifty achieves resistance level before noon, short positions can be taken with immediate next level as stop loss. Such positions may be closed before 2.00pm.
Scrip specific movement is to be expected in view of the F&O expiry. Cement, Telecom, Bank stocks are generally weak while Sugar, Technology and Pharma are relatively strong.
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 above4840 with resistance around 4870, 4895 and 4930 and bearish below 4820 with supports around 4790, 4765 , and 4730 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 4840 and in Bearish zone below 4820 for Thursday.
As market is temporarily in oversold zone, it is better to take short positions on rise.
As F&O expiry is nearing and corporate results season is going on, scrip specific movement is to be expected.
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
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