Astro Info:: Moon transits in Sravana constellation ruled by Moon upto 1150am and in Dhanishta thereafter ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Aquarius and Gemini zodiac signs are advised to be alert in theirdealings.
Sensitive / Trend change Timings for the day ::10.25am; 12.00pm; 1.15pm; 3.10pm;
Likely Intraday Trend for 27.10.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady/subdued and immediately become subdued / weak and generally recover in second half of the day. Volatile movements can be expected from 2.00pm to 2.45pm;
Bank stocks are expected to be better in the forenoon and Cement and Steel stocks could be subdued.
Astro Technical Trading Strategy for the day ::If Nifty futures breaks low level recorded upto 10.30am by about 10.45am, short positions can be taken with Day high as strict stop loss and close such positions by 1.30pm. Voaltile movements can be expected in Banking stocks in view of RBI’s credit policy announcement and traders should be cautious.
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 above1985 with resistance around 5015, 5040 and 5080 and bearish below 4965with supports around 4935, 4910 , and 4870 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5015 and in Bearish zone below 4995 for Tuesday.
Nifty continues to be range bound with downward bias and if 4950 and 4900 is broken, deeper correction can be expected . 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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