Astro Info:: Moon transits in Bharani constellation ruled by Venus upto 10.52am and in Krittika thereafter ruled by Sun and persons born in Aardra, Swathi and Sathabhisham in Taurus and Virgo zodiac signs are advised to be alert in theirdealings.
Sensitive / Trend change Timings for the day :: 10.52am; 12.20pm; 1.50pm;
Likely Intraday Trend for 07.10.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open better and generally better and is expected to become subdued / weak after 2.00pm.
Communication, Media, Entertainment, Power, Cement, Steel, Technology stocks are expected to be better while Oil stocks could be subdued.
Astro Technical Trading Strategy for the day ::By 10.45am, if Nifty futures trades above high recorded upto 10.30am , long positions can be taken with day low level as stop loss and close the positions by about 1.45pm. After 2.00pm, if Nifty futures trades below Day’s Average traded price or appears to be becoming weak, short positions can be taken with a stop loss of about 20 points above Day’s average traded price and close the positions by end of the day.
Open level is very important , above which level only intraday long positions may be maintained and vice versa.
Stop loss is a must for intraday trading.
Technical Levels for the day:: Nifty Futures would be bullish above5045 with resistance around 5075, 5100 and 5140 and bearish below 5025with supports around 4995, 4970 , and 4930 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5000 and in Bearish zone below 4965 for Wednesday.
During intraday trading Nifty futures tested 4920 but bounced back to close in the positive zone reflects good buying support at low levels . Nifty becomes weak only below 4980 and uptrend is intact as long as it closes above 5000 mark.
Technical portion and astrological portion given above shouldbeconsidered 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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