Wednesday, October 21, 2009

Astro Technical Guide for Wednesday, 21st October 2009 ::

Astro Info:: Moon transits in Anuradha constellation ruled by Saturun and persons born in Bharani, Pubba and Poorvashadha in Sagittarius and Aries zodiac signs are advised to be alert in theirdealings.
Sensitive / Trend change Timings for the day ::12.45pm; 2.35pm;

Likely Intraday Trend for 21.10.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady better and generally remain steady / better in the forenoon session and may become volatile in the second half of the day( from 1.30pm to 3.00pm).

Media and Entertainment stocks could be better.

Astro Technical Trading Strategy for the day ::If Nifty futures trades above Open level after 10.30am, Long positions can be taken with strict Stop loss of 5090 and such long positions may be closed by 1.00pm or can be held with trailing stop loss.
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 above5120 with resistance around 5150, 5175 and 5215 and bearish below 5100with supports around 5070, 5045 , and 5000 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5140 and in Bearish zone below 5120 for Wednesday.

Nifty loses its momentum , if it closes below 5090.

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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