Astro Info:: Moon transits in Dhanishta constellation ruled by Mars upto 2.35pm and in Sathabhisham thereafter ruled by Rahu and persons born in Pushyami, Anuradha and Uttarabhadra and in Pisces and Cancer zodiac signs are advised to be alert in theirdealings.
Sensitive / Trend change Timings for the day ::10.20am; 11.15am; 2.35pm;
Likely Intraday Trend for 28.10.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and generally remain steady / subdued and may recover towards close of the day (last hour).
PSU and Tech Communication stocks could be better while Cemetn, Steel, Entertainment, Media stocks could be subdued / weak.
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 2.30pm.
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 above4855 with resistance around 4885, 4910 and 49145 and bearish below 4835 with supports around 4805, 4780 , and 4745 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 4915 and in Bearish zone below 4885 for Wednesday.
Nifty finally broke crucial support of 4900 level and might seek lower levels in the near future. Next strong support is at 4700 / 4750. 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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