Astro Technical Guide for Wednesday, 14th Ocober, 2009 ::
Astro Info:: Moon transits in Makha constellation ruled by Ketu . Persons born in Rohini, Hastha and Sravanam constellations and in Virgo and Capricorn zodiac signs are advised to be alert in their dealings .
Sensitive / Trend change Timings for the day ::10.20am; 2.20pm; ;
Intraday Trend for 14.10.09::
On the basis of planetary position, Market is expected to open subdued and generally remain steady / subdued in the first half of the day and recover in Second half of the day more particularly after 2.00pm.
Mining stocks are expected to be better while Oil stocks could be subdued. .
Astro Technical Trading Strategy for the day :: By 2.00pm, if Nifty futures is trading above Day’s Average traded Price by atleast 10 poins, long positions can be taken by intra day traders with Stop loss of about 15 to 20 points below Day’s average traded price.
Stop loss is a must for intraday trading.
Position traders can buy Nifty futures close to 5000 mark with 5000 put option as a hedge.
Technical Levels for the day:: Nifty Futures would be bullish above 5065 with resistance around 5095, 5121, 5161 and bearish below 5045 with supports around 5015, 4989, 4949
Nifty futures would be in Bullish zone above 5030 and in Bearish zone below 5000 for Wednesday.
Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements. Creator only knows what is going to happen 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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