SUBDUED SECOND HALF

Astro Technical Guide for Friday , 16.10.09::

Astro Info:: Moon transits in Uttara constellation ruled by Sun and persons born in Aardra, Chitta and Dhanishta in Libra and Aquarius zodiac signs are advised to be alert in theirdealings.
Sensitive / Trend change Timings for the day ::11.30am; 1.15pm; 2.30pm;

Likely Intraday Trend for 16.10.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / better and generally remain steady / better thereafter and to become subdued / weak in Second half of the day. Highest rates for the day are expected to be recorded in First half of the day.

Power and Pharma stocks are expected to be better and Steel and Cement stocks may be better in the forenoon. Bank stocks likely to be subdued in the Second half of the day.

Astro Technical Trading Strategy for the day ::If Nifty opens steady and by 10.45am, it trades above High level recorded upto 10.30am, long positions can be taken with Day low as stop loss and to be closed by about 12.30pm. If Nifty futures trades below Day’s Average traded price by at least 10 points after 1.00pm, High risk trades can take Short positions with a stop loss of 20 points above Day’s average traded price to be closed by end of the day.
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 5115 and in Bearish zone below 5095 for Friday.

Market is generally Bullsih and positional short positions may be avoided as long as Nifty is above 5000.

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