WEAKNESS TOWARDS CLOSE OF THE DAY ::

Astro Technical Guide for Tuesday, 20th Ocober, 2009 ::

Astro Info:: Moon transits in Visakha constellation ruled by Jupiter . Persons born in Aswini, Makha and Moola constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings .

Astro Technical Position for the week :: Nifty gained about 200 points or 4% during the week and closed strong for the week and closed at the highest level for Samvat 2065. Current week falls in the new lunar month and Samvat 2066 commences. Bank stocks and Metal stocks led the rally. Sun enters Libra, its debilitated sign and Mars is debilitated and is a crucial month in the year. Telecom and Tech stocks which had fallen recently may recover in course of time. 24th, 29th October and 6th and 9th November are crucial days in the present lunar month. Technically, Nifty futures is quite bullish and would become weak only below 5050 with very strong support at 4900.

Technical Levels for the week :: Nifty is strong above 5150 with resistance around 5230, 5295 and 5400 and weak below 5095 with supports around 5010, 4945, 4840 for the week.
Based on present market movement, Nifty would be in bullish zone above 5080 and in bearish zone below 5040 for the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4866, 4936, 5006, 5077, 5149, 5221, 5293, 5366 and 5440 during the week.

Sensitive / Trend change Timings for the day ::10.33am; 1.00pm; 2.30pm; 3.10pm; ;


Intraday Trend for 20.10.09::
On the basis of planetary position, Market is expected to open steady / better and generally remain better till about 1.0pm and may become subdued thereafter and weak towards close of the day.

Media, Entertainment and PSU Oil stock may remain subdued / weak while Tech stocks may remain strong.
Astro Technical Trading Strategy for the day :: First half of the day is expected to be better while Second half may remain subdued and particularly last hour may be weak. Keeping in view the above guidance, intraday strategy may be worked out. The following strategy is suggested. If Nifty futures maintains steady , long positions may be taken above Open level around 10.30am with 5100 as stop loss and positions may be closed by 12.30pm. Any time after 1.30pm, if Nifty futures is trading below Day’s Average traded Price by atleast 10 poins, short positions can be taken with Stop loss of about 20 points above Day’s average traded price and close the positions by end of the day.
Stop loss is a must for intraday trading.

Technical Levels for the day:: Nifty Futures would be bullish above 5130 with resistance around 5160, 5185 and 5225 and bearish below 5110 with supports around 5080, 5050 and 5010

Nifty fut is strong aas long as it maintains above 5050.
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