Thursday, December 3, 2009

Astro Technical Guide for Friday, 4.12.2009

Astro Info:: Moon transits in Aardra constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Cancer and Scorpio zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 12.15pm; 2.55pm;

Likely Intraday Trend for 4.12.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / subdued and may recover after 12.00pm and may become subdued towards close of the day(after 3.00pm)
Oil, Cigarette stocks may remain subdued.

Astro Technical Trading Strategy for the day ::After 10.30am, If Nifty futures trades below Open level and First 30 minutes low level, short positions can be taken with Day high as stop loss and may be closed by 12.00pm or continue with trailing stop loss depending on market situation. Any time after 1.00pm, If Nifty futures trades above Day’s Average Price by atleast 10 points, long positions can be taken with Day low as stop loss and such positions may be closed by 3.00pm;

Open level is important for intraday 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 above5140 with resistance around 5170, 5200 and 5240 and bearish below 5120 with supports around 5090, 5065 , and 5025 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5165 and in Bearish zone below 5140 for Friday.

Caution is necessary at high index level. Strong support for Nifty is available at 5050 level.

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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