Astro Info:: Moon transits in Poorvashadha constellation ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::11.00am; 12.45pm; 2.30pm;
Likely Intraday Trend for 18.12.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open subdued and may recover thereafter to become highly volatile (mostly inclined towards bearishness) from 12.30pm and may become weak towards close of the day.
Communication stocks are expected to be better in the forenoon session.
Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty futures trades above Day high recorded upto 10.30am, long positions can be taken with day low as stop loss and such positions can be closed by about 12.30pm. After 2.00pm, if Nifty futures trades atleast 10 points below Day’s average price, short positions can be taken with a stop loss of about 20 points above Average price and such positions to be closed by end of the day.
Open level is important for intraday trading and intraday short positions are to be taken below 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 above5045 with resistance around 5080, 5110 and 5145 and bearish below 5025 with supports around 5000, 4975 , and 4935 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5045 and in Bearish zone below 5030 for Wednesday.
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.
Long positions may be avoided as long as Nifty closes below 5100 and Nifty becomes distinctly weak if it closes below 5000..
Note :: Intraday trend given above is relative and based purely on the basis of planetary positions and aspects and needs to be understood and applied depending on the market movement. 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 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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