Astro Info:: Moon transits in Moola constellation ruled by Ketu and persons born in Rohini, Hastha and Sravanam and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::11.00am; 12.00pm; 2.10pm;
Likely Intraday Trend for 17.12.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and remain generally weak thereafter to recover after 2.15pm.
Power, pharma, Cement and steel stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 11.00am, if Nifty futures trades below Day low recorded upto 10.30am, short positions can be taken with day high as stop loss and such positions can be closed by about 2.00pm or can be held with strict trailing stop loss to close 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 above5055 with resistance around 5085, 5110 and 5145 and bearish below 5030 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.
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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