Astro Info:: Moon transits in Poorvabhadra constellation ruled by Jupiter upto 12.00pm and in Uttarabhadra constellation ruled by Saturn thereafter and persons born in Bharani, Pubba and Poorvashadha and in Aries and Leo zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::10.30am; 12.00pm; 1.40pm;
Likely Intraday Trend for 24.12.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and remain subdued from 10.30am and is expected to become volatile from 1.30pm;
PSU, Entertainment and Cement / Steel stocks are expected to be volatile with bearish bias.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty futures trades above Day’s Average price by atleast 10 points, long positions can be taken with a stop loss of about 20 points below Average price and such positions may be closed by end of the day. Traders are advised to be cautious in view of longer weekend (market to reopen on Tuesday after 4 days of holiday).
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 above5165 with resistance around 5195, 5220 and 5255 and bearish below 5135 with supports around 5105, 5075 and 5035 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5095and in Bearish zone below 5060 for Thursday.
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.
With yesterday’s strong upmove , Nifty has achieved a strong bullish breakout and chances of Nifty making a new high before year end have brightened and Nifty may test 5250 to 5300 by the end of this F&O series . There is a strong resistane around 5190 / 5220 and support around 5090for Nifty futures for Thursday.
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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