Astro Info:: Moon transits in Aardra constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Gemini and Libra zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::10.40am; 1.15pm; 2.40pm;
Likely Intraday Trend for 31.12.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / better and remain better in the forenoon session and may become volatile (inclined towards bearishness) in second half of the day.
PSu, Entertainment, Media, Power, Pharma and Cement / Steel stocks are expected to have volatile movements (mostly inclined towards bearishness)
Astro Technical Trading Strategy for the day :: In view of F&O expiry day, scrip specific movements are most likely. However, market is bullish in general, hence Bullish strategy is suggested. By about 10.45am, If Nifty futures trades above the high recorded upto 10.30am, long positions can be taken with Day low as stop loss and such positions may be closed by 1.00pm or be held with strict trailing stop loss depending on market position.
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 above5180 with resistance around 5211, 5237 and bearish below 5160 with supports around 5129, 5103 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5185and in Bearish zone below 5170 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.
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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