Astro Info:: Moon transits in Makha constellation ruled by Ketu till 1.00pm and in Pubba ruled by Venus thereafter and persons born in Rohini, Hastha and Sravanam and in Virgo and Capricorn zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::11.30am; 1.00pm; 2.45pm;
Likely Intraday Trend for 8.12.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / subdued and may recover thereafter and to be subdued from 11.30am to 1.00pm and is expected to have significant move (either up or down ) after 1.00pm.
Entertainment / Media stocks are expected to be volatile inclined towards bearishness.
Astro Technical Trading Strategy for the day ::After 12.00pm, If Nifty futures trades below Open level and Average Traded Price by atleast 10 points, short positions can be taken with Day high as stop loss and such positions may be covered by 2.45 pm or be continued with trailing stop loss.
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 above5075 with resistance around 5105, 5130 and 5170 and bearish below 5050 with supports around 5025, 5000 , and 4960 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5105 and in Bearish zone below 5080 for Tuesday.
Nifty appears to have lost its momentum and is expected to become more bearish below 5000. Strong support exists at 5000 and resistance at 5135. Caution is advised at high levels and long positions may be avoided.
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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