Astro Info:: Moon transits in Jyeshta constellation ruled by Mercury and persons born in Krittika, Uttara and Uttarashadha and in Sagittarius and Aries zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::11.20am;12.40pm and 2.15pm;
Likely Intraday Trend for 16.12.09::
On the basis of planetary position and aspects amongst planets , Market is expected to open subdued and may recover from 11.20 to 12.40 and again become subdued therafter and become weak after 2.15pm.
PSU stocks may fare better while Entertainment, Media could be subdued . Bank and oil stocks to be watched carefully for significant movements.
Astro Technical Trading Strategy for the day :: After 12.30pm, If Nifty fut trades atleast 10 points below Day’s average traded price, short positions can be taken with a stop loss of around 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 above5035 with resistance around 5065, 5090 and 5130 and bearish below 5015 with supports around 4985, 4960 , and 4920 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5085 and in Bearish zone below 5060 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.
Nifty has clearly closed below 5050 and indicated clear bearishness. Based on the present movement, Nifty appears to have topped out for the month and market may retest 4950 / 4800 by the end of this month. Long positions may be strictly avoided.
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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