Astro Info:: Moon transits in Chitta constellation ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::11.15am; 12.20pm; 1.15pm;
Likely Intraday Trend for 08.01.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open subdued and may recover immediately but expected to have volatile movements inclined towards bearishness in general.
Bank stocks are expected to be better while IT, Cement and Steel stocks could remain subdued.
Astro Technical Trading Strategy for the day :: Market may remain bearish in general. Short positions can be taken on rise with 5300 level as stop loss and to be closed by end of the day.
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 above5270 with resistance around 5302, 5330 and bearish below 5245 with supports around 5215, 5190 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5275and in Bearish zone below 5260 for Friday.
Nifty is expected to become further bearish below 5245 to find major support around 5200.
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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