Astro Info:: Moon transits in Punarvasu constellation ruled by Jupiter and persons born in Aswini, Makha and Moola and in Leo and Sagittarius zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.10am; 2.10pm;
Likely Intraday Trend for 29.01.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open subdued and recover from 11.00am with occasional corrections. ;
Tech stocks are expected to be better while Oil stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 11.30am, if Nifty fut trades above Open and Average Traded Price, long positions can be taken with Day’s low level as stop loss and such positions may be maintained after 1.00pm, with a trailing stop loss of Average price minus 10 points 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 would be bullish above4877 with resistance around 4901, 4928 and 4963 and bearish below 4857 with supports around 4833, 4806 and 4771 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 4890and in Bearish zone below 4865 for Friday.
RBI’s credit policy is the main trigger for the day which can move the market.
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 tobe used 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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