Astro Info:: Moon transits in Hastha constellation ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadra and in Libra and Aquarius zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::9.40am; 10.50am; 2.30pm;
Likely Intraday Trend for 07.01.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and may have highly volatile movements with huge swings eitherside during the day. PSU, Communication, Entertainment, Bank stocks are expected to be highly volatile .
Astro Technical Trading Strategy for the day :: As market is expected to witness volatile movements, “Sell on rise “ and “Buy on Decline “ strategy may be followed keeping Open price, Average Trade price as reference.
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 above5303 with resistance around 5332, 5360 and bearish below 5278 with supports around 5248, 5220 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5290and in Bearish zone below 5275 for Thursday.
Nifty has been trading in a very narrow range and is expected to find clear direction before this weekend. As Nifty is trading at year high , high degree of caution is advised in respect of long positions and Nifty may test 5200 by this weekend.
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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