Astro Info:: Moon transits in Uttarabhadra constellation ruled by Saturn and persons born in Bharani, Pubba and Poorvashadha and in Aries and Leo zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.30am’ 1.00pm; 2.35pm;
Likely Intraday Trend for 21.01.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open subdued / weak and may recover 10.30am and again remain subdued towards close of the day.
Communication, Cement and Steel stocks are expected to have volatile movements.
Astro Technical Trading Strategy for the day :: Nifty has been trading in a very narrow range and better to adopt a strategy of buying near support points and selling near resistance points keeping in view the above indicated trend.
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 above5232 with resistance around 5265, 5290 and bearish below 5212 with supports around 5180, 5155 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5235and in Bearish zone below 5220 for Thursday.
Nifty would become bearish if it closes below 5200 and would regain momentum only if it closes above 5275.
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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