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 ::9.20am; 11.00am; 12.40pm; 2.10pm;
Likely Intraday Trend for 12.01.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / better and remain so thereafter to become subdued / weak from 11.00am to 2.10pm and may recover thereafter.
Technology stocks may remain subdued while Power / Pharma may remain better.
Astro Technical Trading Strategy for the day :: If Nifty fut trades below Average traded price after 11.00am by atleast 10 points, short positions may be taken with day higha as stop loss and such positions may be closed by 2.00pm. Depending on markt positions, risky traders can attempt long positions after 2.00pm with day low as stop loss 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 5270and in Bearish zone below 5255 for Tuesday.
Market has been trading in a very narrow range and with Q3 results seasons commencing from tomorrow with Infosys results, volatility may return to 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 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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