Astro Info:: Moon transits in Poorvabahdra constellation ruled by Jupiter and persons born in Aswini, Makha and Moola and in Pisces and Cancer zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 9.50am; 11.35am; 12.10pm; 1.40pm;
Likely Intraday Trend for 20.01.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady/ better and immediately become weak and is expected to recover after 11.30am and again become subdued towards close of the day.
Technology stocks are expected to be better while Power. Pharma stocks may remain subdued.
Astro Technical Trading Strategy for the day :: If Nifty fut trades below open level by 9.30am, short positions can be taken with day high level as stop loss and such positions may be closed by 11.30am. And short positions can again be taken after 2.00pm, if Nifty futures trades below Day’s average traded price with high level as stop loss and such positions may 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 Futures would be bullish above5235 with resistance around 5267, 5293 and bearish below 5215 with supports around 5183, 5157 for the day...
Based on present market movement, Nifty futures would be in Bullishzone above 5260and in Bearish zone below 5235 for Wednesday.
Nifty lost its bullish momentum on the basis of yesterday’s trading pattern and would become bearish if it closes below 5200 and would regain momentum only if it closes above 5275. As Nifty has been trading in a very narrow range, it can be expected to make a decisive move in the coming day.
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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