FALL AFTER OPENING !!!

Astro Technical Guide for Wednesday , 10.02.2010::

Astro Info:: Moon transits in Poorvashadha constellation ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 10.35am; 11.20am; 12.50pm;

Likely Intraday Trend for 10.02.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open better and remain subdued thereafter and may recover from 11.20am to become subdued towards close of the day. Time from 11.20a,m to 12.05 is crucial for the market.
Entertainment / Media, Oil stocks are expected to be subdued.

Astro Technical Trading Strategy for the day :: If Nifty futures trades below Open and Average Price by 9.30am, short positions can be taken with Day High level as stop loss and such positions to be liquidated by 11.00am., or maintain with strict trailing stop loss.

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 above4800 with resistance around 4830, 4855 and 4890 and bearish below 4780 with supports around 4752, 4728 and 4690 for the day ...
Based on present market movement, Nifty futures would be in Bullishzone above 4785and in Bearish zone below 4765 for Wednesday.

Nifty fut is expected to face strong resistance around 4850 and to get strong support around 4650 and fresh move is possible only on breaking of the above levels eitherside.
Today’s movement is most important for the market as Nifty close above 4850 would give some semblance of stability to the market. On the otherhand, if the market slips today and closes below 4750, there is a danger of making a new low very soon.


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