RECOVERY AFTER INITIAL HICCUPS !!!

Astro Technical Guide for Thursday , 25.02.2010::

Astro Info:: Moon transits in Punarvasu constellation ruled by Jupiter and persons born in Aswini, Makha and Moola and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::10.00am; 1.30pm;

Likely Intraday Trend for 25.02.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and after initial hiccups is expected to recover from 9.30am and with occasional corrections is expected to remain steady and above Open level.
Being last day of F&O settlement, scrip specific action is most likely and Technology stocks are generally better while Sugar, Auto and Reliance group stocks are bearish technically.
Astrologically, Technology stocks are expected to be better while communication / Media stocks could remain subdued.

Astro Technical Trading Strategy for the day :: Anytime after 10.00am, if Nifty fut trades above Open level and preferably above First hour high, long positions can be taken with Day’s Low level as stop loss and such positions may be closely guarded with trailing stop loss or be hedged with a 4800 put option. In view of the F&O expiry day, market neutral strategy of going long in bullish scrips and going short in bearish scrips also can be adopted.

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 would be bullish above4870 with resistance around 4900 4925, 4960 and bearish below 4850 with supports around 4820, 4795 and 4855 for the day ...
Based on present market movement, Nifty futures would be in Bullishzone above 4870and in Bearish zone below 4855 for Thursday.

Nifty traded in a narrow range throughout the day yesterday and would become weak only below 4825 and expected to face strong resistance around 4925. In view of the F&O expiry, Economic Survey and Union Budget in these Two days, volatility is expected to 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 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