Astro Technical Guide for Friday , 26.02.2010::
Astro Info:: Moon transits in Pushyami constellation ruled by Saturn and persons born in Bharani, Pubba, Poorvashadha and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::11.40am; 1.10pm;
Likely Intraday Trend for 26.02.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and generally remain better and is expected to have volatile movements inclined towards bearishness in the afternoon and again may recover towards close of the day.
Astrologically, Cement, Steel , Agri related stocks are expected to be better while Media , Entertainment stocks are expected to be subdued. PSU stocks may become subdued towards close of the day.
Astro Technical Trading Strategy for the day :: In view of the Union Budget presentation, news based / sector based movement are to be expected and high volatility is to be expected. Hence traders may trade only by hedging their positions with options and refrain from taking undue risk. Instead Nifty Call and Put option may be bought and high volatility an result in net profit to traders.
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 4865and in Bearish zone below 4845 for Friday.
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 Union Budget 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
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