VOLATILE MOVEMENTS !!!

Astro Technical Guide for Wednesday , 24.02.2010::

Astro Info:: Moon transits in Aardra constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::11.45AM; 1.20PM;

Likely Intraday Trend for 24.02.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / subdued and remain generally bullish thereafter with occasional corrections. A volatile day with Bullish bias.

PSU stocks, Bank stock are expected to be better .

Astro Technical Trading Strategy for the day :: Anytime after 12.30pm, if Nifty fut trades above Day’s Average Price by atleast 10 points, long positions can be taken with a stop loss of about 10 points below Average price as stop loss and such positions may 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 would be bullish above4885 with resistance around 4915 4938 and bearish below 4865 with supports around 4835, 4810 and 4775 for the day ...
Based on present market movement, Nifty futures would be in Bullishzone above 4870and in Bearish zone below 4855 for Wednesday.

Nifty traded in a narrow range for most part of the day yesterday and closed in a mildly bullish pattern would become weak only below 4825 and expected to face strong resistance around 4935 / 4950. With events such as Railway Budget, Economic Survey, F&O expiry and Union Budget in this week, volatility is expected to return to the market and the market is expected to come out of the above range and Wednesday’s trading would most probably decide the trend.

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