Astro Technical Guide for Thursday , 04.03.2010::
Astro Info:: Moon transits in Swathi ruled by Rahu and persons born in Pushyami, Aslesha, Jyeshta and Revathi and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::9.30am; 2.35pm;
Likely Intraday Trend for 04.03.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and is expected to remain subdued in first half of the day and may recover in second half of the day and particularly towards close of the day. Time from 1.20pm to 2.20pm is critical for the day.
Communications / Tech stocks are expected to be generally better.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty fut. Trades above Average Traded Price , long positions can be taken with a stop loss of about 20 points below Average price 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 fut would be bullish above5090 with resistance around 5120, 5145 and bearish below 5185 with supports around 5070, 5040, 5015 and 4775 for the day ...
Based on present market movement, Nifty futures would be in Bullishzone above 5065and in Bearish zone below 5050 for Thursday .
Nifty fut could easily clear the important resistance level of 5065 and now would become bearish only below 5000 and is expected to face strong resistance around 5150 from short term perspective.
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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