Astro Technical Guide for Wednesday , 17.03.2010 ::
Astro Info:: Moon transits in Revathi ruled by Mercury and persons born in Krittika, Uttara and Uttarashadha and in Aries and Leo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day:: 10.00am; 11.4am; 2.15pm;
Likely Intraday Trend for 17.03.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and after first hour hiccups is expected to recover from 10.00am and again may become subdued after 2.15pm.,
Entertainment/Media stocks are expected to be better while Oil stocks could be subdued.
Astro Technical Trading Strategy for the day :: Anytime after 10.00am, If Nifty fut. Trades above Open and Average Price , long positions can be taken with day low as stop loss and such positions to be closed by about 2.15pm;
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 fut would be bullish above5220 with resistance around 5252, 5278 and bearish below 5200 with supports around 5168, 5142 for the day ...
Based on present market movement, Nifty futures would be in Bullishzone above 5185and in Bearish zone below 5165 for Wednesday .
Nifty cleared the congestion zone of 5100 – 5150 and closed around 5200, signiftying breakout. Stop loss for Long positions may be raised from 5100 to 5140. Next major resistance is placed around 5250 and 5300..
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 to be used as an additional tool in addition to technicals and adapted depending on intraday movements. Loss / Gain in market depends on Individual natal chart. Creator only knows what is going to happen 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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