VOLATILE MOVEMENTS INCLINED TOWARDS INTRADAY BEARISHNESS

Astro Technical Guide for Wednesday , 03.03.2010::

Astro Info:: Moon transits in Hastha ruled by Moon till 10.20am and in Chitta ruled by Mars thereafter and persons born in Pushyami, Anuradha and Uttarabahdra and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::10.20am; 11.50am; 2.55pm;

Likely Intraday Trend for 03.03.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and is expected to have highly volatile movements inclined towards bearishness after 10.30am; Communications / Tech stocks are expected to be generally bearish.

Astro Technical Trading Strategy for the day :: After 12.00pm, if Nifty fut. Trades below Average Traded Price , short positions can be taken with a stop loss of about 20 points above Average price and such positions may be closed by end of the day. Since, market turned bullish, even intraday short position is also against the general trend and high risk traders also should resort to short position only with strict stop loss.

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 above5035 with resistance around 5065, 5090 and bearish below 5015 with supports around 4985, 4960 and 4920 for the day ...
Based on present market movement, Nifty futures would be in Bullishzone above 5010and in Bearish zone below 4990 for Wednes .

Nifty fut would become bearish only below 4925 and is expected to face strong resistance around 5065.

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