Friday, April 30, 2010

MID SESSION BETTER AND CLOSING WEAK !!!

Astro Technical Guide for Friday ,30.04.2010 ::

Astro Info:: Moon transits in Anuradha ruled by Saturn and persons born in Bharani, Pubba and Poorvashadha and in Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day:: 9.20am; 11.10am;1.10pm;

Likely Intraday Trend for 30.04.2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady/better and remain generally subdued to recover from 11.00am to 1.00pm and again may remain subdued / weak thereafter.
FMCG, Entertainment stocks are likely to be volatile.

Astro Technical Trading Strategy for the day :: After 11.00am, if Nifty fut trades above Average Traded Price, long positions can be taken with a stop loss of about 10 points below Average Price and such positions may be closed by about 1.00pm. After 1.30pm, if Nifty futures appears to be becoming weak or trades below Average Traded Price, short positions can be taken with Day high as stop loss and such positions may be closed by end of the day.

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 above5260 with resistance around 5290 and 5315 and weak below 5240with supports around 5210 and 5185 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5245 and in Bearish zone below 5235 for Friday.

Nifty traded in a narrow range and recovered part of the loss of Wednesday. However, Nifty becomes strong only above 5325.(on close basis)

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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