SUBDUED MIDSESSION !!!

Astro Technical Guide for Wednesday ,21.04.2010 ::

Astro Info:: Moon transits in Punarvasu ruled by Jupiter and persons born in Aswini, Makha and Moola and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day:: 10.55am; 12.10pm; 2.15pm;

Likely Intraday Trend for 21.04.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady / better and may recover from 10.15am . After being subdued from 12.10pm, may recover mildly again from 2.15pm. Time from 11.10am to 12.10 is crucial for uptrend in the market.

Entertainment/ FMCG are expected to be better while PSU and Oil stocks are expected to be subdued in the second half of the day.

Astro Technical Trading Strategy for the day :: At about 12.00pm, if Nifty futures trades below Average Traded Price, short positions can be taken with Day high as stop loss and such positions may be closed by 2.00pm or be continued with strict trailing stop loss depending on market movement.

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 above5240 with resistance around 5270 and 5295 and weak below 5220with supports around 5195 and 5170 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5235 and in Bearish zone below 5220 for Wednesday.

As expected, Credit policy did not dampen market sentiment. However, there were no sizeable gains for the market too. Nifty becomes strong only when it closes above 5295 and becomes further weak below 5200 and next major support is at 5125.

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