VOLATILE MOVEMENTS !!!

Astro Technical Guide for Friday ,23.04.2010 ::

Astro Info:: Moon transits in Aslesha ruled by Mercury upto 1.50pm and in Makha thereafter ruled by Ketu and persons born in Krittika, Uttara and Uttarashadha and in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day:: 9.40am; 1.05pm; 2.00pm;

Likely Intraday Trend for 23.04.2010 ::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and may recover from 9.45am and again become subdued / weak from 11.50am . Market expected to experience highly volatile movements after 2.00pm.
Time from 1.00pm to 3.00 p m is crucial for the market.

Entertainment, FMCG and Bank stocks may remain subdued.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty futures trades above Open Price and preferably above high recorded in the first 30 minutes of trade, long positions can be taken with Day low as stop loss and such positions may be closed by 12.00pm . After 12.00pm, if Nifty futures trades below Average Traded Price, short positions with stop loss of about 10 points above Average Traded Price can be taken and such positions may be closed by 2.00pm or depending on market position, they may be continued with strict close trailing 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 above5270 with resistance around 5300 and 5330 and weak below 5250with supports around 5215 and 5190 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5295 and in Bearish zone below 5265 for Friday.

Market experienced heavy volatile movements yesterday and after clearly breaking the resistance level of 5300 during the day, it could not sustain at higher levels and closed around 5260 without giving any clear direction to the market. It is reiterated that close above 5300 would make the market strong and close 5200 would make it further weak . Nifty has been trading in a narrow range in this F&O settlement and clear direction is possible in the coming days.

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