WEAKNESS TOWARDS CLOSE AMIDST VOLATILITY !!!

WEAKNESS TOWARDS CLOSE AMIDST VOLATILITY / MIDSESSION RECOVERY !!!

Astro Technical Guide for Thursday ,22.04.2010 ::

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

Sensitive / Trend change Timings for the day:: 9.45am; 12.10pm; 2.00pm;

Likely Intraday Trend for 21.04.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open subdued and generally remain subdued / weak till about 12.00pm and is expected to recover thereafter again to become subdued / weak after 2.00pm.
Time from 12.00pm to 1.00pm is crucial for uptrend in the midsession.

Communication / Tech stocks are expected to be generally weak. Power , Pharma also may become weak towards close of the day.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty futures trades below Open Price and preferably below low recorded in the first 30 minutes of trade, short positions can be taken with Day high as stop loss and such positions may be closed by 12.00pm . Again after 2.00pm, if Nifty futures trades below Average Traded Price, short positions can gain be repeated with a stop loss of about 10 points above Average Traded Price and such positions may be closed by end of the day. (Risky traders can attempt long positions between 12.00pm and 2.00pm in generally bullish stocks)

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 above5255 with resistance around 5290 and 5315 and weak below 5235with supports around 5200 and 5175 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5255 and in Bearish zone below 5240 for Thursday.

Market traded in a very narrow range and closed with marginal gain for the day. Thursday’s trade is crucial for the direction of the market and Nifty close below 5200 would make it weak and market may seek further lower levels before F&O expiry. 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