WEAKNESS TOWARDS CLOSE !!!

Astro Technical Guide for Friday , 09.04.2010 ::

Astro Info:: Moon transits in Dhanishta ruled by Mars and persons born in Pushyami, Anuradha, Uttarabhadra and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day:: 10.00am; 1.00pm; 2.00pm;

Likely Intraday Trend for 09.04.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to open steady and remain generally steady from 11.00am to 1.00pm and to become distinctly weak towards close of the day.
PSU stocks are expected to be generally better.

Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut . trades below Average Traded Price, short positions can be taken with day high as strict stop loss and such positions to be closed by end of the day.

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 above5310 with resistance around 5340 and 5370 and weak below 5290 with supports around 5260 and 5230 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5340 and in Bearish zone below 5320 for Friday.

After more than a month, there was a huge sell off in the market and Nifty fell rather heavily and closed just above 5300. Market appears to have become bearish on short term basis and risky traders can initiate short positions with a stop loss of 5365(on close basis). Conservative traders can buy a 5300 put option with a reasonable stop loss. Nifty is bearish below 5320 and would become bullish again only when it closes above 5365.

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