PULLBACK RALLY ...!!!

Astro Technical Guide for Wednesday ,26.05.2010 ::

Astro Info:: Moon transits in Swathi ruled by Rahu upto 12.15 pm and in Visakha ruled by Jupiter thereafter and persons born in Aslesha, Jyeshta and Revathi ae advised to be alert in the forenoon and those born in Aswini, Makha and Moola are advised to be alert in the afternoon and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::12.15pm; 2.20pm;

Likely Intraday Trend for 26. 05. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open better and generally remain better upto 11.00am and may remain volatile thereafter and remain steady from 12.20pm to 2.20pm .
Communication, Bank, Cement and Steel stocks are expected to remain volatile.

Astro Technical Trading Strategy for the day :: If Nifty fut trades below Open level after 9.30am, long positions can be taken with day low level as stop loss and such positions may be closed by 11.30am or be continued with strict trailing stop loss.
Intraday long positions are against the main market trend and hence extra caution is required.


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 above4820 with resistance around 4850 and 4875 and 4910 and weak below 4800 with supports around 4770 and 4745 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 4840and in Bearish zone below 4820 for Wednesday.

On account of global factors and tension in Korea region, Nifty opened weak and without any recovery witnessed further sell off in the afternoon. However, Nifty closed above crucial support level of 4800.As market is in extremely oversold zone, a relief rally or pullback is to be expected. Nifty becomes bullish (minor uptrend) only above 4950 (on close basis) and major uptrend above 5130.

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