SECOND HALF WEAK !!!

Astro Technical Guide for Wednesday ,05.05.2010 ::

Astro Info:: Moon transits in Uttarashadha ruled by Sun upto 10.25am and in Sravanam ruled by Moon thereafter and persons born in Punarvasu, Visakha and Poorvabhadra and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day:: 10.25am; 1.20pm;

Likely Intraday Trend for 05.05.2010 ::
On the basis of planetary position and aspects amongst planets and global markets, Market, expected to open weak and generally recover thereafter and recover further from 11.00am to 1.20pm and display highly volatile movements mostly inclined towards bearishness thereafter .
Communication stocks are expected to be bearish.

Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty fut trades above high price recorded in the first 30 minutes , long positions can be taken with day low as stop loss and such positions may be closed by about 1.00pm. After 1.30pm, if Nifty futures appears to be becoming weak or trades below Average Traded Price, short positions can be taken with Day high as stop loss and such positions may be closed by end of the day. (Intraday long positions also are against the main trend of the market and need to be carefully monitored)

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 above5150 with resistance around 5180 and 5205 and weak below 5125 with supports around 5095 and 5070 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5195 and in Bearish zone below 5170 for Wednesday.

As expected, clear short term direction in the form of bearishness came to the market after being in a narrow range for more than a month and market is set to form new lows in the coming days and any rise is to be utilized to liquidate long positions and traders can create short positions with 5275 as stop loss for Nifty(on close basis)

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