SUBDUED MIDSESSION… !!!

Astro Technical Guide for Tuesday ,11.05.2010 ::

Astro Info:: Moon transits in Revathi ruled by Mercury and persons born in Krittika, Uttara and Uttarashadha and in Aries and Leo Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 10.40am; 12.30pm;

Likely Intraday Trend for 11.05.2010 ::
On the basis of planetary position and aspects amongst planets and global markets, Market, expected to open steady and remain subdued from 10.30am to 12.30pm and expected to recover thereafter.
Entertainment, FMCG, Power and Pharma stocks are expected to remain better.

Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty fut trades below Open level and Average Traded Price, short positions can be taken with day high as stop loss and such positions may be closed by about 12.30pm. After 12.45pm, if Nifty fut. Trades above Average Traded Price, long positions can be taken with a stop loss of 10 points below Average Price and such positions can be closed by end of the day.


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 above5210 with resistance around 5240 and 5265 and weak below 5190 with supports around 5160 , 5135 and 5080 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5160 and in Bearish zone below 5130 for Tuesday.

On account of Bailout package by EU to Greece, there was smart recovery by all world markets and Nifty recovered smartly and closed around 5200 thereby triggering stop loss for Nifty Short positions. As technically, market appears to have turned bullish, present stop loss for Nifty long positions is 5040(on close basis). Technically, any fall may be utilized for buying with Friday’s low as stop loss. However, astrologically, another round of fall is possible from later part of this week extending to next week. Hence, traders are advised to exercise caution ( not to buy at high rates and not to sell at low rates.)

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