Astro Technical Guide for Thursday ,06.05.2010 ::
Astro Info:: Moon transits in Sravanam ruled by Moon upto 1.20pm and in Dhanishta ruled by Mars 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:: 9.45am; 10.55am; 1.20pm;
Likely Intraday Trend for 06.05.2010 ::
On the basis of planetary position and aspects amongst planets and global markets, Market, expected to open steady and remain subdued till about 11.00am and recover thereafter to become subdued / weak after 1.20pm.
PSU stocks are likely to be subdued.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty trades below low price of first 30 minutes , short positions can be taken with day high as stop loss and such positions may be closed by 11.00am., (Risky traders can attempt long positions between 11.00am and 1.15pm, if market appears to be recovering / strong ). Again after 1.30pm, if Nifty trades below Average Traded Price, short positions can be attempted with a stop loss of 10 points above 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 above5140 with resistance around 5175 and 5200 and weak below 5120 with supports around 5090 and 5065 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5105 and in Bearish zone below 5085 for Thursday.
After opening with down gap, market recovered particularly in second half of the day and closed the gap and closed nearly flat for the day. However, short term trend is bearish and traders can apply 5250 as stop loss for Nifty futures (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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment