Astro Technical Guide for Friday ,07.05.2010 ::
Astro Info:: Moon transits in Dhanishta ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Pisces and Cancer i Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 9.40am; 12.30pm; 2.45pm;
Likely Intraday Trend for 07.05.2010 ::
On the basis of planetary position and aspects amongst planets and global markets, Market, expected to open weak and remain subdued / weak from 11.00am to 2.30pm and may recover towards close of the day.
Cement , Steel, Tech stocks are likely to be subdued while Oil companies may fare better.
As RIL and RNRL judgement is slated to be pronounced today, related volatility in the scrips of these group companies and market in general is to be expected.
Astro Technical Trading Strategy for the day :: After 11.00am, 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 2.30pm.
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 above5105 with resistance around 5136 and 5161 and weak below 5085 with supports around 5055 and 5030 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5080 and in Bearish zone below 5060 for Friday.
After making a new low, market recovered smartly but closed in the negative only. A technical pullback can be expected due to oversold position and such pull back may be utilized to create short position with 5210 as stop loss 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
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