Astro Technical Guide for Monday, 08.06.2010 ::
Astro Info:: Moon transits in Revathi ruled by Mercury upto 10.00am and in Aswini ruled by Ketu thereafter and persons born in Rohini, Hastha and Sravana constellations and in Taurus and Virgo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::9.55am; 11.00am; 2.40pm;
Likely Intraday Trend for 08.06. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to subdued and generally remain better in the midsession and may become subdued towards close of the day.
Power, Pharma stocks could remain better while Steel stocks could be subdued.
Astro Technical Trading Strategy for the day :: If Nifty fut trades above Open price after 10.30am, long positions can be taken with day low as stop loss and such positions may be closed by 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 above5035 with resistance around 5065 and 5090 and weak below 5015 with supports around 4985 and 4960 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5015and in Bearish zone below 5000 for Tuesday.
Following global cues, market opened lower and traded in a narrow range and closed nearer to traded day high for the day. If Nifty closes above 5050, uptrend can resume . However, market participants should be prepared for sudden surprises and high volatility in the coming days too.
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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