MID SESSION SUBDUED ... !!!

Astro Technical Guide for Thursday, 24.06.2010 ::

Astro Info:: Moon transits in Anuradha ruled by Saturn and persons born in Bharani, Pubba and Poorvashadha constellations and in Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :10.30am; 12.30pm; 1.40pm;

Likely Intraday Trend for 24.06. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and remain subdued in the midsession till about 2.30pm and may recover towards close of the day.
Power , Pharma, Metal stocks may remain subdued while FMCG, Entertainment stocks may fare better in general.

Astro Technical Trading Strategy for the day :: If Nifty fut trades below open Price and Average Traded Price after 11.00am, short postions may be taken with a stop loss of Day high level and such positions may be closed by 2.30pm. In view of last day of F&O expiry, scrip specific movement is most likely. (Intraday short positions are again the main trend of the market)

Open level is important for intraday trading and generally, intraday short positions are suggested 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 above5350 with resistance around 5385 and 5410 and weak below 5325 with supports around 5290 and 5265 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5330and in Bearish zone below 5315 for Thursday.

Market closed the gap caused on Monday and closed marginally positive for the day. Stop loss Nifty fut positional trade can be trailed to 5270. Strong Resistance at 5400 and Strong support at 5270 are seen for Nifty.

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