SUBDUED TREND …!!!!

Astro Technical Guide for Thursday, 17.06.2010 ::

Astro Info:: Moon transits in Makha ruled by Ketu and persons born in Rohini, Hastha and Sravana constellations and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :10.25am; 12.20pm;2.00pm;

Likely Intraday Trend for 17.06. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and may generally remain subdued for most part of the day.
Bank and Tech stocks may remain subdued while Power and pharma may remain better .

Astro Technical Trading Strategy for the day :: If Nifty fut trades below Open price after 10.00am, short postion may be taken with Day high as stop loss and such positions may be closed by 2.00pm or be continued with trailing stop loss.

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 above5235 with resistance around 5265 and 5295 and weak below 5215 with supports around 5185 and 5155 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5230and in Bearish zone below 5220 for Thursday.

Market traded in a narrow range and closed flat for the day and could not break the strong resistance of 5250. However, Strong support exists around 5150. Stop loss for Nifty fut positional trade can be trailed to 5150.

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