Astro Technical Guide for Wednesday, 02.06.2010 ::
Astro Info:: Moon transits in Sravanam ruled by Moon persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::11.20am; 2.40pm;
Likely Intraday Trend for 02.06. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to remain steady / better after opening till about 11.20am and become subdued / weak thereafter till about 1.30pm and may recover there after. Over all, expected to be a volatile session with choppy movements. PSU stocks may fare better while Communication, Technology, Bank stocks may remain subdued / weak.
Astro Technical Trading Strategy for the day :: Marke is expected to experience volatile movements with rise upto 11.30am and fall thereafter till 1.30 and recover thereafter. Traders are advised to chalk out a trading strategy depending on the real time movements keeping the above broad likely movement, Open Price, Average Traded Price in view.
If Nifty fut trades below Average Price after 11.15am, short positions can be taken with day high as stop loss and such positions may be closed by 1.30pm.
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 above4955 with resistance around 4985 and 5010 and weak below 4935 with supports around 4910 and 4885 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5005and in Bearish zone below 4980 for Wednesday.
Nifty fell drastically in the second half of the day and appears to have lost the bullish momentum gained in the last couple of days. Nifty fut. has closed below the key support level of 4950 and is now expected to face strong resistnace at 5050 and may drift down wards further. Nifty fut now becomes bullish only when it closes above 5050.
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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