Astro Technical Guide for Wednesday, 14.07.2010 ::
Astro Info:: Moon transits in Makha ruled by Ketu and persons born in Rohini, Hastha and Sravana constellations and in Virgo andn Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.30am; 11.30am; 2.30pm;
Likely Intraday Trend for 14.07. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open better and may become subdued in Second half of the day particularly towards close of the day. .
FMCG , Entertainment stocks may remain better.
Astro Technical Trading Strategy for the day :: After 2.00pm, if Nifty fut trades below Average Traded Price by atleast 5 points, short positions can be taken with a stop loss of 10 points above Average Price and such positions may be closed by end of the day. (Intraday short positions are against the main trend of the market , hence high degree of caution advised. ).
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 above5425 with resistance around 5455 and 5480 and weak below 5405 with supports around 5370 and 5345 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5400and in Bearish zone below 5385 for Wednesday.
Market made a new high and closed above 5400 inspite of Infosys disappointing (below expectation) numbers. Since Nifty closed above 5400, intermediate target of 5500+ can be expected. Stop loss for existing long positions may be trailed to 5300.
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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