CLOSING WEAK ...!!!

Astro Technical Guide for Friday, 16.07.2010 ::

Astro Info:: Moon transits in Uttara ruled by Sun and persons born in Aardra, Swathi and Sathabhisham constellations and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.55am; 12.45pm;

Likely Intraday Trend for 16.07. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and remain better in the first hour and slowly become subdued in the second half of the day and may become weak towards close of the day. Highest rates for the day are expected to be recorded in the first half of the day.
Bank, Communication stocks are expected to be subdued while Metal stocks could remain better.

Astro Technical Trading Strategy for the day :: After 1.00pam, if Nifty fut trades below Average Traded Price by atleast 5 points, short positions can be taken with a stop loss of 10 points below Average Price and such positions may be closed by end of the day.

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 above5395 with resistance around 5430 and 5455 and weak below 5370 with supports around 5335 and 5310 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5390and in Bearish zone below 5375 for Friday.

Market traded in a narrow range and closed flat for the day.
Stop loss for existing long positions may be trailed to 5350. (on close basis)

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