Astro Technical Guide for Friday, 23.07.2010 ::
Astro Info:: Moon transits in Moola ruled by Ketu and persons born in Rohini, Hastha and Sravana constellations and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.10am; 12.15PM; 1.45pm;
Likely Intraday Trend for 23.07. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open better and remain so in the initial hour and may slowly become subdued and may become weak towards close of the day. Bank, Cement , Steel and Tech stocks may have volatile movements (mostly inclined towards bearishness).
Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut trades below Average Price by atleast 5 points , short positions can be taken with stop loss of 10 points above 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 above5460 with resistance around 5495 and 5520 and weak below 5440 with supports around 5405 and 5380 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5430and in Bearish zone below 5415 for Friday.
Market recovered after initial hour and closed near 5450 signifying further bullishness. Strong Resistance for Nifty exists in the region of 5525 and 5550
Nifty becomes weak below 5370 (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
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