MIDSESSION BETTER …!!!

Astro Technical Guide for Thursday, 29.07.2010 ::

Astro Info:: Moon transits in Sathabhisham ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi constellations and in Pisces and Cancer Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 11.10m; 1.20pm;

Likely Intraday Trend for 29.07. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and remain better in midsession from 11.15am to 1.30pm and may again become steady thereafter. In view of F&O expiry, scrip specific action is most likely
Tech stocks may remain better.

Astro Technical Trading Strategy for the day :: After 11.15am, if Nifty fut trades above Average Price by at least 5 points, long positions can be taken with a stop loss of 10 points below Average Price and such positions may be closed by about 1.30pm or depending on market position, may be continued with trailing stop loss.

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 above5410 with resistance around 5445 and 5470 and weak below 5385 with supports around 5350 and 5325 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5420and in Bearish zone below 5405for Thursday.

While Nifty closed weak for the day, it has closed near very key support level.. Market has been in a very narrow range for a long time and can be expected to seek clear direction very soon. (If Nifty breaks 5350, downfall is most likely and if it pierces 5480 further uptrend is possible. )

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