VOLATILE MOVEMENTS INCLINED TOWARDS BEARISHNESS …!!!

Astro Technical Guide for Friday, 02.07.2010 ::

Astro Info:: Moon transits in Sathabhisham ruled by Rahu upto 11.00am and in Poorvabhadra ruled by Jupiter thereafter and persons born in Aswini, Makha and Moola constellations and in Pisces and Cancer Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :11.00am; 1.00pm;

Likely Intraday Trend for 02.07. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open subdued and remain subdued till 11.00am and recover thereafter and again become subdued / weak after 1.45pm and may recover towards fagend of the day (after 3.00pm).
Communication . Tech stocks may remain generally better .
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Astro Technical Trading Strategy for the day :: After 1.00PM, 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.

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 above5270 with resistance around 5300 and 5325 and weak below 5245 with supports around 5215 and 5190 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5265and in Bearish zone below 5245 for Friday.

In tune with global cues, Nifty opened gap down and traded weak throughout the day and closed near 5250 indicating weakness . Market has been experiencing see-saw movements during the last 5 trading session with alternate bouts of positive and negative closing indicating indecisiveness (with bearish bias). Market would come out of this range and seek direction when it closes below 5225 or above 5350. For Positional short positions, Stop loss may be maintained at 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