VOLATILE MOVEMENTS ...!!!

Astro Technical Guide for Wednesday, 07.07.2010 ::

Astro Info:: Moon transits in Bharani ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta constellations and in Taurus and Virgo Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :9.15AM; ; 12.00pm; 2.25pm;

Likely Intraday Trend for 07.07. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and experience volatile movements with frequent rise and fall (alternate hours) generally inclined towards bullishness.
PSU, Power stocks are expected to be better while Bank and Tech stocks may remain subdued.


Astro Technical Trading Strategy for the day :: After 1.00PM, If Nifty fut trades above Average Traded Price by atleast 5 points, long 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 above5315 with resistance around 5350 and 5380 and weak below 5290 with supports around 5255 and 5225 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5285and in Bearish zone below 5265 for Wednesday.

Market has steadily gone up throught the day and closed near Key resistance level of 5300. If Nifty closes above 5300 on Wednesday , long positions can be taken with 5225 as stop loss. Nifty has taken support around Key support level of 5225 number of times during the last 6 working days and hence Nifty becomes weak only below 5225(on close basis). However, caution is to be exercised at higher levels as global cues are generally weak and a Sell off is possible at higher levels.

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