Astro Technical Guide for Wednesday, 11.08.2010 ::
Astro Info:: Moon transits in Makha ruled by Ketu and persons born in Rohini, Hastha and Sravana constellations and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.50am; 12.30pm;
Likely Intraday Trend for 11.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady / subdued and may have pull back after 10.00am and again become weak in second half of the day. Astrologically, 11th and 12th are crucial for markets and most probably dampen the sentiment.
Astro Technical Trading Strategy for the day :: After 12.00pm, if Nifty fut trades below Average 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 is expected to face resistance at 5488, 5505 and find support at 5433 and 5417 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5462 and in Bearish zone below 5452for Wednes day.
Nifty, trading in a very narrow range, is unable to move up convincingly and is set to become weak below 5410 and much weaker below 5350. However, till such time it breaches 5410, there is a possibility of it achieving 5525 / 5545. Ongoing US Fed meet outcome is expected be a trigger for world markets, which in all probability might dampen the sentiment, considering planetary configuration.
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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment