Astro Technical Guide for Thursday, 05.08.2010 ::
Astro Info:: Moon transits in Rohini ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.15am; 11.40am; 1.40pm;
Likely Intraday Trend for 05.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady but recover after 9.15am and expected to experience volatile movements and remain better in second half of the day and may close better for the day.
Communication / tech stocks may come under pressure.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty fut trades above Average 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 is expected to face resistance at 5481, 5500 and 5537 and find support at 5444 and 5426 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5455 and in Bearish zone below 5440for Thursday.
After trading in a narrow range for most part of the day, Nifty exhibited bullish trend in the last hour and closed firm for the day and appeared set to make a new yearly high in this week. Aug 5 is the Gann turning date also. Next major resistance for Nift fut is 5545.
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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