Closing hour Crucial …. !!!

Astro Technical Guide for Thursday, 19.08.2010 ::

Astro Info:: Moon transits in Moola ruled by Ketu and persons born in Rohini, Hastha and Sravana constellations and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.45am; 12.30pm and 3.00pm;

Likely Intraday Trend for 19.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open subdued and may remain subdued after 12.00pm with a decisive turn towards close of the day (Last 30 minutes). However, market is expected trade with bearish bias for intraday.
PSU stocks are expected to be better in the forenoon and Bank, Cement and Steel stocks could be subdued in second half of the day.

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 stop loss of 10 points and such positions may be closed by end of the day. However, Short positions is appear to be against the main market trend, hence high degree of caution is advised.

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 5505 and 5525 and find support at 5465, 5445,and 5430 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5465 and in Bearish zone below 5445 for Thurs day.

Market , after remaining in a very narrow range till about 2pm, broke out fiercefully and went on to make a new high in futures segment. Nifty, did not breach crucial support level of 5400 (on close basis), which was required for a downside breakout and instead appears to be heading to make a new high. Market can still be considered to be in the narrow range but at the upper end of the range and needs to breakout decisively. However, strong resistance for Nifty is in the region of 5550.

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