Astro Technical Guide for Wednesday, 04.08.2010 ::
Astro Info:: Moon transits in Krittika ruled by Sun and persons born in Aardra, Swathi and Sathabhisham constellations and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.25am; 2.50pm;
Likely Intraday Trend for 04.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and after initial hour, is expected to slowly become subdued and may become weak towards close of the day. Highest rates are expected to be recorded in the forenoon session. A big range day with high volatility can be expected.
FMCG, Power, Cement and Steel stocks may fare better.
Astro Technical Trading Strategy for the day :: After 1.00pm, 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. Intraday short positions are against the main trend . Hence, extreme caution is required.
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 above5445 with resistance around 5472 and weak below 5425 with supports around 5400 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5435 and in Bearish zone below 5425for Wednesday.
Nifty traded in a very narrow range and closed flat for the day. Crucial Level for Nifty is 5370 and 5475 and is expected to break either way and set clear direction before the end of this week.
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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