First Half Subdued …. !!!

Astro Technical Guide for Tuesday, 17.08.2010 ::

Astro Info:: Moon transits in Anuradha ruled by Saturn and persons born in Bharani, Pubba and Poorvashadha constellations and in Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.15am; 12.20pm;

Likely Intraday Trend for 17.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and immediately become weak and may recover after 12.30pm till 3.00pm;
Bank, Cement, Steel stocks may fare better.
Today’s range (high and low) may be kept as reference for the next one month and below Low Level short positions can be taken with high level as stop loss and vice versa.. Decisive Turn is likely for the market mostly inclined towards bearishness, for which the main parameter is to close below 5400 initially and 5350 thereafter

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades below Low Price recorded upto 9.30am, short positions can be taken with stop loss of Open Price and such positions may be closed by 12.30pm.

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 5436 and 5455 and find support at 5400, 5381 and 5363 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5443 and in Bearish zone below 5425 for Tues day.

Market , after remaining firm in the First half of the day, experienced a huge sell off between 1.00pm and 2.00pm and closed weak for the day but above the key level of 5400, ( though went below 5400 during the day). If Nifty closes below 5400, it can go down further and may test 5250. However, astrologically, as the forthcoming period is quite sensitive and indicates bearishness, high degree of caution is advised.

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