Highly Volatile Day…. !!!

Astro Technical Guide for Friday, 20.08.2010 ::

Astro Info:: Moon transits in Moola ruled by Ketu upto 10.10am and in Poorvashada constellation ruled by Venus thereafter and persons born in Mrigasira, Chitta and Dhanishta constellations and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.10am; 12.30pm; 2.45pm;

Likely Intraday Trend for 20.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady / subdued and after 10.10am expected to remain subdued / weak till about 11.45and remain generally volatile thereafter. Market is expected to be highly volatile in view of rapt conjunction of Mars and Venus and today being ruled by Venus as Day lord and Star lord. .
FMCG. Entertainment Power stocks are expected to be volatile (inclined towards bearishness).

Astro Technical Trading Strategy for the day :: After 10..00am, if Nifty fut trades below Open Price and Average Price , short positions can be taken with Day high level as stop loss and such positions may be closed by 1.00pm or be continued with strict trailing stop loss. Intraday short positions are against the main trend of the market and hence need high degree of caution and strict stop loss.

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 5546, 5565 and 5585 and find support at 5509, 5490,and 5472 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5515 and in Bearish zone below 5500 for Fri day.

Market , continued its upward journey and made a new 52 week high . Nifty is expected to get strong support in the region of 5450 and may face strong resistance around 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