Astro Technical Guide for Friday, 13.08.2010 ::
Astro Info:: Moon transits in Uttara ruled by Sun upto 10.45am and in Hastha ruled by Moon thereafter and persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.45am; 1.00pm ;
Likely Intraday Trend for 13.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and become weak from 10.45 and may again recover from 1.00pm; Heavy volatility with fall between 11.00am to 1.00pm is expected. PSU stocks are expected to be subdued while volatility can be expected in Power, Cement, steel sector.
Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty fut trades below Average Price by 5 points, short positions can be taken with stop loss of 10 points above Average Price and such positions may be closed by 1.00pm.
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 5433, 5452 and find support at 5396 and 5378 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5405 and in Bearish zone below 5390 for Fri day.
Market , after opening gap down due to global cues, recovered and closed flat for the day. Nifty did not break 5400 (on close basis) which is an important parameter, technically, for the bearishness to continue. If Nifty breaks 5400, further bearishness can be expected. Astrologically, period upto 21st August is very sensitive and indicates significant bearishness. However, if nifty Nifty does not break 5400, it can test 5525 which however appears unlikely.
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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