Astro Technical Guide for Friday, 06.08.2010 ::
Astro Info:: Moon transits in Mrigasira ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.00am; 11.20am; 1.30pm;
Likely Intraday Trend for 06.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and is expected to become subdued / volatile between 10.00am and about 1.00pm and recover thereafter.
Oil stocks are expected to be better.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty fut trades above Average Price by atleast 5 points, long positions can be taken with a stop loss of 10 points below Average Price and such positions may be closed by end of the day.
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 5473, 5492 and 5529 and find support at 5436 and 5418 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5475 and in Bearish zone below 5463for Friday.
Nifty traded in a narrow range and closed marginally weak for the day after making a new 52 week high. Technically, Nifty appears heading towards 5500+, if it sustains above 5400. However, astrologically, medium term is highly turbulent , hence high degree of caution is advised. Next major resistance for Nift fut is 5545.
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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