Astro Technical Guide for Wednesday, 25.08.2010 ::
Astro Info:: Moon transits in Sathabhisham ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi constellations and in Pisces and Cancer Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.35am; 12.20pm; 2.30pm;
Likely Intraday Trend for 25.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open subdued and to remain steady from 10.30am and is expected to recover from 12.20pm to 2.30pm and again become steady thereafter. Time between 1035am to 11.35 is quite sensitive for the day. Cement, Steel stocks are expected to be subdued while Bank, Tech stocks may fare better.
Astro Technical Trading Strategy for the day :: After 12.00pm, if Nifty fut trades above Average Price by atleast 5 points, long positions can be taken with stop loss of 10 points below Average Price and such positions may be closed by 2.40pm or be monitored very closed with trailing 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 5530, 5550 and find support at 5490, 5472 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5518 and in Bearish zone below 5503 for Wednes day.
Nifty after opening steady witnessed considerable selling and recovered towards close of the day to close above 5500 mark. As global markets are generally very weak, India may have to fall in line with other markets sooner or later. High degree of caution is advised at current levels and it is reiterated that long positions at current levels have unfavourable risk reward ratio and Nifty becomes weak below 5490 and further weak below 5440.
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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