Astro Technical Guide for Thursday, 26.08.2010 ::
Astro Info:: Moon transits in Poorvabhadra ruled by Jupiter and persons born in Aswini, Makha and Moola constellations and in Pisces and Cancer Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.30am; 1.30pm;
Likely Intraday Trend for 26.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and remain subdued thereafter and trend deciding time for the day is 11.30am to 12.30pm. Market may recover from 11.30am to 2.30pm and again may become subdued thereafter. Considering Astro and Technical Indicators, either a normal rise or considerable fall can be expected on this Thursday. In view of the last day of F&O settlement, scrip specific movement is to be expected. Generally Bank stocks are bullish. FMCG, Entertainment, Power, Pharma stocks may remain subdued for the day.
Astro Technical Trading Strategy for the day :: After 11.30am, 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 2.30pm.
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 5485, 5502 and find support at 5445, 5428 and 5410 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5490 and in Bearish zone below 5475 for Thurs day.
Market has been in the negative zone throughout the day and after recovering most of the losses in the midsession , fell again in the last hour to close near the day low. While market has broken the first support , another strong support exists around 5440, which if broken convincingly would be heading much lower in due course. Market will stage a comeback only if Nifty closes above 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
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