Astro Technical Guide for Tuesday, 03.08.2010 ::
Astro Info:: Moon transits in Bharani ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta constellations and in Taurus and Virgo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.30am; 1.45pm;
Likely Intraday Trend for 03.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open better and after initial hour is expected to remain volatile (inclined towards bearishness) .
PSU, FMCG, Entertainment stocks are generally expected to remain subdued .
Astro Technical Trading Strategy for the day :: After 1030am, if Nifty fut trades below Open Price and Average Price, short positions can be taken with Day high as stop loss and such positions may be closed by 12.30pm or be continued with trailing stop loss depending on market position. Intraday short positions are against the main trend . Hence, extreme caution is required.
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 would be bullish above5449 with resistance around 5458 and 5477 and weak below 5431 with supports around 5424 and 5403 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5427and in Bearish zone below 5417for Tuesday.
Nifty traded in positive way and traded above 5400 throught out the day. As Nifty did not breach the crucial 5350, it did not become bearish and by crossing 5425, instead, it turned Bullish. If Nifty maintains above 5400, there is every possibility of Nifty making a new 52 week high during this week. However, there is strong resistance in the range of 5525 – 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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