Astro Technical Guide for Wednesday, 18.08.2010 ::
Astro Info:: Moon transits in Jyeshta ruled by Mercury and persons born in Krittika, Uttara and Uttarashadha constellations and in Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.30am; 1.10pm;
Likely Intraday Trend for 18.08. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and immediately become weak and expected to experience alternate bouts of bullishness and bearishness. Power stocks are expected to be better while Communication / tech stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut trades below Average Price by atleast 5 points, short positions can be taken with stop loss of 10 points 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 5443 and 5462 and find support at 5405, 5385 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5430 and in Bearish zone below 5420 for Wednes day.
Market , remained in a very narrow range and closed flat for the day inspite of huge gains for Bank stocks and Bank Nifty . If Nifty closes below 5400, it can go down further . Decisive turn for the market is expected before 21st August (mostly bearish breakout) .
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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