Astro Technical Guide for Tuesday, 28.09.2010 ::
Astro Info:: Moon transits in Krittika constellation ruled by Sun and persons born in Aardra, Swathi and Sathabhisham constellations and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.05am; 1.00pm; 2.25pm;
Likely Intraday Trend for 28.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and generally remain better till about 12.15pm and after remain steady till about 2.00pm , may become volatile mostly inclined towards bearishness towards close of the day.
PSU stocks are expected to be better.
Astro Technical Trading Strategy for the day :: After 10.00am, If Nifty trades above Open and Average Traded Price , long positions can be taken with low as stop loss and such positions may be closed by 12.30pm . After 2.00pm, if Nifty fut appears to be becoming weak / trades below Average, Short positions can be taken with a stop loss of 10 points above 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 6080, 6100 and 6130 and find support at 6020, 6000 and 5970 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6075 and in Bearish zone below 6060 for Tuesday.
Nifty opened better following global cues and remain so initial hour and slowly gave up most of the gains by end of the day. Immediate major resistance is at 6100 and 6150 and Supports are at 5975 and 6120. Stop loss for Nifty fut can be trailed to 5800 / 5875 / 5950 (depending on one’s risk perception).
Note :: Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and applied depending on the realtime 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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