High Volatility inclined towards Bearishness… !!!

Astro Technical Guide for Thursday, 30.09.2010 ::

Astro Info:: Moon transits in Mrigasira constellation ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.55am; 12.10pm; 2.30pm;


Likely Intraday Trend for 30.09.2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to remain weak from 10.00am to 12.00pm and remain steady thereafter to become highly volatile towards close of the day. It is expected to be a big range day with high volatility (inclined towards Bearishness) . Bank, Tech, Power, FMCG are expected to be highly volatile.

Astro Technical Trading Strategy for the day :: After 10.00am, If Nifty trades below Open and Average Traded Price , short positions can be taken with high as stop loss and such positions may be closed by 12.30pm or be continued with strict 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 6025, 6045 and 6075 and find support at 5965, 5945 and 5920 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6045 and in Bearish zone below 6020 for Thursday.

Nifty, after opening better, fell rapidly till about 11am and remained generally steady thereafter to close below 6000 mark. Considering F&O expiry on Thursday , scrip specific movements are to be expected . Bank, Power, Metal are better in general. Market appears to be nervous ahead of Verdict on Ayodhya Issue. Immediate major resistance is at 6100 and Supports is at 5975.


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