Astro Technical Guide for Friday, 24.09.2010 ::
Astro Info:: Moon transits in Uttarabhadra constellation ruled by Saturn upto 11.35am and in Revathi ruled by Mercury thereafter and persons born in Krittika, UTtara and UTtarashadha constellations and in Aries and Leo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.45am; 11.35am; 2.40pm;
Likely Intraday Trend for 24.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open subdued and recover from 10.30am to 12.30pm and remain steady / subdued thereafter and may recover towards close of the day. (after 2.45pm).
Communication, Power and FMCG stocks may go down.
Astro Technical Trading Strategy for the day :: After 10.30am, If Nifty trades above Average Traded Price by about 10 points , long positions can be taken with low as stop loss and such positions may be closed by 12.30pm . After 1.00pm, 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 6000, 6020 and 6050 and find support at 5940, 5920 and 5890 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5990 and in Bearish zone below 5970 for Friday.
Nifty appears to be in correction mode having closed in the negative zone for the second day in succession after spectacular rally in this month. As already indicated, last Three days’ trading pattern suggests high degree of caution at higher levels and major resistance for Nifty is in the region of 6050 / 6150 . Stop loss for Nifty fut can be trailed to 5800 / 5875 / 5950 (depending on one’s risk perception). Top made on 22/9 is quite significant astrologically and significant correction can be expected before Mid October. However, considering technical position and the FII Inflows, correction may end at 5870 / 5700, below which only current up move would get negated.
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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