Midsession Better !!!

Astro Technical Guide for Wednesday, 01.09.2010 ::

Astro Info:: Moon transits in Krittika constellation ruled by Sun upto 1.20pm and in Rohini ruled by Moon thereafter and persons born in Aardra, Swathi and Aslesha constellations and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.40am; 11.50am; 2.05pm;

Likely Intraday Trend for 01.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and recover after 9.40am and may generally remain better and after 2.00pm is expected to experience extremely volatile movements with huge upswing or downsing.
Bank, Cement and Steel stocks are expected to fare better.

Astro Technical Trading Strategy for the day :: After 9.45am, if Nifty fut trades above Open Price and Average Price, long positions can be taken with stop loss of Low price and such positions may be closed by 2.00pm or be continued with strict trailing stop loss as huge swing (up/down) can be expected thereafter.

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 5418, 5437 and find support at 5382, 5355 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5390 and in Bearish zone below 5375 for Wednes day.

Nifty opened lower and bottomed out by afternoon and after consolidation went up in the closing hour and closed with marginal loss. Nifty has taken support at very crucial level of 5360 and bounced back . Nifty is expected to face resistance around 5430 / 5450 and again fall . Keeping in view the above, any rise may be utilized to liquidate long positions and create short positions and further short positions can be added below 5350. Stop loss for Nifty fut short positions can be trailed to 5475 (on close basis).

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