Recovery towards Close !!!

Astro Technical Guide for Wednesday, 08.09.2010 ::

Astro Info:: Moon transits in Pubba constellation ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta constellations and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.40am; 1.25pm; 2.35pm;

Likely Intraday Trend for 08.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to remain generally subdued and may recover after 1.35 and probably more after 2.30pm. However, Last hour is crucial for the market.
steady / subdued for most part of the day and generally remain trend less.
PSU stocks are expected to be better

Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut trades above Average Price by atleast 5 points, long positions can be taken with stop loss of 10 points below Average price and such positions may be closed by end of the day or be carried forward with proper hedge.

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 5610, 5630 and and find support at 5570, 5550 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5600 and in Bearish zone below 5585 for Wednesday.

Nifty generally traded in a narrow range in the bullish zone but experienced vicious movements with sudden rise and sudden fall after 2.30pm. Strong support exists in the region of 5540 and becomes weak only below 5450. However, very short term position traders may apply 5520 as stop loss.


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