Subdued First Half !!!

Astro Technical Guide for Friday, 03.09.2010 ::

Astro Info:: Moon transits in Mrigasira constellation ruled by Mars upto 1.30pm and in Aardra ruled by Rahu thereafter and persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.00am; 11.40am; 2.00pm;

Likely Intraday Trend for 03.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to remain subdued after opening till about 11.40am and recover therafter till about 2.00pm and remain steady thereafter.
Bank stocks are expected to be subdued.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades below Open Price and Average Price, short positions can be taken with stop loss of High price and such positions may be closed by 11.30am . After 12.00pm, if Nifty fut trades above Average Price by atleast 5 points, long positions can be taken with a stop loss of 10 points below Average Price and such positions may be closed by 2.00pm or be maintained 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 5504, 5524 and 5540 and and find support at 5467, 5448 and 5430 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5500 and in Bearish zone below 5490 for Fri day.

Nifty after Wednesday’s tremendous gain, traded in a narrow and closed with modest gains. Nifty becomes marginally bearish below 5450 and further bearish below 5350 and becomes further bullish above 5550. However, considering astro and technical indications, risk reward ratio for long positions at current prices in unfavourable and better to wait for a decent correction which is expected before mid October. However, For trading positions, Stop loss for long positions is 5400(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