Astro Technical Guide for Tuesday, 07.09.2010 ::
Astro Info:: Moon transits in Makha constellation ruled by Ketu and persons born in Rohini, Hastha and Sravana constellations and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.10am; 1.40pm;
Likely Intraday Trend for 07.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open steady and remain steady / subdued for most part of the day and generally remain trend less.
Entertainment, FMCG, Chemical stocks are expected to be better while Bank stocks may remain 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 1.30pm .
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 5600, 5620 and and find support at 5560, 5540 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5560 and in Bearish zone below 5540 for Monday.
Nifty after opening with upside gap, continued the momentum through out the day and in the process, cleared the previous high and closed at 5575 , within a striking distance to 5600. Today’s move is very significant and having made a new high, it would find support at 5540 on the way down. Nifty becomes subdued below 5525 and weak below 5450 / 5400 as per the present trend. However, astrologically, caution is advised at higher levels , as market can turn nervous after 11th or 16th of this month which would be confirmed by technicals when closed below 5450 asper the present trend.
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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