Astro Technical Guide for Thursday, 16.09.2010 ::
Astro Info:: Moon transits in Moola constellation ruled by Ketu and and persons born in Rohini, Hastha and Sravanam constellations and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.45am; 12.40pm;
Likely Intraday Trend for 16.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to remain subdued from 10.50am to 1.05am and may remain steady/ subdued thereafter. Highly volatile movements are to be expected. FMCG, Enterainment stocks are likely to be better while Cement, Steel stocks could be subdued.
Astro Technical Trading Strategy for the day :: After 11.00am, If Nifty trades below Average Traded Price by about 10 points , short positions can be taken with a stop loss of about 20 points above Average Price and such positions can be closed by about 1.15pm or be continued with strict trailing stop loss. However, as the market is highly bullish, intraday short positions are against the general trend of the market and needs high degree of caution.
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 5890, 5910 and 5935 and find support at 5830, 5815 and 5785 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5850 and in Bearish zone below 5835 for Thursday.
Nifty opened better and traded in the positive territory through out the day and closed with a gain of about 60 points and continued its upward march for 7th day in succession. This rise is largely on account of huge FII buying. Today’s RBI’s credit policy also would be another factor which can determine the course of the market. Trailing stop loss for Nifty’s long positions can be maintained at 5625 / 5745.
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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