Volatile Movements !!!

Astro Technical Guide for Thursday, 02.09.2010 ::

Astro Info:: Moon transits in Rohini constellation ruled by Moon upto 1.50pm and in Mrigasira ruled by Mars thereafter and persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.35am; 10.45am; 1.50pm;

Likely Intraday Trend for 02.09. 2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open better and after 9.35am is expected to display volatile movements with bearish bias upto 11.45am and bullish bias thereafter and may remain steady / subdued aftr 2.00pm. Volatile Movements are to be expected.

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 11.00am or be monitored with strict trailing stop loss. As volatile movements are expected, quick profit booking is to be done.

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 5494, 5512 and 5530 and find support at 5456, 5438 and 5420 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 5460 and in Bearish zone below 5440 for Thurs day.

Nifty opened better and continued to remain better amidst narrow range till afternoon and thereafter rallied smartly and closed very near to the resistnace level of 5475, Nifty breached the resistance level of 5450 and closed above the resistance level. If Nifty closes in the positive zone on Thursday, it might attempt to make a new high also very soon. Nifty’s bearish trend is under threat and it would remain bearish only when it closes below 5450 / 5400. Astrologically, Venus moved to its own sign Libra making things positive and we have wait till Sep 6 for Mars to join Venus in Libra to return to bearish mode.


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