Volatile Movements… !!!

Astro Technical Guide for Wednesday, 29.09.2010 ::

Astro Info:: Moon transits in Rohini constellation ruled by Moon 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 : 10.00am; 12.15pm; 2.00pm;


Likely Intraday Trend for 29.09.2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to generally subdued till about 10.00am and may recover thereafter to experience highly volatile movements from 12.15pm .
Fmcg, Entertainment, Power stocks are expected to be volatile.

Astro Technical Trading Strategy for the day :: After 10.00am, If Nifty trades above Open and Average Traded Price , long positions can be taken with low as stop loss and such positions may be closed by 12.30pm or be continued 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 6080, 6100 and 6130 and find support at 6020, 6000 and 5970 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6040 and in Bearish zone below 6025 for Wednesday.

Nifty remained weak till about 2.30pm and recovered smartly in the last hour to close nearly flat for the day. Considering the F&O expiry on Thursday and Nifty having gone up all the way from 5400 trapping the Bears very badly, further strength can be expected in the Market with scripwise movements. Immediate major resistance is at 6100 and 6150 and Supports is at 5975. Stop loss for Nifty fut can be trailed to 5875 / 5975 (depending on one’s risk perception).


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