Closing Hour Better… !!!

Astro Technical Guide for Thursday, 28.10.2010 ::

Astro Info:: Moon transits in Aardra constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 11.10am; 2.00pm;


Likely Intraday Trend for 28.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain steady / subdued in the first half of the day and may recover in the last hour of trade. Being last day of F&O expiry, scrip specific movements are most likely.
FMCG, Entertainment stocks are expected to be better while IT stocks may remain volatile.

Astro Technical Trading Strategy for the day :: After 2.00pm, if Nifty futures trades above Average Price by about 10 points , long positions can be taken with a stop loss of 10 points below Average Price and such positions may be closed by end of the day.

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 is expected to face resistance at 6045, 6065 and 6095 and find support at 5985, 5965 and 5935 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6065 and in Bearish zone below 6045 for Thurs day.

Nifty has all along been bearish through out the day and the fall got intensiftied in the afternoon and Nifty spot managed to close above 6000 mark. Pharma , Midsize PSU Bank stocks are strong while Oil PSUs, Infra stocks are generally weak. In view of the last day of F&O series, Bullish stocks are expected to close further better and Bearish stocks are expected to slide further by close of the day. Nifty has strong support at 5950 and Resistance at 6150. However, Nifty has breached an important support level of 6050.

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