Closing Hour Crucial … !!!

Astro Technical Guide for Wednes day, 20.10.2010 ::

Astro Info:: Moon transits in Poorvabhadra constellation ruled by Jupiter and persons born in Aswini, Makha and Moola and in Aries and Leo Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.50am; 2.25pm;


Likely Intraday Trend for 20.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain generally better upto 10.50am and to become subdued / volatile there after and decisive change in trend is expected around 2.25pm. Nifty futures level of 5970 is also very crucial for the market around which it is expected to take strong support .
PSU and Communication stocks are expected to remain subdued in general and Bank stocks are expected to be better till about 11am.

Astro Technical Trading Strategy for the day :: After 2.00pm, if Nifty futures trades 10 points below Average Price , short positions can be taken with a stop loss of 10 points above 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 fut is expected to face resistance at 6065, 6085 and 6115 and find support at 6005, 5985 and 5955 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6110 and in Bearish zone below 6080 for Wednes day.

Nifty futures , fell sharply after 2.00pm encountering strong resistance at 6165 (both time and price mentioned in Yesterday’s Astro Guide) and closed at the day low level indicating bearishness. There was no follow up for Monday’s recovery on Tuesday. However, there is strong support for Nifty futures around 5970 – 5950 and strong resistance around 6175. Only when the above levels are breached decisively, fresh trend would emerge. For short term, Nifty futures is bearish and the stop loss level is 6175.

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