Astro Technical Guide for Fri day, 22.10.2010 ::
Astro Info:: Moon transits in Revathi constellation ruled by Mercury and persons born in Krittika, Uttara and Uttarashadha and in Aries and Leo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.45am; 12.50am; 2.55pm;
Likely Intraday Trend for 22.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain subdued upto 9.45am (from the opening level) and after volatile movements upto 10.45am. Market is expected to become subdued there after and may recover after 12.50pm and to have again volatile movements towards close of the day (after 2.55pm).
FMCG/ Entertainment, Cement, Steel, stocks are expected to remain subdued in general .
Astro Technical Trading Strategy for the day :: After 11am, if Nifty futures trades below Open Price and Average Price , short positions can be taken with a stop loss of 10 points above Average Price (6155 of Nifty Futures Level) 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 6155, 6175 and 6205 and find support at 6095, 6075 and 6045 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6095 and in Bearish zone below 6065 for Fri day.
Nifty steady went up throught out the day more particularly between 12.30 to 1.30pm and closed near the resistance level. Nifty continues to move in a narrow range i.e., between 5975 and 6150. Only when the above levels are breached decisively, fresh trend would emerge. For short term, Nifty futures would become Bullish if it closes above 6150. Friday is crucial for the market as another positive day would turn the market bullish even for short term while close below current week’s low would make the market nervous signalling further fall
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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