Dual Trend / Volatile Movements … !!!

Astro Technical Guide for Tues day, 19.10.2010 ::

Astro Info:: Moon transits in Sathabhisham constellation ruled by Rahu upto 12.45pm and in Poorvabhadra ruled by Jupiter thereafter and persons born in Aslesha, Jyeshta and Revathi upto 12.45pm and those born in Aswini, Makha and Moola in the afternoon session of the market and in Pisces and Cancer Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 11.50am; 12.45pm; 2.00pm;


Likely Intraday Trend for 19.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain steady to become volatile around 11.45am and trend is expected to change around 2.00pm. Nifty futures level of 6165 is also very crucial for the market above which it is expected to be bullish and vice versa.
Cement/Steel stocks may remain subdued while FMCG/ Entertainment stocks may fare better.

Astro Technical Trading Strategy for the day :: After 2.00pm, if Nifty futures trades 10 points above Average Price , 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. (Also, this strategy may be reversed if Nifty futures trades below Average Price after 2.00pm.)

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 6085 and in Bearish zone below 6060 for Tues day.

Nifty, after recording day Low in the initial hour itself, consolidated for major part of the day to go up sharply after 1.45pm and erased all the losses and closed marginally in the positive zone, signalling bottoming out pattern . It needs to be followed up with another positive day to confirm the reversal. However, close above 6200 is positive for short term and weekly close below 6000 is negative for medium term. Astrologically, Monday’s range (High and Low) are quite significant as close above the High is Bullish for the next One month and vice versa.

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